Recap & Outlook: Current facts about Nigerian  economy

Nigerian Economy

Recap & Outlook: Current facts about Nigerian  economy By Cordros  Capital Analysts According to the data released by the National Bureau of Statistics (NBS), capital importation into Nigeria in Q3-20 plummeted by 74.0 y/y to USD1.46 billion (Q2-20: USD1.29 billion), as foreign investors continue to move to limit their exposure to the country amid the low yield investment environment and FX liquidity constraints.Compared to a quarter ago, we note that capital importation increased by 12.9% (Q2-20: -77.9% q/q). We highlight that Foreign Portfolio Investment (FPI) declined by 86.5% y/y to…

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