The Morgan Stanley Capital International (MSCI) has said that it will keep Nigeria in its benchmark frontier-market index after saying earlier this month that it might exclude the country because of the government's capital controls.

Moody's Investors Service has today downgraded Nigeria's long-term issuer ratings to B1 from Ba3 and has assigned a stable outlook, concluding the review for downgrade initiated on March 4th 2016.

THE Federal Government yesterday said it has received provisional $6billion loan offer from China to fund infrastructure projects across the country.

Inflation in Nigeria rose to a near four-year high of 12.8 percent in March, the National Bureau of Statistics said on Tuesday, with steep hikes seen particularly in the cost of petrol.