The Central Bank of Nigeria has said that it will give priority to foreign investors seeking to repatriate their profits and dividends. The CBN Governor, Godwin Emefiele, said this on Wednesday at the Nigerian International Partnership Forum in Paris. The apex bank in a bid to boost foreign reserves has …
Read More »Nigeria Records $85.21 Billion Net Foreign Liabilities – IMF
Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International Monetary Fund has said. From 2016, Nigeria’s foreign liabilities jumped by 42.41 per cent from $131.56bn, while foreign assets rose by 13.67 per cent from $89.87bn. Foreign assets are the …
Read More »Foreign Investors’ Interest in Nigeria Drops by 27.5%
Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments Promotion Commission showed. The sum pledged by foreign investors in Q1 2021 is 27.5 per cent …
Read More »Attracting Foreign Investors Critical to Building External Reserves – Commercio Partners
Commercio Partners have called for measures to attract foreign investors into the country saying this is critical to building the external reserves, achieving low yields in fixed income and making the equities market attractive. Meanwhile the company has indicated its intention to obtain a regional banking license as part of …
Read More »Foreign, Local Investors Withdraw N90.12bn, N248.94bn from Nigerian Stock Market in Q1 2021
Foreign and domestic investors pulled out a total of N339.06bn from the Nigerian stock market in the first three months of this year, the latest data from the Nigerian Exchange Limited have shown. The data also showed that foreign portfolio investors sold Nigerian stocks worth N90.12bn in the first quarter …
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