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Nigeria’s public finances increasingly ‘fragile’ in ‘sluggish growth environment ― Moody’s

Moody Cooperation, commonly referred to as Moody’s has revealed that Nigeria’s public finances are increasingly fragile in a “sluggish growth environment.” The global business rating organisation also rated the government of Nigeria negative from stable in its recent ranking released 4th December 2019. Moody’s, however, retained Nigeria’s B rating, stressing that its decision to affirm
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Nigeria’s inflation rate hits 12.56% ― NBS

Moody’s changes outlook on govt of Nigeria’s rating to negative from stable

Affirms the B2 ratings Moody’s Investors Service (“Moody’s) has today changed the outlook on the government of Nigeria’s ratings to negative from stable. Concurrently, Moody’s has affirmed the B2 long-term local and foreign currency issuer ratings, the B2 foreign currency senior unsecured ratings, and the (P)B2 foreign currency senior unsecured MTN programme rating. The new
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