Moody’s Upgrades Nigeria’s Outlook to Positive, Maintains B3 Rating

Moody’s Ratings has shifted Nigeria’s credit outlook from stable to positive while keeping the country’s long‑term foreign and local currency issuer rating at B3. The agency cited an improved external position and stronger‑than‑expected economic growth as the basis for the upgrade. Moody’s noted that if the growth trend continues, Nigeria could better absorb external shocks and enhance its economic resilience. The rating change reflects the agency’s view that recent macroeconomic developments have strengthened the country’s credit profile.