Economics
Nigeria Bourse Chief Calls for Naira Clarity After Trading Curbs
- Investment requires confidence in exchange rate, Onyema says
- Tax breaks should be given to companies choosing to list
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Nigeria’s stock exchange chief called for greater clarity on the naira and the new government’s fiscal policy as foreign investors stay away from Africa’s biggest economy amid currency trading restrictions.
“Investors don’t like uncertainty around the environment in which they are going to operate, uncertainty around the currency,” Chief Executive Officer Oscar Onyema said in an interview in London on Thursday. “We believe that the government is aware because it’s hearing it from multiple sources. We have made similar statements.”