In the Bible, it rained for 40 days and 40 nights.
Day 41 came and the rain stopped.
Moses committed murder & hid in the desert for 40 years.
Year 41 came, and God called him to help rescue Israel.
Moses went up on the mountain for 40 days.
On day 41, he received the Ten Commandments.
The Israelites wandered in the wilderness for 40 years.
Year 41, they walked into the Promised Land.
Goliath taunted Israel for 40 days.
Day 41 came, and David slew him.
Jonah preached a message of repentance to Ninevah for 40 days.
On day 41, God stopped His plan to destroy them.
Jesus fasted and was tempted for 40 days.
Day 41, and the devil fled.
After His resurrection, Jesus appeared to His disciples for 40 days.
On day 41, He ascended into Heaven.
All this to sayโฆdonโt quit. The rain will stop, the giant will fall, and you will enter your โpromised land.โ Donโt give up at 40.
41 is coming.
After being with my husband since I was 18, Iโve learned men are simple creatures. They just want respect, peace, and yummy food and they will love you unconditionally
@Utuhmbadikee@FabrizioRomano You for wait make him sign for Barcelona finish first na.
You want Barcelona to see dis your tweet come change thier mind?
FEDERAL MINISTRY OF FINANCE
PRESS RELEASE
Abuja, Nigeria โ August 29, 2026
๐๐จ๐จ๐๐ฒ'๐ฌ ๐๐๐ฏ๐ข๐ฌ๐๐ฌ ๐๐ข๐ ๐๐ซ๐ข๐'๐ฌ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐ญ๐จ ๐๐จ๐ฌ๐ข๐ญ๐ข๐ฏ๐, ๐๐๐๐ข๐ซ๐ฆ๐ฌ ๐3 ๐๐๐ญ๐ข๐ง๐ , ๐๐ข๐ญ๐ข๐ง๐ ๐๐ญ๐ซ๐จ๐ง๐ ๐๐ซ ๐๐ฑ๐ญ๐๐ซ๐ง๐๐ฅ ๐๐ฎ๐๐๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐ ๐๐๐๐จ๐ซ๐ฆ ๐๐จ๐ฆ๐๐ง๐ญ๐ฎ๐ฆ
The Federal Ministry of Finance welcomes Moody's Ratings' decision to revise Nigeria's sovereign credit outlook from stable to positive, while affirming the country's long-term foreign and local currency issuer ratings at B3. The action, announced on Friday, August 28, 2026, reflects the tangible impact of the Federal Government's macroeconomic and fiscal reform agenda over the past three years.
Moody's attributed the improved outlook to a markedly stronger external position, underpinned by sizeable current account surpluses, rising foreign exchange reserves, improved functioning of the foreign exchange market, and more effective transmission of monetary policy.
The agency noted that Nigeria's current account surplus is projected to widen to about 6.1 per cent of GDP in 2026, while gross external reserves have risen substantially over the past year, a build-up corroborated by Central Bank of Nigeria data showing reserves climbing to $53.30 billion as of August 26, 2026.
The agency also pointed to stronger-than-expected economic performance, with real GDP growth reaching 4 per cent in 2025 against earlier projections of about 3 per cent, and similar expansion anticipated through 2027, supported by non-oil sector activity and rising oil output. Headline inflation has continued to ease, falling to 15.4 per cent in July 2026 from 25.3 per cent a year earlier.
The rating action follows FTSE Russell's confirmation on August 27, 2026 of Nigeria's reclassification from โUnclassifiedโ to โFrontier Marketโ status, and comes on the heels of S&P Global Ratings' upgrade of Nigeria to B from B- in May 2026, and Fitch's affirmation of Nigeria at B with a stable outlook. Taken together, these actions reflect a converging and increasingly favourable assessment of Nigeria's reform trajectory among the major international rating agencies.
Commenting on the development, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, said: โMoody's positive outlook is an important external validation of the difficult but necessary reforms this administration has implemented, from removing a costly and inequitable fuel subsidy to unifying the exchange rate, and the landmark tax reforms. These decisions are restoring the fundamentals of macroeconomic stability: stronger reserves, a resilient external position, moderating inflation, and more credible policy transmission."
