S&P Global Ratings upgraded Nigeria’s outlook from stable to positive on November 14, 2025, while confirming the sovereign rating at ‘B-/B’. The agency highlights the impact of reforms initiated since 2023: exchange rate liberalization, subsidy removal, increasing tax revenues, gradual rise in oil production, and the commissioning of the Dangote refinery. Growth is now expected…...
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S&P upgrades Nigeria’s outlook to positive, ‘B-/B’ rating confirmed
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