Atiku Abubakar Sounds Alarm as Nigerian Exchange Records N266 Billion Foreign Capital Flight - streamlinefeed.co.ke
Atiku Abubakar Sounds Alarm as Nigerian Exchange Records N266 Billion Foreign Capital Flight - streamlinefeed.co.ke
Source: streamlinefeed.co.ke
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DW NOTE
Nigeria has lost N266 billion in foreign capital this year while the naira has devalued four times since 2020. Each outflow follows the same script: foreign investors price in currency risk, exit equities, and wait for the next IMF-mandated devaluation before considering re-entry. The pattern isn't investor jitters — it's rational actors fleeing a managed float that only floats downward.