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Datanomics
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Moody’s Upgrades Nigeria’s Credit Outlook to Positive Moody’s Ratings changed Nigeria’s sovereign credit outlook to positive from stable, citing stronger foreign exchange reserves at $53.3 billion, a wider current account surplus, and 4 percent growth in 2025 that beat forecasts. Inflation dropped to 15.4 percent in July, helped by higher oil prices and refined exports. Finance Minister Taiwo Oyedele highlighted fuel subsidy removal and exchange rate unification as key drivers, while public views split between hopes for investment and calls for relief on daily costs like food and fuel.
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