Why Are Multinational Businesses Leaving Nigeria?

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Bloomberg Quicktake

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Why Are Multinational Businesses Leaving Nigeria?


Nigeria’s currency crisis has triggered an exodus of businesses from the country. At least four multinationals, including GSK Plc, Bayer AG and Sanofi SA, have announced they’re ending production, as a scarcity of dollars, a naira in freefall and rampant inflation slashes profits. Bloomberg’s Jennifer Zabasajja reports.

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