Investment offers protection against naira depreciation.

The entities involved

• naira →

  currency of the Federal Republic of Nigeria

  • FTSE Russell assessed Nigerian market maturity and operational standards, noting that economic reforms are driving currency gains.Wed 15:57
  • Subsidy reversal is pressuring the naira to depreciate in Nigeria.Tue 09:17
• Dangote Group →

  Nigerian industrial conglomerate

  • Aliko Dangote, president of Dangote Group, whose company operates a refinery in Nigeria, plans to expand its energy support into East Africa by building a new refinery in Kenya.Wed 17:13
  • Dangote Group hosted an ECOWAS meeting in Lagos, where the bloc sought IFC funding for various projects.Tue 12:42

Related events

• Real estate investment in Nigeria uses naira.Sep 13
• Naira weakness in Nigeria is causing negative impacts on operational costs and claims.Jun 7
• Land transactions in Nigeria are currently valued using the Naira currency.Mon 23:58
• The International Monetary Fund warned on the valuation of the naira as the Central Bank of Nigeria managed external reserves to defend the currency.Jun 23
• Naira depreciation in Nigeria is increasing the cost of imports.Jun 14