Fitch: Nigeria’s Pursuit of Orthodox Economic Policies Improving Sovereign's Credit Profile Says continued progress on reforms key to rating prospects
Emmanuel Addeh in Abuja
Fitch Ratings disclosed that the federal government's pursuit of orthodox
economic policies since the inception of the President Bola Tinubu administration in 2023, which anchored the recent $2.2 billion Eurobond issuance,
had improved the prospects of the country’s credit profile. In a report on the state of the nation's economy, the ratings agency
Wants FG's economic policies sufficiently communicated
highlighted the changes that the Central Bank of Nigeria (CBN) had introduced, including the simplification of the exchange rate regime and
tightening of monetary policy through higher interest rates, stressing that they have further reduced distortions in the economy and improved policy
credibility. According to Fitch, if the electronic Continued on page 25
Apple Approaches Record $4tn Valuation as Investors Bet on AI... Page 25 Wednesday/Thursday December 25 & 26, 2024 Vol 29. No 10853. Price: N400
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In keeping with our tradition, your favourite newspaper of record will be off the streets tomorrow. It will however return to newsstand on Friday. Merry Xmas to all our esteemed readers –Editor
Mixed Reactions Trail Tinubu's Maiden Presidential Media Chat
Chucks Okocha, Emmanuel Addeh, James Emejo, Alex Enumah, Adedayo Akinwale in Abuja and Dike Onwuamaeze in Lagos
President Bola Tinubu’s maiden presidential chat, has continued to elicit divergent views and comments from a cross-section of Nigerians.
While many reckoned that his views on key national issues actually hit the bull's eye, several others posited that
some of his remarks were largely off the mark. The respondents ranged from politicians, senior lawyers, business
analysts, the clergy, and economists, among others. Tinubu had Monday held his first presidential media chat, 18 months
after assuming office, in a move that took the nation by surprise, especially Continued on page 25
In Xmas Message, President Tells Nigerians Pray for Your Leaders to Serve Diligently
Seeks prayer for brave troops, insists nation on path of progress towards bright future Offers sympathies to families affected by floods, fire accidents, other disasters in 2024 Atiku, Akpabio, Abdulrazaq, Sanwo-Olu, Mbah, Abiodun, Bago, Wike, Obaseki, Remi Tinubu, church leaders, others celebrate with Christians on birth of Christ Story on page 25
SANWO-OLU FLAGS OFF LAGOS SHOPPING FESTIVAL...
LR: DG/CEO, National Institute for Hospitality and Tourism (NIHOTOUR), representing the Minister for Tourism, Arts, Culture and Creative Economy, Chief Bisoye Fagade; Lagos State Commissioner for Tourism, Arts & Culture, Mrs. Toke Benson-Awoyinka; MD/ CEO, Chain Reactions Africa Ltd and organisers of the Festival, Mr.Israel Jaiye Opayemi; Governor of Lagos State, Mr. Babajide Sanwo-Olu; Special Adviser to the Governor on Tourism, Arts and Culture, Mr. Idris Aregbe, Secretary to the State Government, Mrs. Abimbola Salu-Hundeyin; and Lagos State Commissioner for Information and Strategy, Mr. Gbenga Omotoso, at the opening of the Lagos Shopping Festival 2024 at the Mobolaji Johnson Arena, Onikan Stadium, Lagos on Monday