Portfolio investments evade Nigeria as stock market posts N676.53bn turnover

Portfolio investments evade Nigeria as stock market posts N676.53bn turnover

Portfolio investments evade Nigeria as stock market posts N676.53bn turnover     The waning appetite of foreign investors in the Nigerian equities market is fast fading to insignificance with a deeper dip during the first quarter of this year, leaving their local counterparts to dominate transactions during the period. According to the latest portfolio investment data obtained from the Nigerian Exchange Limited, the stock market recorded an aggregate turnover of N676.53 billion in the quarter under review, higher by 7.92 per cent than N626.87 billion posted in the same period…

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Insecurity, COVID-19 drain Nigeria’s FDI to $65m from $750m

Insecurity, COVID-19 drain Nigeria’s FPI to $65m from $750m

Insecurity, COVID-19 drain Nigeria’s FDI to $65m from $750m     Foreign Direct Investment (FDI) inflow to Nigeria dropped to $65m as of the end of the fourth quarter of 2020 from $780m as of the end of third quarter. Figures obtained by our correspondent from the Central Bank of Nigeria’s economic report in the fourth quarter revealed. Part of the report read, “Foreign Direct Investment inflow declined to $0.65bn, relative to $0.78bn in the previous quarter, as both equity and reinvested earnings declined during the review period, occasioned by…

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Lull at NSE as July’s investment turnover tumbled to N103bn

FGN savings bond

Expatriates continue to shun market Investors’ engagement at the Nigerian Stock Exchange (NSE) suffered noticeable decline in July as trade turnover for the month shrank to show loss risk appetite particularly by foreign investors. The development was in contrast with relaxed lockdown and other measures put in place to restart the Nigerian economy after a breakdown created by Coronavirus pandemic. Based on the latest report released today by the management of the bourse, turnover suffered decline as trade value stood at N103.21 billion, 19.92 per cent lower than N128.88 billion…

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Foreign investors keep shunning Nigerian stocks

Outflow, foreign investors, Nigerian stocks, FPI,

Net outflow soar to N131bn in 5 months ____________________________________________________ Increasingly, the disinterest and loss of enthusiasm of foreign investors in staking their fortune on equities at the Nigerians Stock Exchange (NSE) is alarming. Already, their withdrawal from the market over the years has brought their local counterparts to the limelight as the golden sons of the market as they are now responsible for the overwhelming percentage of transactions at the bourse. This is again supported by the latest foreign portfolio investment (FPI) report released by the NSE for the month…

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