Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso, has welcomed the decision of S&P Global Ratings to revise Nigeria’s outlook to positive from stable,
Speaking at a strategic session in Abuja he described the positive rating as a signal that reforms in the financial system are gaining traction.
Mr. Cardoso said the development reflects the steady progress recorded in stabilizing key economic indicators since the beginning of the year.
The Governor noted the CBN’s actions ranging from tighter monetary policies to enhanced foreign exchange market operations have contributed to clearer market signals and better investor confidence.
He explained that the improved outlook should motivate both public and private sector stakeholders to sustain ongoing reforms that support growth, investment, and long-term macroeconomic resilience.
