By Adedapo Adesanya Nigeria’s positive economic policy developments in the last couple of months have attracted the attention of one of the world’s leading ratings agency, Standard and Poor’s, stylised as S&P. One of S&P Global’s top sovereign rating analysts, Mr Gill, said that Nigeria, Africa’s largest economy as well as Kenya were seeing positive… Continue reading S&P Monitors Impact of Tinubu’s Economic Policies
Tag: S&P
S&P Predicts Brent Crude at $87 as Demand Weakens in 2023
By Adedapo Adesanya S&P Global analysts have predicted that the international crude benchmark, Brent crude, will average $87 per barrel for 2023, down from around a $100 billion average in 2022 as demand weakens. This is above Nigeria’s $75 per barrel benchmark contained in the 2023 budget. However, they expect demand weakness to come amid… Continue reading S&P Predicts Brent Crude at $87 as Demand Weakens in 2023
Inflation in Nigeria Will Remain High Through 2023—S&P
By Aduragbemi Omiyale A rating company, S&P Global Ratings, has projected that inflation in Nigeria will remain high through 2023 as a result of rising energy prices and tensions in the food-producing regions of the country, majorly the northern part. The National Bureau of Statistics (NBS) last month said inflation increased by 20.52 per cent… Continue reading Inflation in Nigeria Will Remain High Through 2023—S&P
S&P Affirms AfDB’s AAA/A-1+ Rating
By Adedapo Adesanya A renowned rating agency, S&P Global, has affirmed the “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank (AfDB) with a stable outlook. According to S&P, the outlook reflects the expectation that the AfDB would, over the next two years, “prudently manage its capital while maintaining solid levels of high-quality… Continue reading S&P Affirms AfDB’s AAA/A-1+ Rating