South African regulators have moved to deregister the local arm of Moody’s Investors Service, marking a shift in how banks will use credit ratings in one of Africa’s most developed financial markets. Moody’s local unit in South Africa has been deregistered after voluntarily giving up its licence. Banks can still use its ratings for regulatory…
Nigeria could face tighter scrutiny over its security operations after U.S. lawmakers advanced a funding bill that places new conditions on American assistance to the country. U.S. lawmakers have moved forward with a bill that makes American security assistance to Nigeria conditional. The proposed legislation requires Nigeria to meet benchmarks such as responding to violence,…
Trade between Nigeria and Malaysia has reached approximately $1.21bn over the past five years, driven largely by a sharp rise in imports from Southeast Asia, according to the Nigeria Customs Service (NCS). Nigeria and Malaysia recorded approximately $1.21bn in bilateral trade over five years, according to the Nigeria Customs Service. Imports from Malaysia rose significantly,…