โOur medium-term ambition is to place Nigeria firmly on the path to investment grade. That will require us to sustain the external gains Moody's has recognised, while making faster progress on domestic revenue mobilisation, spending efficiency, and debt affordability. We are committed to doing the work required to get there, not for the rating itself, but because the underlying reforms are what will lower Nigeria's cost of capital, crowd in private investment, and deliver shared prosperity for Nigerians.โ
๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ'๐ฌ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐๐ ๐๐๐๐จ๐ซ๐ฆ ๐ ๐จ๐๐ฎ๐ฌ
The Ministry reaffirms its commitment to the reform priorities that underpin the country's improving credit profile, including:
โข Deepening domestic revenue mobilisation through ongoing tax reform and administration improvements;
โข Sustaining disciplined, market-reflective, and transparent foreign exchange regime;
โข Strengthening public debt management and improving debt affordability metrics;
โข Maintaining fiscal discipline in coordination with the subnational governments; and
โข Advancing structural reforms to support non-oil growth and diversify government revenue.
The Ministry notes Moody's guidance that a further rating upgrade could follow if the recent improvement in Nigeria's external position is sustained, or if revenue reforms succeed in durably increasing government receipts, both of which remain central pillars of the administration's economic strategy.
๐๐ฆ๐ฅ๐ฆ๐ณ๐ข๐ญ ๐๐ช๐ฏ๐ช๐ด๐ต๐ณ๐บ ๐ฐ๐ง ๐๐ช๐ฏ๐ข๐ฏ๐ค๐ฆ
๐๐ฃ๐ถ๐ซ๐ข, ๐๐ช๐จ๐ฆ๐ณ๐ช๐ข
FEDERAL MINISTRY OF FINANCE
PRESS RELEASE
28 August 2026
๐๐๐ ๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐ ๐๐๐ ๐๐๐๐๐๐๐
The Federal Ministry of Finance welcomes the confirmation by global index provider FTSE Russell that Nigeria's capital market will be reclassified from "Unclassified" to "Frontier Market" status, effective from the open of trading on Monday, 21 September 2026.
The decision marks Nigeria's return to the global Frontier Market universe, nearly three years after its exclusion in September 2023, when persistent difficulties in capital repatriation and foreign exchange execution made the market inaccessible to international investors.
The reclassification follows sustained improvements in foreign exchange liquidity, capital repatriation and market accessibility, and reflects the cumulative impact of the Federal Government's macroeconomic and structural reform programme.
The reclassification is an important validation of Nigeria's reform trajectory and a foundation for the next phase of the country's capital market development. It is a meaningful signal to global capital that our market is open, orderly and improving.
It reflects years of disciplined work across government and the private sector to restore confidence in our economy. We see this as a milestone, not a destination. Our ambition remains to build a capital market that is deep, liquid and competitive enough to earn Emerging Market status in the near term.
The Ministry commends the Securities and Exchange Commission, the Central Bank of Nigeria, the Nigerian Exchange Group, the Central Securities Clearing System, and all capital market operators and stakeholders for their sustained collaboration in achieving this outcome. Their coordinated efforts spanning regulatory reform, market infrastructure modernisation and investor engagement have been central to restoring Nigeria's standing among global index providers.
Looking ahead, the Federal Government reaffirms its commitment to working with market regulators and institutions to deepen liquidity, broaden participation and strengthen investor protections, with the medium-term goal of positioning Nigeria for progression to Emerging Market status.
The Ministry will continue to support policies that enhance the depth, transparency and global competitiveness of Nigeria's capital market as a key pillar of the nation's economic transformation agenda.
Signed:
๐๐๐ข๐ฐ๐จ ๐๐ฒ๐๐๐๐ฅ๐
Hon. Minister of Finance and Coordinating Minister of the Economy
โYou are learning how to do construction on our road. I am very disappointed with the concessionaire, but I take full responsibility for the misdeed.โ โ Umahi speaks during his visit to the BeninโAgborโAsaba Road ๐๐ฅ