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Nigeria s Naira Hits New Low and Narrows Gap With Street Rate

Nigeria s Naira Hits New Low and Narrows Gap With Street Rate
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Naira devaluation lures foreigners back into Nigeria s stocks market

Naira devaluation lures foreigners back into Nigeria s stocks market
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Foreign investors eye cheap Nigerian assets as currency devaluation weakens purchasing power

Foreign investors eye cheap Nigerian assets as currency devaluation weakens purchasing power
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Nigeria s Naira Devaluation Lures Foreigners Back Into Nation s Stocks

(Bloomberg) Last month’s currency devaluation in Nigeria is bringing foreign investors back to the nation’s stock market.Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitChina Slides to Brink of Deflation, Adding Stimulus UrgencyOverseas investment flows hav

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Nigeria s naira devaluation lures foreigners back into nation s stocks

Foreign investors are coming now because they believe they are taking a position on the future, said Adetilewa Adebajo.

United statesTatonga rusikeAdetilewa adebajoBola tinubuNigerian exchangeWorld bankPresident bola tinubuWest africanAmerica sub saharan africaShare indexSamuel suleRenaissance capital