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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