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FOREIGN PORTFOLIO INVESTMENT
The Covid-19 economic lockdown impacted negatively on investor inflow into Nigeria.
The liquidity based indicators of the nation remain a concern, as they make Nigeria’s low debt-to-GDP ratio highly vulnerable to shocks.
The publication from the NBS disclosed that capital imported into the Nigerian economy declined in the third quarter by 7.8%.
The Nigerian Stock Exchange (NSE), as at Friday, August 30, 2019, recorded total transactions of N121.99 billion
The Nigerian Naira has faced upside pressure since the start of the third-quarter as the Naira exchange rate to the dollar on the Investors and Exporters’ (I&E) window has depreciated by 1% to N363.68/$ from N360.74/$ at the end of the second quarter.
Total capital importation into the Nigerian economy grew 35% y/y to US$8.5bn in Q1 2019, representing the highest quarterly inflow since Q3 2014 (US$12.2bn).
IMF calls on Nigerian government over Naira defense
The report shows a fourth successive quarterly growth in Capital Importation into Nigeria, since the second quarter of...
The Nigerian Stock Exchange (NSE) has disclosed that Nigeria's Foreign Portfolio Investment increased by 59% in March to...
Data from the National Bureau of Statistics reveal Nigeria attracted a total of $12.2 billion for the year...