Nigeria: S&P further downgrades Nigeria as oil crisis worsens

19 September 2016, Lagos — The S&P Global Ratings downgraded Nigeria further into negative territory as the country struggles amid low oil prices and severe shortages of foreign-exchange. The S&P lowered Nigeria’s rating one level to B, five levels below investment grade and in tandem with Kyrgyzstan and Angola, while the outlook was changed from […] More »