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USD/NGN 1,330.21GBP/NGN 1,758.26USD/NGN black market ₦1,385 ▴0.7%GBP/NGN black market ₦1,850EUR/NGN 1,489.68JPY/NGN 8.41CAD/NGN 933.93

AU cautions AfCRA won’t cut Africa’s borrowing costs immediately

The Chairperson of the African Union Commission (AUC), Mahmoud Ali Youssouf, has cautioned that Africa's newly launched credit rating agency will not significantly reduce borrowing costs for African countries in the…

Aggregated · originally by Nairametrics
8 Oct 2026, 11:00 WAT · 3 min read
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AU cautions AfCRA won’t cut Africa’s borrowing costs immediately

The Chairperson of the African Union Commission (AUC), Mahmoud Ali Youssouf, has cautioned that Africa's newly launched credit rating agency will not significantly reduce borrowing costs for African countries in the…