NewStats: 3,265,314 , 8,186,354 topics. Date: Saturday, 14 June 2025 at 11:53 AM 4sol

One of the global rating agencies, Fitch Ratings, has upgraded Nigeria’s Long-Term (LT) Foreign-Currency (FC) Issuer Default Rating (IDR) to ‘B’, from ‘B-‘.

It also assigned Nigeria a stable outlook.
According to its assessment on Nigeria obtained on its website yesterday, the upgrade of the West African country reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.

“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch added.

It pointed out that the Stable Outlook reflects its expectation that Nigeria’s macroeconomic policy stance would sustain improvements in the functioning of the forex (FX) market and the move to lower inflation, “although it will likely remain far higher than rating peers.”

“Additionally, we anticipate a continued reduction in external vulnerabilities through further easing of domestic FC supply constraints, while renewed energy sector reforms should help sustain current surpluses.

“Greater formalisation of FX activity including the Central Bank of Nigeria’s (CBN) recent introduction of an electronic FX matching platform and a new FX code to enhance transparency and efficiency, along with monetary policy tightening, has led to a greater rise in FX liquidity and general stability in the FX market after a 40 percent depreciation in 2024, closing the spread between the official and parallel exchange rates.

“Net official FX inflows through the CBN and autonomous sources rose by about 89 percent in 4Q24, compared to an eight percent rise in 4Q23. We expect continued formalisation of FX activity to the exchange rate, although we anticipate modest depreciation in the short term,” it added.

The CBN has tightened monetary conditions through a combination of policy rate hikes to 27.5% (up 875bp since February 2024) and use of prudential and operational tools such as open market operations (at rates closely aligned to the MPR) to strengthen monetary policy transmission after years of financial repression.

“We project inflation, which reached 23.2 percent year-on-year in February 2025 under the recently rebased I, to average 22% in 2025 (‘B’ median 4.3%) and 20% in 2026. Fitch does not anticipate a premature easing of monetary policy that would undermine the benign effects of the policy adjustment, given high inflation,” it added

https://www.thisdaylive.com/index.php/2025/04/12/fitch-upgrades-nigeria-to-b-rating-stable-outlook-on-policy-reforms/?amp

The problem with Nigerian wailers is the fact that they don't see beyond " what's the price of yam in the market?", they're more concerned about their stomach than the health of the economy. Forgetting that If you don't have an economy, you can't even have food security, growth and development. The food inflation we all complain about is not as a result of government policies but as a result of human factor - na bandits, terrorists and herdsmen factor dey cause food crisis and high food costs. And I know you would say, it is Government responsibility to fight insecurity. And I can tell you as much that there's no other President that has killed more bandits and terrorists than the current President. However, you can't wipe out insecurity of over 16years in less than two years. So, pockets of attacks will never undermine the fantastic efforts of the NSA and the Military. Unfortunately, Nigeria. wailers will rather exaggerate these pockets of violence than see the successes of the Military.
The economy is also on the pathway of recovery given where we were coming from, improved economic outlook has earned positive ratings from Fitch. Less debt to revenue ratio, net trade surplus, higher liquidity, stable currency, improved foreign reserves, gradual reduction in inflation, etc. But I will not be surprised if some people selling recharge cards or phone charger under the bridge start arguing with Fitch rating. I don't like talking too much.
God bless Nigeria.




Kiss the truth!

Smiles

Asiwaju is the Nigeria president.

E lo fi okan bale

Only literate people will understand this not until easiness trickles down to the masses.

Putinofrussia:
Only literate people will understand this not until easiness trickles down to the masses.

And only if those illiterate people who never heard credit score before won't call this fake, propaganda or perhaps Fitch have been bought

Just wait for it

helinues:


And only if those illiterate people who never heard credit score before won't call this fake, propaganda or perhaps Fitch have been bought

Just wait for it

And you’ve proven to be a bigger illiterate for not being able to differentiate credit scores from credit ratings.

Let me help you.

Credit scores are three-digit numbers that tell lenders whether an individual is likely a responsible borrower.

Credit ratings, on the other hand, are letter ratings assigned to corporations or governments and are used by investors to determine their riskiness.

I hope you learn to brush yourself up before jumping into conversations that are beyond you.

coolcharm:



And you’ve proven to be a bigger illiterate for not being able to differentiate credit scores from credit ratings.

Let me help you.

Credit scores are three-digit numbers that tell lenders whether an individual is likely a responsible borrower.

Credit ratings, on the other hand, are letter ratings assigned to corporations or governments and are used by investors to determine their riskiness.

I hope you learn to brush yourself up before jumping into conversations that are beyond you.

One of the people I am talking about have arrived. Credit score and credit rating are used for different context.

