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Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating at ‘B+’ with a negative outlook. Reuters on Thursday reported that Nigeria’s ratings were supported by its large and diversified economy, significant oil reserves, its net external creditor position, low external debt service ratio and large domestic debt market. These ...

Oyetunji Abioye with agency report The naira is expected to extend further its gain against the United States dollar owing to weak demand and increased supply of the greenback. The local unit, which closed at 370/dollar on Monday, closed at 365/dollar on Thursday. According to analysts and foreign exchange traders, ...

The Nigeria Deposit Insurance Corporation says 46 members of staff have graduated from the Chartered Banker/Master in Business Administration Programme at Bangor University, Scotland The graduates have also earned themselves triple qualifications of MBA, Bangor University; Associate, Chartered Institute of Bankers, Scotland the oldest professional banking institute in the world ...

The United States companies are deterred from investing more in Nigeria by its capital controls, according to the head of a US Congressional delegation visiting Nigeria, Sen. Chris Coons of Delaware. “Some of the currency controls that remain I think raise the question of whether foreign direct investment, if successful ...

Rasheed Bisiriyu and Ifeanyi Onuba The United Kingdom’s Department for International Development has defended its £200m ($258m) aid budget for Nigeria, even as the Federal Government pledged to work with the British government to stimulate and attract more direct private sector investments into the country. The UK Foreign Secretary, Boris ...

Deputy Prime Minister Mehmet Şimşek’s recent tweet on the size of Turkey’s economy blatantly “trolls” those who are closest to him. Following his tweet, which referred to the country’s purchasing power parity (PPP), Prime Minister Binali Yıldırım joined the chorus of those proclaiming that “we have attained our 2023 goals.”

The Turkish Foreign Ministry appointed new ambassadors to Croatia and Sudan on Aug. 30, state-run Anadolu Agency has reported.

br /> MADRID, 31 (EUROPA PRESS) La Comisión Nacional de los Mercados y la Competencia (CNMC) ha autorizado en primera fase la adquisición del 51% que Popular, propiedad de Santander tras su resolución, no controla en Aliseda a los fondos de capital riesgo Värde Partners y ...

Mobile solar revolution will transform Nigeria’s small-business economy, Lumos Nigeria Chief Executive Officer Mr. Yuri Tsitrinbaum has said. He said access to power is a major constraint to the Small and Medium Enterprises (SMEs), and many are using the Lumos Mobile Electricity service, which provides customers with reliable, clean, affordable ...

Nigeria will be self-sufficient in rice production by the end of this year, Minister of Agriculture and Rural Development Chief Audu Ogbeh has said. Ogbeh, who gave the assurance at the First International Cocoa Summit, organised by the Federal Ministry of Trade and Investment, in collaboration with Cocoa Farmers Association ...