S&P Global Ratings upgraded Nigeria's rating to 'B' due to economic performance on May 26, 2026.
2 reports, 2 independent
Updated Aug 30
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
S&P Global Ratings upgraded Nigeria's rating to 'B' due to economic performance on May 26, 2026.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.CBN data validates economic management, supporting Nigeria's rating upgrade.1 source
Rating upgrade to 'B' based on economic performance.1 source
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The entities involved
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Nigeria
sovereign state in West Africa
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S&P Global Ratings
credit rating agency, subsidiary of S&P Global
Related events
- Nigeria is receiving an update regarding its external position and growth from Moody's Ratings.
- The Central Bank of Nigeria (CBN) released a report detailing Nigeria's current economic performance.
- Nigeria tested its potential within the African economic landscape on May 27, 2026.
- The Nigerian government targets an investment-grade rating by 2030 and calls for closer coordination between fiscal and monetary policy.
- FTSE Russell assessed Nigerian market maturity and operational standards, noting that economic reforms are driving currency gains.