https://en.sputniknews.africa/20250531/nigeria-receives-credit-rating-upgrade-from-global-agency-1073699071.html
Nigeria Receives Credit Rating Upgrade From Global Agency
Nigeria Receives Credit Rating Upgrade From Global Agency
Sputnik Africa
Acknowledging significant improvements in the country's external and fiscal health, Moody's, a global credit rating agency, raised Nigeria's outlook from... 31.05.2025, Sputnik Africa
2025-05-31T10:24+0200
2025-05-31T10:24+0200
2025-05-31T10:24+0200
sub-saharan africa
economy
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Acknowledging significant improvements in the country's external and fiscal health, Moody's, a global credit rating agency, raised Nigeria's outlook from "positive" to "stable." The agency predicts that recent progress will continue, albeit at a slower pace, if oil prices fall. 👉 Inflation Easing: Moody’s noted that policy reforms have reduced inflation risks, with early signs of lower inflation and borrowing costs boosting confidence in economic stability. 👉 Earlier this month, the World Bank reported Nigeria's fastest economic growth in a decade in 2024, driven by a strong fourth quarter and better fiscal health. However, the bank cautioned that high inflation remains a challenge.Subscribe to @sputnik_africa Sputnik Africa | X
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Nigeria Receives Credit Rating Upgrade From Global Agency
Acknowledging significant improvements in the country's external and fiscal health, Moody's, a global credit rating agency, raised Nigeria's outlook from "positive" to "stable." The agency predicts that recent progress will continue, albeit at a slower pace, if oil prices fall.
👉 Inflation Easing: Moody’s noted that policy reforms have reduced inflation risks, with early signs of lower inflation and borrowing costs boosting confidence in economic stability.
👉 Earlier this month, the World Bank reported Nigeria's fastest economic growth in a decade in 2024, driven by a strong fourth quarter and better fiscal health. However, the bank cautioned that high inflation remains a challenge.
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