NewsBreakNigeria
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
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

Nigeria,​‌‍‍‍‍⁠⁠‍​‌​‍‌‌‌‍‌​ Africa lose $74.5bn yearly to unfair credit ratings – UN

The United Nations says inaccurate and context-poor sovereign credit ratings are estimated to cost African countries about 74.5 billion dollars annually through excessive borrowing costs and lost financing. The post…

Aggregated · originally by Vanguard
8 Oct 2026, 10:00 WAT · 3 min read
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Nigeria,​‌‍‍‍‍⁠⁠‍​‌​‍‌‌‌‍‌​ Africa lose $74.5bn yearly to unfair credit ratings – UN

The United Nations says inaccurate and context-poor sovereign credit ratings are estimated to cost African countries about 74.5 billion dollars annually through excessive borrowing costs and lost financing. The post…