What you score is what would be rated

The village lecturers dem

After God, na Tinubu 💪 God bless Nigeria

TimeManager:
The problem with Nigerian wailers is the fact that they don't see beyond " what's the price of yam in the market?", they're more concerned about their stomach than the health of the economy. Forgetting that If you don't have an economy, you can't even have food security, growth and development. The food inflation we all complain about is not as a result of government policies but as a result of human factor - na bandits, terrorists and herdsmen factor dey cause food crisis and high food costs. And I know you would say, it is Government responsibility to fight insecurity. And I can tell you as much that there's no other President that has killed more bandits and terrorists than the current President. However, you can't wipe out insecurity of over 16years in less than two years. So, pockets of attacks will never undermine the fantastic efforts of the NSA and the Military. Unfortunately, Nigeria. wailers will rather exaggerate these pockets of violence than see the successes of the Military.
The economy is also on the pathway of recovery given where we were coming from, improved economic outlook has earned positive ratings from Fitch. Less debt to revenue ratio, net trade surplus, higher liquidity, stable currency, improved foreign reserves, gradual reduction in inflation, etc. But I will not be surprised if some people selling recharge cards or phone charger under the bridge start arguing with Fitch rating. I don't like talking too much.
God bless Nigeria.




Kiss the truth!

I give this comment a five star 🌟 🌟🌟🌟🌟

helinues:


One of the people I am talking about have arrived. Credit score and credit rating are used for different context.

What you score is what would be rated

The village lecturers dem

Lol. Create your own happiness. Ignorance they say is bliss.

Nah rating statistics we go chop?

coolcharm:


Lol. Create your own happiness. Ignorance they say is bliss.

You can as well create your own delusional. It's all allowed

helinues:


You can as well create your own delusional. It's all allowed

How can I create my own delusional? You must have meant “You can as well create your own delusion.”

Poor thing.

Nigeria's economic policies, attendant outcomes, reactions, financial capacities are being closely monitored. We were upgraded from where we once were at a very high level of credit risks to where there's a margin of safety, stability and continued capacity of payment of financial commitments depending on the outlook of our business environment. This is a positive in which Nigeria's creditors and investors will be much interested.

coolcharm:


How can I create my own delusional? You must have meant “You can as well create your own delusion.”

Poor thing.

Thank you as you just created one

helinues:


Thank you as you just created one

You should first thank me for schooling you free of charge. How about that?

ObosiLandlord:
Nah rating statistics we go chop?

The rating is not meant for you, you're poor. It's meant for investors.

helinues:


And only if those illiterate people who never heard credit score before won't call this fake, propaganda or perhaps Fitch have been bought

Just wait for it

Those ones are permanent illiterates who fail to learn but rather like howling like blind rabid dogs.
They are called headless mob for a reason.

coolcharm:


How can I create my own delusional? You must have meant “You can as well create your own delusion.”

Poor thing.

That lot is irredeemable, highly uneducated and ignorant. It’ll be best for you not to engage such characters again.

Putindbutt:

The rating is not meant for you, you're poor. It's meant for investors.

I'm not like your poor father abeg

Jagaban on the beat. Omo olodo ide

Osu Igbo/Christian Obidients







Your food is ready


Its time to rubbish!....please,do it as usual,like your life depends on it

This news will definitely upset those people who have been afflicted with the spirit of witchcraft that make them sad about any good news about their country.

Pathetic lots.

Jagaban for a reason

TimeManager:
The problem with Nigerian wailers is the fact that they don't see beyond " what's the price of yam in the market?", they're more concerned about their stomach than the health of the economy. Forgetting that If you don't have an economy, you can't even have food security, growth and development. The food inflation we all complain about is not as a result of government policies but as a result of human factor - na bandits, terrorists and herdsmen factor dey cause food crisis and high food costs. And I know you would say, it is Government responsibility to fight insecurity. And I can tell you as much that there's no other President that has killed more bandits and terrorists than the current President. However, you can't wipe out insecurity of over 16years in less than two years. So, pockets of attacks will never undermine the fantastic efforts of the NSA and the Military. Unfortunately, Nigeria. wailers will rather exaggerate these pockets of violence than see the successes of the Military.
The economy is also on the pathway of recovery given where we were coming from, improved economic outlook has earned positive ratings from Fitch. Less debt to revenue ratio, net trade surplus, higher liquidity, stable currency, improved foreign reserves, gradual reduction in inflation, etc. But I will not be surprised if some people selling recharge cards or phone charger under the bridge start arguing with Fitch rating. I don't like talking too much.
God bless Nigeria.




Kiss the truth!

Your mouth bad..who kan dey sell recharge card now...abi na those people wey dey wait make them give them the address of their own house B4 they go back to their RedZone of the setting sun? Asking for a friend

How has this reduce the price of yam, garri and rice in the market?
Trashy news from Lagos-Ibadan expressway ronu media.

There's nothing stable about our policies or economy.

Now let's wait for mumu questions to form fake intelligence

I when we used to be rated ''AA by Fitch and Standard and Poor's and the economy was truly thriving with inspiring reforms targeted at the masses and smes. Good old days

APC has finished this country

During PDP we had gone up to BB on our way to AAA before the calamity happened that sank us to B-

Today APC the incompetent and wastefully clueless lots are celebrating B+

Return us back to 2015 at least!!