Fitch Revises Nigeria’s Outlook to Positive on Reforms
By Oluwakemi Kindness Fitch Ratings has revised Nigeria’s credit outlook to Positive from Stable, citing stronger foreign reserves, moderating inflation and sustained economic reforms. The agency retained Nigeria’s long-term credit rating at ‘B’, saying further improvements will depend on continued progress. The Federal Ministry of Finance announced the decision in a statement signed by Minister […]
FG Targets 21% Debt-Service-to-Revenue Ratio by 2030
By Oluwakemi Kindness The Federal Government is targeting a reduction in its debt-service-to-revenue ratio from 62.93 per cent in 2025 to 21.01 per cent by 2030 under its proposed National Development Plan (NDP) 2026–2030. The Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, disclosed this on Thursday in her keynote address at […]
Nigeria Credit Rating Upgrade Boosts Reform Debate
By Oluwakemi Kindness Nigeria’s recent sovereign credit rating upgrade from B- to B has renewed discussions on the country’s economic direction and what it means for ordinary citizens. The upgrade reflects growing confidence in Nigeria’s ongoing economic reforms, although the country still remains below investment-grade status. To address these critical milestones, DataPro Limited, Africa’s fastest-growing […]