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Naira stabilisation supports French companies in Nigeria

By , based on RFI

Naira stabilisation supports French companies in NigeriaFrankvEck · CC BY-SA 4.0

More than 100 French companies operate in Nigeria, France's leading trading partner in sub-Saharan Africa, despite sharp fluctuations in the naira. The currency has stabilised over the past year and a half, and the Dangote refinery could improve access to foreign currency, according to RFI, which also reports investors' concerns about exchange-rate risk.

The stabilisation of the naira over roughly the past year and a half has improved the prospects of French companies operating in Nigeria, where more than 100 French companies are established, according to RFI. The Nigerian currency nevertheless remains exposed to fluctuations, which concern investors.

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