Nigeria to halt $850m capital flight

Guardian | 20-05-2026 08:02pm |

Nigeria has initiated measures aimed at achieving digital sovereignty and addressing significant foreign exchange leakages estimated at over $850 million. This move is part of a broader strategy to strengthen the nation's economy by reducing reliance on foreign currencies and enhancing local financial systems. The government is expected to implement policies that will curtail capital flight and promote the use of domestic resources.

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