- Nigeria secures first S&P upgrade in 14 years
- Dangote refinery and FX reforms boost investor confidence
LAGOS, NIGERIA — Nigeria has secured its first sovereign credit rating upgrade from S&P Global Ratings since 2012, marking a pivotal moment for President Bola Tinubu’s controversial economic reform agenda.
The upgrade to B from B-, alongside a stable outlook, reflects growing confidence among international investors that Africa’s largest economy may finally be emerging from years of currency instability, fiscal distortions and declining investor trust.
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