‘Investment environment to remain volatile, uncertain in H2’

The overall investment environment in the second half , 2024, has been projected to remain volatile, uncertain and complex, even as the challenging business environment stemming from high interest rates, foreign exchange crisis and high cost of energy is expected to continue to pose a drag on output growth rate.

He stressed the need for investors to adopt diversification, hedging and long-term perspective to investment. He pointed out that a strong appreciation of the Naira in H2 2024 may not be realised due to several factors including low oil receipts owing to NNPC’s crude for dollar loans and speculative activities in the Foreign exchange market on account of elevated inflation.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

African Natural Resources and Energy Investment Summit, AFNIS 2024, holds in AbujaThe summit, with the theme ‘Natural Resources for Economic Development,’ will hold from 16th to 18th July, 2024 at the State House Conference Centre, Abuja, Nigeria
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigeria’s foreign investment in telecoms surged to $191m in Q1 2024The Nigerian economy has received a significant investment boost in the first quarter of 2024, courtesy of the telecommunication subsector. Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, acknowledged this development, citing data from the Nigeria Bureau of Statistics (NBS).
Source: DailyPostNGR - 🏆 11. / 59 Read more »