₦airaland Forum

Credit ratings agency S&P upgraded Nigeria's long-term sovereign rating to "B" from "B-" on Friday, ​citing improving credit worthiness.

Higher oil production and prices, a ‌large increase in domestic refining capacity, and the 2023 decision to liberalize the exchange rate are boosting Nigeria's economic growth and balance of payments ​outcomes, the agency said, as it also revised the ​country's outlook to "stable" from "positive".

The World Bank said in April ⁠it expects Nigeria's economy to expand by about 4.2% in 2026 ​despite the Iran war, and urged authorities to save windfalls from ​stronger oil prices, maintain tight monetary policy and avoid broad subsidies to help curb inflation.

Africa's most populous nation had made progress taming price pressures ​before the U.S.-Israeli war with Iran, with inflation easing for 11 ​straight months, before edging up in March. But the conflict drove up fuel ‌costs ⁠and rippled through to food prices.

Nigeria's headline consumer inflation rose for the second month running in April.

S&P said, as a sizable net oil exporter of crude oil and an emerging producer ​of refined fuels, ​Nigeria is less ⁠exposed to the spillover effects from the Middle East conflict than most regional peers.

"We expect Nigeria's ​real GDP per capita to rise 1.4% on ​average ⁠per year until 2029, a significant improvement on the 1% yearly contraction, on average, over the past decade," it said.

S&P's rating action ⁠follows Fitch ​and Moody's, which also upgraded the Nigerian sovereign ​over the past year citing improvements in its external and fiscal positions.

abc115:
S&P lifted Nigeria’s credit rating for the first time since 2012, citing higher oil prices and the country’s improved capacity to refine and export crude


https://x.com/business/status/2055385838637223990

abc115:
if you are used to listening to unintelligent people, when intelligent people speak, you are confused.

This journalist told Tinubu that in Africa, the people don't trust the government, the informal economy is very and it would make taxation very difficult.

In response, Tinubu is saying he'll write the tax laws in English and not in Japanese-English.

Though I'm struggling to see… pic.twitter.com/LSiaWUWkAq

— Harmless (@HarmlessHQ) May 15, 2026

Parachoko:
On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

This journalist told Tinubu that in Africa, the people don't trust the government, the informal economy is very and it would make taxation very difficult.

In response, Tinubu is saying he'll write the tax laws in English and not in Japanese-English.

Though I'm struggling to see… pic.twitter.com/LSiaWUWkAq

— Harmless (@HarmlessHQ) May 15, 2026

givedemwotowoto:
Is this the best Nigeria can offer? 🤷🏼‍♂️

This journalist told Tinubu that in Africa, the people don't trust the government, the informal economy is very and it would make taxation very difficult.

In response, Tinubu is saying he'll write the tax laws in English and not in Japanese-English.

Though I'm struggling to see… pic.twitter.com/LSiaWUWkAq

— Harmless (@HarmlessHQ) May 15, 2026

helinues:
Almost all the reputable global financial institutions have upgraded Nigeria's s credit score with them.

Imagine with this information, how do you think you can relay this to a gala hawker and the person would be able to comprehend . ?

How then can you convince those people about the progress made so far by this government

The good thing is, we have secured where we are experiencing votes from, infact the election is over even when it's yet to be conducted as the opposition decided to be in pieces

ElSudani:
The time is coming soon when they will not be able to deny that Tinubu's reforms are working.

givedemwotowoto:
Is this the best Nigeria can offer? 🤷🏼‍♂️

https://x/harmlesshq/status/2055156677419172059

abc115:
if you are used to listening to unintelligent people, when intelligent people speak, you are confused.

helinues:
Almost all the reputable global financial institutions have upgraded Nigeria's s credit score with them.

Imagine with this information, how do you think you can relay this to a gala hawker and the person would be able to comprehend . ?

How then can you convince those people about the progress made so far by this government

The good thing is, we have secured where we are expecting votes from, infact the election is over even when it's yet to be conducted as the opposition decided to be in pieces

Gotocourt:
All developed and advanced countries have different form of subsidy. What is Nigeria subsidizing for us .

chimex38:
your lifespan.
the lesser you're alive, the less hardship you face

givedemwotowoto:
I agree. See what Tinubu supporters have gotten used to listening to. That’s why they’re confused when Peter Obi speaks

This journalist told Tinubu that in Africa, the people don't trust the government, the informal economy is very and it would make taxation very difficult.

In response, Tinubu is saying he'll write the tax laws in English and not in Japanese-English.

Though I'm struggling to see… pic.twitter.com/LSiaWUWkAq

— Harmless (@HarmlessHQ) May 15, 2026