Despite Buhari’s Forex Ban, Food Imports Gulps $1.24bn       Food products imports gobbled up $1.24bn of the foreign exchange supplied by the Central Bank of Nigeria from October 2020 to March 2021 despite the ban directive from President Muhammadu Buhari. The foreign exchange used for the importation...

Foreign Investment In Nigerian Stocks Drop To N60.11bn     Foreign portfolio investment in the Nigerian stock market dropped by eight per cent in the first quarter of 2021 to N60.11bn from N65.27bn in the same period of 2020. Foreign investors injected N16.73bn into the stock market in...

Investors Lose N274bn As 23 Firms’ Share Prices Drop     Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw their share prices drop at the end of trading. The Nigerian Stock Exchange All-Share Index fell by 1.33 per cent to 38,781.48 basis...

Analysts Forecast Decline In T-bills, Bond Yield   Analysts at Cordros Capital Limited have said yields on Treasury bills and bonds are expected to decline by about 100 to 150 basis points. The Head of Research, Cordros Capital, Jolomi Odonghanro, while speaking during the unveiling of the...

The Nigerian equities market has recorded negative performance two months after the implementation of a flexible foreign exchange (FX) policy by the Central Bank of Nigeria (CBN). This is contrary to expectations that the policy will spur inflow of foreign portfolio and domestic investors...