- Fitch Ratings revised Nigeria's outlook to positive from stable and kept its long-term foreign-currency rating at 'B' on Friday, 9 October 2026.
- The agency cited gross foreign reserves of $54.9 billion on 25 September 2026 and forecast average inflation of 15.4% in 2026.
- Finance Minister Taiwo Oyedele said on Saturday, 10 October 2026, that the government is working towards investment-grade status.
Fitch lifts Nigeria’s outlook to positive: what it means for you
Fitch kept Nigeria's credit rating at B but changed its outlook to positive on Friday, citing reserves of $54.9bn and easing inflation. Here is what the move means and what could come next.
Global ratings agency Fitch Ratings has revised Nigeria's credit outlook to positive from stable, while keeping the country's long-term foreign-currency rating at 'B'. The decision, announced on Friday, 9 October 2026, pointed to stronger foreign reserves, easing inflation and growing confidence that economic reforms will continue, TheCable and Premium Times reported. The rating itself has not changed, but the outlook…