Search

Nigeria Rebuilding Investor Confidence After FX Crisis

Allen dreyfus Logo
© Allen Dreyfus
  • Nigeria engages global investors to restore confidence after 2020 dollar squeeze
  • Market-friendly reforms, including currency liberalisation, attract renewed interest

Lagos, Nigeria – Nigeria is rapidly reversing the investor confidence erosion triggered by a severe dollar squeeze in 2020, when a pandemic-induced oil crash slashed oil revenue—responsible for nearly 80% of the country’s foreign exchange earnings—making it difficult for investors to repatriate funds.

Recent Business

Lagos, Nigeria. © Unsplash
Nigeria holds key interest rate at 27% as inflation pressures persist
Read More »
Image of oil refinery at night across the sea. Photo @Unsplash
Kenya approves $6.1 billion oil project after Tullow exit
Read More »
Mine site Photo © Unsplash
Qatar seals $500mn Ivanhoe Mines deal to secure Africa’s critical minerals
Read More »

Recent Politics

A public school in Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Nigeria shuts schools in northern region as mass kidnappings surge
Read More »
Yaoundé, Cameroon © Unsplash
Cameroon opposition leader Tchiroma flees to Gambia after disputed election
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Samia’s family picks ignite Tanzania nepotism storm
Read More »

Latest Posts

Latest news insights