Assessing FX reforms, policies aiding S&P’s positive outlook rating for Nigeria

    Michael Nwadike | Insights | Nov 19, 2025    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
3420
times

The Central Bank of Nigeria (CBN’s) decision to embark on currency reforms- unifying multiple exchange rates and subsequent removal of FX trading restrictions are gaining positive feedbacks from global rating agencies. The latest applause came from S&P Global Ratings, which at the weekend revised its outlook on Nigeria to "positive" from "stable", while affirming "B-/B" rating for the country. The agency is confident that Nigeria’s monetary, economic, and fiscal reforms will continually spur growth and sustain foreign capital inflows to the economy.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
support_agent