Moody’s changes outlook on Nigeria’s B2 rating from stable to negative

PUBLISHED: Thu, 05 Dec 2019 13:00:30 GMT


Rating agency, Moody’s has changed its outlook on the government of Nigeria’s ratings to negative from stable. Moody’s says the negative outlook reflects its view of increasing risks to Nigeria’s fiscal strength and external position. Kayode Akindele, Partner at TIA Capital joins CNBC Africa to discuss stories making headlines in Nigeria.

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