S&P raises Nigeria’s credit rating on stronger economy

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S&P raises Nigeria’s credit rating on stronger economy

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S&P Global Ratings has upgraded Nigeria’s sovereign credit rating from 'B-' to 'B', driven by improvements in macroeconomic conditions and a stronger oil sector. This upgrade is a significant boost for investor confidence in the Nigerian economy.

Nigeria today secured a major boost in global investor confidence as S&P Global Ratings upgraded the country’s sovereign credit rating to ‘B’ from ‘B-’, citing improvements in macroeconomic stability, foreign exchange reforms and stronger oil sector performance. The post S&P raises Nigeria’s credit rating on stronger economy appeared first on Vanguard News.

Politics Markets Nigeria credit rating S&P Global economic stability oil sector investor confidence

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