Fitch Revises Nigeria’s Outlook To Positive On Reforms, $54.9bn Reserves

Fitch Ratings has revised Nigeria’s economic outlook from Stable to Positive, citing sustained economic reforms, rising foreign exchange reserves, easing inflationary pressures and improved prospects for economic growth. The international credit rating agency, however, affirmed Nigeria’s Long-Term Issuer Default Rating at ‘B’, indicating that while the country’s credit profile is improving, significant economic and fiscal...

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