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
