Moody’s turns bullish on Nigeria’s economy – But why?

In a remarkable shift of perspective, Moody’s Investors Service has upgraded Nigeria’s credit outlook from stable to positive. This notable change reflects the burgeoning confidence in fiscal reforms and efforts to bolster its foreign reserves. The Nigerian government’s proactive measures, including the devaluation of the naira and the significant reduction of the oil subsidy, have ... source: https://www.cryptopolitan.com/moodys-turns-bullish-on-nigerias-economy/