Fitch Affirms Nigeria at 'B'; Outlook Stable
Fitch Ratings has affirmed Nigeria's Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) at 'B' with a Stable Outlook.
Nigeria
Nigeria’s inflation rate reverses direction, drops to 15.6% in January 2022
Nigeria’s inflation rate dropped marginally to 15.6% in January 2022, representing a reversal from the uptick recorded in the previous month, when it increased to 15.63% in December 2021.
Nigeria: eNaira records 694,000 downloads, 95 days after its launch
eNaira, the digital currency issued by the Central Bank of Nigeria (CBN), has had 694,000 downloads in the 95 days since it was launched.
Nigeria Covid-19 Update: Weighing the risks of Omicron - United Capital
Recent reports of a new coronavirus strain named "Omicron" have coursed through global markets, amid a continuous increase in Covid-19 cases in Europe. First discovered in South Africa, cases have since been recorded in Belgium, Botswana, Israel, and Hong Kong, Nigeria, among others. In a recent report, the Nigeria Centre for Disease Control (NCDC) identified the presence of the new variant in three travelers from South Africa. These new developments are reminiscent of the Delta variant, which was first identified in India in Dec-2020.
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