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U.S. dollar scarcity remains key challenge for Nigeria’s corporate sector

Dollars
Dollars

U.S. dollar scarcity remains key challenge for Nigeria’s corporate sector

 Expects foreign investment inflows to be constrained until parallel market Naira per U.S. dollar exchange rate moves closer to the official rate

While subdued U.S. dollar supply remains a key challenge for corporates in Nigeria , growth prospects over the next three years are attractive

Investors hesitant to invest capital into Nigeria as long as there is uncertainty around propensity for further devaluation of Naira versus dollar

Expects Nigerian consumers’ purchasing power to remain under pressure over the next 18 months

Nigeria remains the largest economy in Sub-Saharan Africa on a purchasing power parity basis, offering a sizeable market for corporate

Foreign capital inflows into Nigeria are unlikely to rebound strongly as the existence of a parallel market acts as a deterrent

 

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