Moody's Positive Outlook on Nigeria

Moody’s Ratings revised Nigeria’s sovereign credit outlook from stable to positive, validating the economic reforms of President Bola Tinubu's administration. Finance Minister Taiwo Oyedele highlighted the impact of reforms such as fuel subsidy removal and exchange-rate adjustmen

Moody's has revised Nigeria's sovereign outlook to "positive" from "stable," citing stronger foreign exchange reserves and economic growth. The agency affirmed Nigeria's long-term foreign-currency rating at B3, indicating ongoing fiscal pressures despite improvements in external

Moody’s Ratings upgraded Nigeria’s outlook from ‘stable’ to ‘positive’ due to a stronger external position and robust economic growth. This followed FTSE Russell's reclassification of Nigeria to Frontier Market status, leading to a significant increase in the Nigerian equities ma