Fitch & S&P Concurrently Upgrade Nigeria's Sovereign Credit Rating to 'B+' with Stable Outlook on Resilient Reserves ($43.8B) and Non-Oil Revenue Surge

International credit rating agencies Fitch and S&P concurrently elevate Nigeria's long-term foreign currency issuer default rating to 'B+' from 'B', citing external reserves topping $43.8 billion, a 48% surge in non-oil tax collections, and zero reliance on central bank Ways & Means financing.