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Foreign Investor Dollars in Lockdown in Nigeria Debt Market

By
Updated on
  • Country’s reserves under pressure as crude prices plunge
  • Debtholders await regulator’s dollar sales after lockdown
An aerial view shows empty streets during lockdown in Lagos.

An aerial view shows empty streets during lockdown in Lagos.

Photographer: Pierre Favennec/AFP via Getty Images

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Foreign investors are trapped in Nigeria’s debt market as dollar liquidity dries up due to a lack of fresh inflows.