Nigeria’s recent reforms—including the removal of fuel and electricity subsidies, the unification and liberalization of the foreign-exchange regime, and a tighter monetary policy with higher interest rates—are beginning to yield results. These measures have helped stabilize the naira, narrow the gap between official and parallel exchange rates, and restore investor confidence. The Central Bank has returned to orthodox macroprudential tools, halted monetary financing, and rebuilt foreign reserves to over $40 billion. Meanwhile, efforts to boost tax revenue and implement World Bank–supported cash transfer programs are helping cushion the impact on vulnerable populations.

As a new German government begins to shape its partnerships with African countries, Nigeria—Africa’s most populous nation and largest economy—must not be overlooked. With the next session of the German-Nigerian Binational Commission set to take place in Germany later this year, Afrika-Verein - in cooperation with AHK Nigeria and Stren & Blan - is pleased to invite you to the AV Expert Circle Nigeria: Update on Africa’s Giant, on June 25th, 2025, from 09:30 to 10:30 AM (AV Office & online).

Following updates on Nigeria’s economic developments and outlook from Andreas Voss, Chief Country Representative Nigeria at Deutsche Bank AG, and Ozioma Agu, Partner at Stren & Blan, we look forward to your questions and an open discussion on the priorities for the upcoming German-Nigerian Binational Commission.

Register HERE and shape the German-Nigerian partnership with us.

The event will take place in English. Participation is free of charge for AV and AHK members and/or clients of Deutsche Bank and Stren & Blan. Non-members pay a fee of 50,- EUR incl. VAT.