Bloomberg: Nigeria Emerges Biggest Climber, Jumps 4 Places to 8th Most Investable African Economy

Nigeria has climbed four places to the eighth position among African economies in the 2026 Bloomberg Economics Investment Risk-O-Meter. This significant rise is attributed to improvements in economic strength, fiscal position, and external vulnerability. The country has moved ahead of Rwanda, Tanzania, Kenya, and Namibia, with Mauritius taking the top spot.

Nigeria's growth has remained positive throughout the assessed period, with growth rates of 3.85 percent in 2025, 3.89 percent in Q1 2026, and 4.43 percent in Q2 2026. The Bloomberg ranking reflects Nigeria's relative position among African markets, rather than making it a low-risk investment destination. South Africa and Botswana have slipped in their rankings due to weaker economic-growth prospects.

Mauritius has topped the list, underscoring its relative strength. Nigeria's fiscal strength has improved due to higher crude oil production, stronger non-oil revenues, and tax base broadening. However, the country still faces significant fiscal, infrastructure, and institutional challenges, including high debt-service costs and persistent budget deficits.