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Breaking News | Business Panic as multinational companies exit Nigeria, Naira becomes lowest in Africa

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The recent trend of multinational companies, especially oil companies, exiting Nigeria is becoming alarming. Things are gradually deteriorating to the point that foreign investors no longer see potentila in running businesses in Africa.
Recently, micro-blogging platform, Twitter announced that its African headquarters will be situated in Ghana, not Nigeria. The development sparked a bit of controversy with notably public figures like the Minister of Information and Culture, Alhaji Lai Mohammed attributing Twitter’s decision to ‘alleged’ negative actions of Nigerian citizens, including the #EndSARS protest.
Over the past decade, Nigeria welcomed foreign investors into its oil and gas industry, both as players in the market and as financers. However, in the last few years, there appears to be a growing trend of foreign investment and businesses exiting the country. ....

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Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria

Why Shell, Chevron, Other Oil Majors Are Leaving Nigeria
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