Nigeria’s credit rating was upgraded to B by Fitch Ratings, remaining in the speculative-grade category. According to Bloomberg, Fitch citied improved policy credibility and reduced near-term risks to macroeconomic stability as justification for the imrpovement. ‘The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including …

The Bloomberg Media Initiative for Africa (BMIA), Cohort 4 Lagos is gearing up to hold a media roundtable spotlighting the Nigerian economy. Under the theme. ‘Addressing Nigerian Economic Challenges: Leveraging Fiscal and Monetary Policies for Recovery’, the event aims to foster insightful discussions. Scheduled for Tuesday, 12th March 2024 from 11 am, the roundtable will be guided by Global Director …

Williams Clowes, the Bloomberg hitman on Nigeria, feels that his only journalistic obligation is to dredge up negative stories about the country and Africa. In his latest drivel on Nigeria, he described Abuja Metro, the light rail line from Idu train station to the city centre that connects Nnamdi Azikiwe International Airport, as a “public transit project to nowhere” just …