In a rating action published on Friday, the agency also alluded to Nigeria’s vibrant economic growth, backed by relative stability across macroeconomic indicators, among its key considerations for the upgrade.

After FTSE Russell Reclassification, Moody’s Upgrades Nigeria’s Outlook on Stronger External Position

Moody's has upgraded Nigeria's credit outlook to positive from stable, affirming its B3 rating. This reflects improved external position and stronger econo