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Nigeria Records First Foreign Portfolio Surplus In Five Years

Nigeria Records First Foreign Portfolio Surplus In Five Years   Nigeria’s foreign portfolio investments (FPIs) status has witnessed a major turnaround with yearly inflows outweighing outflows for the first time in five years. Latest annual trading data on FPI showed that foreign investors bought more Nigerian stocks...

Despite Foreign Investors’ Exit, Stock Market Gained N5.62trn In 2022

Despite Foreign Investors’ Exit, Stock Market Gained N5.62trn In 2022   Despite the economic challenges faced by the country in 2022, the stock market arm of the Nigerian Exchange Group (NGX) remained resilient as it gained N5.62 trillion in the past year. In terms of value, the...

Foreign Investors Deepen Interest For Nigerian Stocks

Foreign Investors Deepen Interest For Nigerian Stocks   Foreign portfolio investors’ appetite for Nigerian equities is increasing with more transactions on the purchase side than sell side. The latest foreign portfolio investment (FPI) report showed that FPI inflows outweighed outflows by 27 per cent at the last...

Nigeria Air Attracting More Foreign Investors, Says FG

Nigeria Air Attracting More Foreign Investors, Says FG   The proposed national carrier, Nigeria Air, is currently attracting a lot of investors, as many organisations are showing interest to invest in the airline, the Federal Government said on Tuesday. It stated that the recent offer by...

Millionaires in Nigeria Disadvantaged as UK Revokes Golden Visas

The UK government is about to scrap a visa policy that allows rich foreign investors to have quick visa approvals. The United Kingdom is set to scrap visas offering rich foreign investors fast-track residency in the country. This comes as pressure mounts on the UK...

Foreign Investors Push Nigerian Equities To N417bn Gain

Foreign Investors Push Nigerian Equities To N417bn Gain   A flood of open market orders by foreign investors yesterday pushed Nigerian equities to their second consecutive bullish trading session, with net capital gains of N417 billion in six-hour trading session. Benchmark index for the Nigerian stock market...