Market News
Floating naira lures British schools to Nigerian shores
Two years after Nigeria let its currency float, the economic fallout is reshaping the education landscape. As foreign schooling slips out of reach for many, elite British boarding schools are landing on Nigerian soil and betting on the country’s vast youth market. Nigeria’s decision to float the naira in 2023, a move that unleashed a sharp devaluation of the currency, has triggered short-term economic pain but is making the country more competitive and attractive to foreign investors, including British private schools. The Central Bank ofTwo years after Nigeria let its currency float, the economic fallout is reshaping the education landscape. As foreign schooling slips out of reach for many, elite British boarding schools are landing on Nigerian soil and betting on the country’s vast youth market. Nigeria’s decision to float the naira in 2023, a move that unleashed a sharp devaluation of the currency, has triggered short-term economic pain but is making the country more competitive and attractive to foreign investors, including British private schools. The Central Bank of
