Fitch Raises Nigeria’s Credit Outlook to Positive as Reserves Climb to $55 Billion

Fitch Ratings has raised Nigeria’s credit outlook to Positive from Stable, citing stronger foreign exchange reserves, improved economic policy management, and moderating inflation, signaling growing confidence in the country’s external position while leaving its underlying credit risks largely unresolved. The agency affirmed Nigeria’s long-term issuer default ratings at ‘B’, meaning the country has not yet […]

The post Fitch Raises Nigeria’s Credit Outlook to Positive as Reserves Climb to $55 Billion appeared first on Tekedia.