On March 20, 2015, Standard & Poor's Ratings Services lowered its long-term foreign and local currency sovereign ratings on the Federal Republic of Nigeria to 'B+' from 'BB-'. We affirmed the short-term ratings at 'B'.

The African Development Bank’s application to establish a 160 billion Nigerian naira ("NGN") Medium Term Note Programme ("Programme") in the Nigerian capital market was approved by the Securities & Exchange Commission ("SEC") of Nigeria on Friday, 6 June 2014.

Nigeria's consumer inflation fell to 8 percent in September from 8.2 percent recorded in August, the National Bureau of Statistics (NBS) said on Wednesday in a report.

Today Nissan and West African conglomerate Stallion Group announced their intention to jointly launch vehicle assembly in Nigeria.