Will FX reforms whet investor appetite?

Last week, the Stears Insights team rounded off its series on the FX reforms’ impact. Nnamdi Ifechi-Fred started the week by examining how startups would be affected by the reforms which involved collapsing the country’s multiple trading FX windows. Specifically, he highlighted the changes in reporting obligations for startups that have raised investment. You can read his insightful article here.

In addition to that, Yomi Ajayi provided a capital market perspective on the reforms. He discussed their potential to attract foreign investors back to Nigerian bonds and equities and proposed strategies for the Tinubu-led administration to enhance confidence in the Nigerian economy and boost investment flows. Check out his piece here.

To wrap up the week, we compiled a list of our must six reads from the past six months. Here are the highlights:

1. Stears energy tracker: Post subsidy, energy prices have reached unprecedented highs and fluctuate across different states. However, our energy tracker provides a simple solution by allowing you to easily access the latest monthly prices for four essential commodities: petrol, diesel, cooking gas, and kerosene. 

2. Explainer: Nigeria's new unemployment methodology: We provided a comprehensive explanation of the implications of Nigeria's new unemployment methodology.

3. What’s the impact of a Tinubu Presidency on the financial markets? With the announcement of Bola Tinubu as Nigeria’s new president, we assessed the future of Nigeria's financial markets by drawing insights from past trends.

4. Currency fluctuations push Unilever Nigeria to a tough decision: In April, Unilever Nigeria revealed plans to downsize its operations due to the challenging business environment. This analysis delves into the severity of the situation for Unilever Nigeria and its broader implications for the Nigerian economy.

5. Dangote, BUA, and Lafarge: Titans of the cement industry in Nigeria: Explore how Nigeria's leading cement producers are spearheading the country's development in this insightful piece.

6. Assessing Tinubu's exchange rate reforms: We explored what businesses should expect from the new CBN exchange rate policy. 

Until next Sunday, 

Jeremiah from Stears.