Study: Nigerian Cryptocurrency Foreign Investment Hit Record Low
The Nigerian National Bureau of Statistics (NBS) reported on Tuesday that foreign direct investment (FDI) in Nigeria fell by 33% last year due to a severe shortage of U.S. dollars, which hindered crypto companies from expanding into the country. In 2022, investment fell to $468 million from $698 million the previous year. Foreign direct investment has fallen about 90 percent since a peak of $4.7 billion in 2008, the data showed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.