African countries have invested $4.23bn (N1.95tn at the Central Bank of Nigeria’s exchange of N460.93 to a dollar) in Nigerian firms and businesses in the last three years.
countries have invested $4.23bn in Nigerian firms and businesses in the last three years.
South Africa is the largest African investor in Nigeria, with $2.34bn invested in the time under review. This is as many South African businesses in areas such as telecommunications, engineering, banking, retail, and more have found a home in Nigeria. The second largest African investor in Nigeria was Mauritius which invested N583.66bn . Sustainable Capital Limited, an owner-managed investment manager based in Moka, Mauritius raising its equity stake in Seplat Energy Plc to 8.93 per cent from 7.79per cent in 2022.
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