Foreign Exchange Market Regulations in Nigeria

Michael Orimobi sees Nigeria as Africa’s second largest market and a gateway to the African business hub with a population of over 170 Million Nigerians transacting business accounting to over $400bn yearly. Nigeria like other developing countries of the world makes sincere efforts to attract foreign investments into her country. The reason is usually attributed to the need to bring in capital and create employment opportunities. As a result Nigeria has over 24 strong banks and functional stock market including a robust financial institution. This has therefore led to the liberalisation of the financial sector in Nigeria.