Foreign Investors Decline Holdings in Nigerian Stocks by 58% Foreign portfolio investors (FPI) scaled down their investments in Nigerian’s stock market to N53.71 billion in the first quarter of 2023, Q1’23, following concerns around rising socio-political risks, increased naira volatility among others. This represents a 58.3...

Foreign Investment Outflow On NGX Rises To N122.97bn   As uncertainty continued to mount over general elections and global economic unrest, foreign investment outflow on the Nigerian Exchange Limited (NGX) increased to N122.97billion in first half (H1) of 2022, representing an increase of 5.4 per cent...

‘Naira Depreciation Could Rekindle Foreign Portfolio Investors’ Interests’   Analysts in Nigeria’s financial sector have expressed optimism that the Central Bank of Nigeria’s (CBN) adjustment of the Foreign Exchange (FX) rate to N380 to $1, could rekindle the interest of foreign portfolio investors in the country’s...

Under Buhari, Foreign Portfolio Investors withdraw N1.87trn   Since the beginning of the Muhammadu Buhari-led administration in 2015, foreign portfolio investors have withdrawn a total of N1.87tn. Foreign portfolio investors have withdrawn a total of N1.87tn in four years, starting from June 2015, after President Muhammadu Buhari...