S&P’s Positive Outlook on Nigeria Marks a Turning Point, but Major Tests Still Loom

S&P Global Ratings has lifted Nigeria’s sovereign credit outlook to positive from stable, a move that signals growing confidence in the country’s reform drive and improving macroeconomic signals. The agency kept Nigeria’s long- and short-term foreign and local currency ratings at ‘B-/B’, along with national scale ratings of ‘ngBBB+/ngA-2’, but noted that the country is

Read More