Economy And Business

BREAKING: Nigeria’s Foreign Portfolio Investments Grows By 4472%

Advertisement
Advertisement

Nigeria’s Foreign Portfolio Investments have grown by 4472%.

 

Newsonline Nigeria reports that Nigeria attracted a sum of $222.3 million in portfolio investments into the equity market in the first quarter of 2023.

 

This represents a 4,472% rise from the immediate past quarter, the 4th quarter of 2023.

 

This data is coming from the National Bureau of Statistics Capital Importation report for the first quarter of the year.

 

Nigeria only attracted $56 million in foreign portfolio investments in equity as investors stayed out of the country due to its forex policies.

 

However, the successful 2023 elections appear to have swayed investors as they bid a return into the equities market.

 

This is a developing story….

Advertisement
NewsOnline Nigeria

Recent Posts

  • Economy And Business

BREAKING: Senate Approve President Tinubu’s $2.2bn Loan Request

Senate is set to approve President Tinubu’s $2.2bn loan request today.   NewsOnline Nigeria reports…

49 minutes ago
  • Economy And Business

BREAKING: Dangote Refinery Exports Fuel To West African Countries

Dangote Refinery has commenced the export of fuel to West African Countries.   NewsOnline Nigeria…

58 minutes ago
  • Economy And Business

Senator Jimoh Ibrahim Urges President Tinubu To Borrow Good Money

Senator Jimoh Ibrahim has urged President Tinubu to borrow good money and invest in infrastructure.…

1 hour ago
  • Crime Watch

ICPC Tracks N610bn Constituency Projects In Lagos, FCT, Borno, Others (FULL LIST)

ICPC has tracked N610bn constituency projects in Lagos, FCT and Borno.   NewsOnline Nigeria reports…

1 hour ago
  • Brands & Marketing

Zenith Bank Holds Fourth Edition Of Annual Tech Fair In Lagos

The Fourth Edition of the Zenith Bank Tech Fair, tagged “Future Forward 4.0: Embedded Finance,…

1 hour ago
  • Economy And Business

Doyin Okupe Blasts Peter Obi And Atiku, Praises Tinubu’s Policy Document

Doyin Okupe has blasted Peter Obi and Atiku while praising President Tinubu's Policy Document amid…

1 hour ago