Investors adopt risk-proofing measures after FX crisis

Investors adopt risk-proofing measures after FX crisis

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Nigeria’s first economic recession in 25 years, in the second quarter of 2016, caught several investors and consumers unprepared. The attendant foreign exchange (FX) crunch left many businesses gasping for breath. “At times the only way to access FX was through the black market and this led to a tripling of costs in some cases,”…

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