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Nigeria Rebuilding Investor Confidence After FX Crisis

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  • 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.

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