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FG disagree with Moody’s on Nigeria rate downgrading

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The  Federal Government has objected the latest Moody’s downgrade of Nigeria from a B1 stable to B2, saying it does not reflect the positive trends in the economy at the market. “Since Nigeria was last rated by Moody’s (as B1 stable) in December 2016, it has successfully emerged from a protracted recession and recorded improvements ...

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