Nigeria, April 24 -- The Director-General of the Debt Management Office (DMO) on Wednesday said Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index (GBI) and renew investors' confidence.

Ms Oniha made this disclosure at a Nigerian Investors' Forum held on the sidelines of the World Bank and International Monetary Fund (IMF) Spring Meetings in Washington, D.C.

The DMO boss explained that Nigeria has enjoyed favorable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria (CBN).

Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings (IDRs) of seven Nigerian banks and two bank holding companies to 'B' from 'B-', ...