Datanomics posted President Tinubu's economic reform earns another positive rating from Moody's Moody’s Ratings revised Nigeria’s cred...

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President Tinubu's economic reform earns another positive rating from Moody's Moody’s Ratings revised Nigeria’s credit outlook to positive, citing stronger-than-expected economic growth, Bloomberg has reported. The improvements reflect stronger external buffers and greater macroeconomic stability, while rising oil production is expected to boost growth in 2026 and 2027, according to a statement Friday. The credit grader also affirmed the nation’s rating at B3, six levels below investment grade. The economic growth, “if sustained, would enhance the country’s capacity to absorb external shocks, strengthen economic resilience and, over time, support a gradual increase in government revenue,” analysts Jorge Valez and Matt Robinson wrote. The outlook revision brings Africa’s largest oil producer and refiner closer to a credit-rating upgrade and emphasises President Bola Tinubu’s commitment to fiscal consolidation and reforms.

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