Business

S&P says Nigeria ratings affirmed at ‘B/B’ outlook stable‍​

Isaac UmunnaComment(0)

* S&P Says Nigeria’s fiscal consolidation remains slow, while economic growth is improving at slower pace than envisaged Source text (bit.ly/2GBQ5vF) (Reuters)

Isaac Umunna

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Nigeria’s FX reserves fall 0.34 percent to $48 billion in June

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Nigeria’s foreign exchange reserves fell 0.34 percent from a month ago to $47.62 billion as of June 13, central bank data showed on Friday. Nigeria’s forex buffer stood at $30.22 billion, up 57.6 percent from a year ago, but is still far off a peak of $64 billion hit in August 2008.  Reuters
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Osinbajo’s Executive Order will boost indigenous businesses, local content drive: Zinox

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