Market News

Summary - Dollar shortages that once crippled trade and investment are easing, thanks to sweeping reforms by the Central Bank of Nigeria. From manufacturers to bankers, confidence is creeping back into the economy. But is this newfound liquidity here to stay, or just a fragile calm before another storm? Two years after Nigeria floated its currency, signs of recovery are beginning to emerge in an economy long stifled by chronic dollar shortages, offering businesses a long-awaited sigh of relief. The prolonged scarSummary - Dollar shortages that once crippled trade and investment are easing, thanks to sweeping reforms by the Central Bank of Nigeria. From manufacturers to bankers, confidence is creeping back into the economy. But is this newfound liquidity here to stay, or just a fragile calm before another storm? Two years after Nigeria floated its currency, signs of recovery are beginning to emerge in an economy long stifled by chronic dollar shortages, offering businesses a long-awaited sigh of relief. The prolonged scar