Nigeria needs more reserves and better inflation controls, says Fitch


Buoyed by strong oil prices and a robust debut in the international debt markets last year, Nigeria has growing aspirations to enter the ranks of countries that are rated ‘investment grade' by the major credit rating agencies. To do so, however, the country will need to work hard to improve its per capita GDP, reserve cover and governance, according to Fitch Ratings.

The credit rating agency made a comparison study of Nigeria, which currently has a BB– rating, with the seven countries that have

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