Foreign Portfolio Investment In Nigeria’s Equities Drop By 50.7%         Foreign investors’ confidence in the Nigerian equities market has continued to wane as their participation in the market fell by a huge 50.74 percent to N20.02 billion at the end of April 2021 from N40.64 billion...

'Foreign Investors’ Trapped $2bn Dragging Down External Reserves'       The clearing of foreign portfolio investors’ funds that have been trapped in Nigeria for months on the back of foreign exchange scarcity is putting downward pressure on the country’s external reserves. The International Monetary Fund had in February...

WorldRemit Supports CBN’s Extension Of Naira-4-dollar Scheme       WorldRemit, a global cross-border payments company, has expressed support for the Central Bank of Nigeria’s decision to extend the deadline of the Naira-4-Scheme that was introduced in March this year. The CBN had on May 6 announced that it...

CBN To Place Wheat, Sugar On Forex Restriction List     The Central Bank of Nigeria (CBN) is working to include sugar and wheat on the list of commodities that will be banned accessing foreign exchange (FX). CBN Governor Godwin Emefiele made this disclosure on Thursday in Awe,...

Forex Scarcity Cripples Local Airlines, Spike Airfares     The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity to dwindle and hitting up airfares. The Economic Confidential, yesterday, learned that operators in the aviation sector have not...

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...