• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets

Bulls agog as reports reveal $1.5 billion imported into Nigeria last week

Ugodre Obi-chukwu by Ugodre Obi-chukwu
August 5, 2017
in Markets, Stock Market
Nigerian stocks
Share on FacebookShare on TwitterShare on Linkedin

Capital importation into Nigeria is reported to have tripled to about $1.5 billion as foreign investors rushed in to pick up cheap Nigerian assets.

According to a Reuters article, traders claimed the import was about 3 times the $502 million imported a week earlier.

Who got the inflow

A significant portion of the inflows found its way into the stock market with Dangote Cement leading the way with about $236 million in equity investment. Dangote Cement earlier in the week sold a 2.3% stake in equity to a strategic investor, in a deal that propelled its share price to a year high of about N242 per share.

RelatedStories

Nigerian Imports,Drugs

Nigeria’s capital importation falls by 51.90% in Q3 2024 

December 7, 2024
Nigeria’s first domestic dollar bond records 180% subscription 

Capital importation: Foreign investors prefer “hot money” over FDI as money markets gulp $2.68billion  

October 17, 2024

The Nigerian Stock market has attracted significant local participation in the past few weeks as retail investors who anticipated the return of foreign investors, picked up stocks with relatively low valuations immediately after the investor window was announced.

As expected, most of the foreign investors have started coming back into Nigeria and picking up stocks that are traditional within their radar. Prices of the likes of Nestle, Unilever, FUGAZ, Nigeria Breweries have gained significantly over the last few weeks due to foreign investor participation.

Effect of Investor Window

The recent bullish run in the Nigerian Stock market is mostly attributed to the opening of the investor, exporter window by the CBN in April this year. The window was created as an option for foreign investors or exporters, looking to import forex into Nigeria at a rate that is not determined by the Central Bank of Nigeria. The window is partly operated by the FMDQOTC, a market place for bonds, forex and other investment securities (except equities).

Liquidity in the window is said to have improved over the last few months, leading to a declaration by the FMDQ that investors quote rates based on NAFEX rather than by phone calls as previously allowed.

 

Tags: Capital importationNAFEXNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Related Posts

Nigerian Imports,Drugs
Economy

Nigeria’s capital importation falls by 51.90% in Q3 2024 

December 7, 2024
Nigeria’s first domestic dollar bond records 180% subscription 
Economy

Capital importation: Foreign investors prefer “hot money” over FDI as money markets gulp $2.68billion  

October 17, 2024
World Investment Report: Global foreign direct investment decrease to $1.3 trillion in 2023, Africa’s share just $53 billion
Economy

10 countries with highest foreign investments into Nigeria in Q2 2024

October 10, 2024
Drug import, GSK
Economy

Sectors that attracted the most foreign investment in Nigeria 2024 Q2

October 10, 2024
Yemi Cardoso ,CBN Gov
Economy

Nigeria’s capital importation hits $5.92 billion in six months – Cardoso 

July 23, 2024
Nigeria may re-introduce telecom tax to obtain new $750 million World Bank loan 
Sectors

Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS

July 2, 2024
Next Post
livestock feeds

Is this who sold 4.4% equity stake in Livestock feeds?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • GTB, UBA resume international transactions on naira cards with varying spending limits 
  • World Bank Appoints Mathew Verghis as Country Director for Nigeria 
  • 10 African Central Banks exploring digital currencies in 2025 

Follow us on social media:

Recent News

Nigerian bank customers risk financial losses by exposing ATM card numbers—Zecharia Akinpelu

GTB, UBA resume international transactions on naira cards with varying spending limits 

July 4, 2025
World Bank Appoints Mathew Verghis as Country Director for Nigeria 

World Bank Appoints Mathew Verghis as Country Director for Nigeria 

July 4, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics