Home Procurement NewsForeign Holdings Lose $13 Billion As The Naira Falls And Corporations Flee

Foreign Holdings Lose $13 Billion As The Naira Falls And Corporations Flee

December 2, 2024•

Foreign ownership in Nigeria fell to $12.8 billion between 2022 and 2023 due to the currency crisis and corporate withdrawals. The World Investment Report 2024 states that foreign holdings in Nigeria decreased from $86.2 billion in 2022 to $73.4 billion in 2023. Nigeria’s stock of outbound foreign direct investments (FDI) decreased somewhat from $18.3 billion […]

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Last modified: December 2, 2024

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