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S&P upgrades Nigeria’s outlook to positive as reform measures advance

  S&P Global Ratings has revised Nigeria’s sovereign credit outlook to positive from stable, reflecting the country’s ongoing policy adjustments and signs of improving macroeconomic conditions. The agency affirmed the long- and short-term foreign and local currency ratings at ‘B-/B’,…

IMF projects Nigeria’s debt-to-GDP ratio to decline to 35% by 2026

Nigeria’s debt burden is expected to ease over the next two years as the International Monetary Fund (IMF) projects a steady decline in the country’s debt-to-GDP ratio, according to its…