…Cites economic reforms, FX gains The Federal Government has described the latest upgrade of Nigeria’s sovereign credit rating by Standard & Poors (S&P) Global Ratings, as further evidence that the country’s economic reforms are beginning to restore international confidence in the economy. In a statement issued yesterday, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the government welcomed S&P’s decision to raise Nigeria’s sovereign credit rating from “B-” to “B” with a stable outlook. The Minister said the upgrades collectively reflect growing confidence among international…
Read MoreS&P upgrades Nigeria’s credit rating to ‘B’
