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  <title>The Geopolitical Economist · Nigeria</title>
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    <title>Nigeria&#x27;s Rating Upgrade Is Partly a War Dividend</title>
    <link>https://geopoliticaleconomist.com/articles/nigeria-rating-upgrade-war-dividend</link>
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    <pubDate>Fri, 25 Sep 2026 06:00:00 +0000</pubDate>
    <dc:creator>Camilo Flora Matsumbo</dc:creator>
    <description>Nigeria&#x27;s sovereign credit rating upgrade is being presented as proof that three years of painful reform have finally paid off. Some of it has. But part of the improvement traces back to an oil price spike tied to a war Nigeria did not start.</description>
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    <content:encoded><![CDATA[New analysis on The Geopolitical Economist

NIGERIA'S RATING UPGRADE IS PARTLY A WAR DIVIDEND

Three agencies upgraded Nigeria in thirteen months. How much reflects reform, and how much reflects a war-driven oil price?

Nigeria's sovereign credit rating upgrade is being presented as proof that three years of painful reform have finally paid off. Some of it has. But part of the improvement traces back to an oil price spike tied to a war Nigeria did not start.

From the opening:
“Nigeria's sovereign credit rating upgrade is being presented as proof that three years of painful reform have finally paid off. Some of it has.”

By Camilo Flora Matsumbo, Researcher and economic analyst, Mozambique

Read the full analysis: https://geopoliticaleconomist.com/articles/nigeria-rating-upgrade-war-dividend

#Geopolitics #Africa #Nigeria #GlobalEconomy]]></content:encoded>
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