S&P Upgrades Nigeria’s Credit Rating to ‘B’ Over Economic Reforms
Introduction Global ratings agency S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings from ‘B-’ to ‘B’ with a stable outlook. The agency cited improvements in Nigeria’s foreign exchange market, rising oil production, increased refining capacity, and ongoing economic reforms introduced by the administration of Bola Ahmed Tinubu. The announcement […]
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