Home Latest Insights | News Correlation between Nigeria’s balance of trade and Naira FX paralysis

Correlation between Nigeria’s balance of trade and Naira FX paralysis

Correlation between Nigeria’s balance of trade and Naira FX paralysis

I promised to provide this plot – the correlation between the balance of trade and the FX Naira paralysis. You can see that the demons are cousins!

Companies in Nigeria spend over $55 billion on foreign professional services in a decade.

The FDI remains low for the nation.

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Sources: NESG, Prof Salami, NBS, Nairametrics

 


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