• Friday, December 13, 2024
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Volatile naira sours South African investors’ appetite for Nigeria

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Volatile naira sours South African investors’ appetite for Nigeria LOLADE AKINMURELE South African business owners recognise the vast potential of Africa’s most populous nation, but many are hitting a roadblock—the unpredictable swings of the naira. With dreams of tapping into Nigeria's bustling market, these investors find themselves at a crossroads, wary of riding the waves of currency chaos. “Nigeria is a large and attractive market but the unpredictable swings of the naira make it scary to go in there,” Stephane Cohen, a busines