S&P revises Nigeria’s outlook to ‘positive’

•Analysts applaud, say could put Nigeria under pressure to remove subsidy Citing ongoing reform initiatives by President Goodluck Jonathan’s government, typified by tightening fiscal and monetary stance, restructuring and strengthening of the banking sector, anchored on further prospect of sustainable growth, Standard & Poor’s ratings agency has revised its outlook on Nigeria from stable to positive.
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Added December 29, 2011
from Businessday Nigeria