S&P upgrades Nigeria after 14yrs in boost for investor confidence

Businessday | 16-05-2026 02:17pm |

Nigeria has received its first sovereign credit rating upgrade in 14 years, as S&P Global Ratings has elevated the country's long-term rating. This upgrade is expected to enhance investor confidence in Nigeria's economic prospects and financial stability. The decision reflects improvements in the country's fiscal management and economic reforms. Analysts believe that this development may attract more foreign investment into Nigeria's economy.

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