Nigeria has received a sovereign credit rating upgrade from S&P Global Ratings, with the agency raising the country's long-term foreign currency rating from 'B-' to 'B' and assigning a Stable Outlook. This upgrade, announced on Friday, marks a significant milestone as it follows similar positive revisions from all three major global credit agencies over the past twelve months. The upgrade is seen as a validation of the economic reform initiatives implemented by the administration of President Bola Tinubu.
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