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Fitch Revises Nigeria's Credit Outlook to Positive as Reserves Reach $54.9bn

Fitch Ratings has revised Nigeria's credit outlook to Positive from Stable, citing sustained reforms, disinflation and improved foreign reserves of $54.9 billion.

Adaeze Okonkwo5 hrs ago2 min read

Economy

Fitch revises Nigeria's outlook to positive as reserves pass $54.9 billion

The agency affirmed Nigeria's sovereign rating at B but changed the outlook to positive, citing naira flexibility, disinflation and faster-than-expected reserve accumulation.

Tunde Balogun4 min read