Assessing Nigeria’s oil-driven rebound

PUBLISHED: Wed, 16 May 2018 08:25:21 GMT


Moody’s Investors Service says Nigeria’s primarily oil-driven rebound in growth could last through to at least 2019 supporting the credit profiles of its banks, companies and regional governments. However, the ratings agency notes that the country’s recovery will remain modest and fiscal pressures will persist. Aurelien Mali, Vice President and Senior Credit Officer at Moody’s joins CNBC Africa to put this in perspective.

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