Comment: Nigeria's CB wins praise

In the statement accompanying its BB minus long-term credit rating for Nigeria, the rating agency Fitch this week applauded policymakers' "strong commitment to economic reform", including "measures to rationalise the banking system" implemented by the Central Bank of Nigeria.


The rating - the first ever by a major credit rating agency for Nigeria - puts the oil-rich country's debt on par with that of Turkey and Brazil, and was accompanied by "stable" outlook. The central

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