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….
Fidelity bank gross earnings has risen 45% to N1.5tn as shareholders’ funds cross N1tn. …
Kwankwaso has assured Nigerians of smooth working relationship with Peter Obi. NewsOnline Nigeria reports…
Kwankwaso has explained his alliance with Peter Obi citing Northern political tradition. NewsOnline Nigeria…
Adeleke has deposed Apetu of Ipetumodu over $4.2m US COVID-19 Fraud Conviction. NewsOnline Nigeria…
For more than two decades, South Africa has experienced repeated outbreaks of violence aimed mainly…
Drug abuse among undergraduate students has become one of the most alarming social challenges confronting…
