S&P Global Ratings & Nigeria

S&P Global Ratings: S&P Global Ratings>>> cited increased domestic refining capacity and rising hydrocarbon exports as major factors supporting Nigeria>>>'s sovereign credit rating upgrade, the first in 14 years.

Nigeria: Nigeria's economy and energy self-sufficiency are directly impacted by the debate over fuel importation versus domestic refining, with potential savings of N15 trillion in import costs and $11 billion in foreign exchange inflows.

S&P Global Ratings: S&P Global Ratings>>> upgraded Nigeria>>>'s sovereign credit rating, citing increased domestic refining capacity, which includes the operations of Dangote Petroleum Refinery>>>.

Nigeria: Nigeria's economy and consumers benefit from the price reductions by Dangote Petroleum Refinery, which helps ease transportation and operating costs and strengthens domestic refining capacity.

S&P Global Ratings: S&P Global Ratings, along with other global rating agencies, has consistently affirmed and applauded Nigeria's economic direction and renewed investor confidence.