Foreign investors have been staying off the Nigerian equities market lately, opposing attractive valuations on some of Nigeria’s blue-chip firms.
The Central Bank of Nigeria, in a note issued to Bureau De Change operators (BDCs) in the country, suspended the sales of foreign currency for two weeks.
The central bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1.
The Investors’ and Exporters’ (I&E) Forex window of the CBN has facilitated the influx of over $60 billion in the Nigerian economy.
