PE & Fundraising

Stable naira to lift PE activity in 2018

by Lolade Akinmurele

February 7, 2018 | 3:48 am
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In this photo taken Tuesday Oct. 20, 2015, a money changer counts Nigerian naira currency at a bureau de change, where a dollar buys 222 naira compared to the official rate of 198, in Lagos, Nigeria. The IMF is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and economic outlook for Africa's biggest oil producer and economy. Analysts said there's disappointment that President Muhammadu Buhari's long-awaited Cabinet list includes no economic stars. The naira has lost 25 percent of its value in the past year and the stock market has plummeted because of political uncertainty and halved prices for oil that provides most government revenue.(AP Photo/Sunday Alamba)

As the exchange rate volatility that saw the naira surrender half its value against the dollar in 2016 cools, the business case for Nigeria is perhaps steaming hot. In this interview, senior members of the private equity team of Lagos-based legal powerhouse, Udo Udoma and Belo Osagie (UUBO), talked to Lolade Akinmurele on recent trends…

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by Lolade Akinmurele

February 7, 2018 | 3:48 am
  |     |     |   Start Conversation

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