Nigeria reinstates fuel subsidies to cushion against naira weakness: IMF

Nigeria reinstates fuel subsidies to cushion against naira weakness: IMF

Government partially reversing subsidy removal amid cost of living crisis Resumed fuel subsidies could cost up to 3% of GDP in 2024; IMF Traders note artificially low retail prices as naira devalues

Naira depreciation linked to exit of foreign portfolio investors in Nigeria

Arnold Dublin Green, CEO of Cordros Capital, has attributed the recent depreciation of the naira to the exit of foreign portfolio investors (FPIs) from Nigeria’s financial markets. The post Naira depreciation linked to exit of foreign portfolio investors in Nigeria appeared first on Nairametrics.