Foreign Portfolio Investments Drop By 40.4% In Q1, 2021       Foreign portfolio investments (FPIs) in Nigeria dropped by 40.35 per cent to N150.23 billion in the first quarter of the year as against N251.87 billion recorded in comparable quarter of last year. Nigeria’s latest FPI report obtained...

Nigeria’s Trade Deficit Rises By 49% To $2.5bn     The nation’s trade deficit rose month-on-month by 49 percent to $2.5 billion in January from $1.69 billion in December last year even as foreign trade stood at $8.14 billion during the period. Also capital importation dropped by 31...

In 11 Months, Foreign Stock Investors Withdrew N433.15bn – NSE         Foreign investors pulled out a total of N433.15bn from the nation’s stock market from January to November this year, compared to N481.96bn in the same period of 2019, a new report by the Nigerian Stock...

Banks’ Income From Forex Trading Rose By 114% To N145bn         Notwithstanding the sharp depreciation of the Naira and the acute dollar shortage in the economy, income from foreign exchange trading by Nigeria’s top banks rose sharply by 110 percent, year-on-year, to N145 billion in the...

Six Lending Banks Boost Economy With N1.3trn Credit In 2020         Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy...

Foreign Portfolio Investments Fall By N178.7bn In Q3         Foreign portfolio transactions in the Nigerian markets declined by N178.66billion to N510.25 billion by third quarter 2020 as foreign investors continued selloff amid concerns over foreign exchange control, illiquidity and other macroeconomic risks. Latest foreign portfolio investment (FPI)...