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Fitch Ratings has revised Nigeria’s outlook to positive from stable, affirming its B rating as foreign exchange reserves strengthen and economic reforms support macroeconomic stability. However, Nigeria faces $6.4 billion in Eurobond repayments between 2024 and 2030, while the government is introducing a 30-day petrol…
By Adedapo Adesanya Nigeria has now set its sights on getting an investment-grade status, following positive
Fitch Ratings has revised Nigeria’s sovereign credit outlook from Stable to Positive while affirming its long-term foreign- and local-currency issuer default ratings at B, citing stronger foreign exchange reserves, improving economic conditions and continued policy reforms. The decision, announced on October 9, 2026,…