Fitch Upgrades Nigeria’s Credit Rating, Citing Policy Reforms and Economic Adjustments
Fitch Ratings has upgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating to ‘B’ from ‘B-‘, maintaining a stable outlook for the country’s economic future. This positive adjustment comes as a recognition of the government’s commitment to policy reforms implemented since it adopted orthodox economic policies in June 2023. These reforms include significant measures such as exchange