Thursday, 26th January 2023
<To guardian.ng
Search

Assessing Nigeria’s key credit challenges

Moody's Investors Service says the 5.4 per cent quarter-on-quarter decline in Nigeria's gross federally collected revenues underscores the challenges the government faces in implementing the reform agenda to lower the dependence on oil. Aurelien Mali, Vice President, and Sovereign Analyst at Moody’s joins CNBC Africa assess some key credit challenges facing Nigeria.

Related

10 Feb 2022
There's unrest in India after students wearing headscarves are banned from classrooms in the state of Karnataka. For one newspaper, it's a worrying preview of PM Narendra Modi's increasingly nationalist and anti-Muslim agenda, 20 years after he was accused of turning a blind eye to Muslim killings as head of the state of Gujarat. In other news, the famed Australian soap "Neighbours" faces the axe. Finally, we bring you a bit of relationship advice!
16 Feb 2022
Stock markets returned to calmer trading on Tuesday after a volatile day on Monday, when investors were spooked by a joke made by Ukrainian President Volodymyr Zelensky about an imminent Russian invasion. His spokesman later clarified that the comments were "ironic". Oil prices, meanwhile, remain close to their highest level in seven years over fears of potential disruption to supplies. Also today, we look at the latest pay talks between French workers and employers, as inflation continues to rise.
1 Apr 2022
As the global rights watchdog Amnesty International unveils its annual report, the group's Secretary General Agnès Callamard joined us for Perspective. In the report, she accused Russia of turning humanitarian corridors in Ukraine into "death traps" – a tactic she says was used in Syria and Chechnya. Callamard also hit out at the UN Security Council for failing to "act adequately in the face of atrocities".
8 May 2022
After a sell-off on Wall Street, global investors are grappling with price increases and rising borrowing costs. Inflation is particularly brutal in Turkey, and the Greek government unveils a program to protect households from soaring energy prices.
24 May 2022
The World Health Organization will open its annual health assembly, bringing together 194 member states in Geneva. Russia's attacks on healthcare facilities in Ukraine will be center stage during the meeting.
30 May 2022
Following the second-deadliest school shooting in US history, protesters faced off with gun enthusiasts at an NRA convention in Texas this weekend. But both sides doubt that reforms will happen.
2 Jun 2022
The US town of Uvalde, Texas began to bury its dead this week after the country's worst school shooting in a decade. Nineteen students and two teachers were shot dead by an 18-year-old gunman. When President Joe Biden went to console grieving families, he was greeted with protesters shouting "Do something!". But can he actually do anything? FRANCE 24's international affairs commentator Douglas Herbert gives us his analysis.
8 Jun 2022
In the aftermath of deadly violence, Kazakhstan has held a referendum that is likely to shift powers away from the president and nix the privileges enjoyed by former dictator Nursultan Nazarbayev.
9 Jun 2022
This week, the US pledged close to $2 billion in private sector funds to help fight migration, adding to another billion already promised in December. US Vice President Kamala Harris made the announcement on day one of the Summit of the Americas, which is taking place in Los Angeles. The move is supposed to help control migration from Central America, one of the major themes of the talks. But there were some key players missing from the US-hosted summit. We take a closer look.
26 Jun 2022
The government is following through on its pledge to decriminalize abortion. Officials plan to abolish a law that subjects doctors who publish information on abortion procedures to prosecution.
30 Jun 2022
The G7 summit is set to kick off in Germany, with Western leaders facing up to a daunting set of crises — Russia's war in Ukraine and climate change top the list. As DW's Richard Walker reports, these issues are nothing new for the group of leading economic powers.
9 Jul 2022
Canada's government signed the most significant compensation agreement in its history in December 2021. After a nearly 15-year legal battle, the state will pay $40 billion for imposing racist and discriminatory practices on its child welfare system. The agreement, however, has been greeted by indigenous communities with caution, as confidence in Ottawa is weak.