Foreign holdings in Nigeria dropped to $12.8 billion between 2022 and 2023 due to naira woes and corporate exits in the nation.
Foreign holdings in Nigeria fell from $86.2 billion in 2022 to $73.4 billion in 2023, according to the World Investment Report 2024.
Nigeria’s outward foreign direc
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
