The NSE data also showed that the foreign inflows into the stock market stood at N16.73bn in January.
It said in January, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 60 per cent. The bourse said the institutional composition of the domestic market also decreased by 14.91 per cent from N138.09bn in December to N117.50bn in January 2021.
Last month, the International Monetary Fund said there was an estimated $2bn backlog of requests for foreign exchange from divestment by foreign portfolio investors of naira assets, which it said were being gradually cleared by the Central Bank of Nigeria using a combination of spot and forward allocation.
Nig Mainstream Media Abets Crimes Against The Oppressed Citizens. Journalists Ought To Be Voice Of The Voiceless. But,They Abandoned The Ethics Of Journalism,Turned Against Indigenous Populace. In All We Do,Let's Bear In Mind,That:Spiritual Principle Of 'Cause&Effect Is Karma.
This is what u get when u continue with those useless CBN policies; a guaranteed exchange rate is what assures the stability of foreign investments, otherwise forget it.
One of the problems of our currency’s instability. Why do we allow foreign ‘investment’ in our stock markets when we don’t have the macroeconomic stability to support it? FDI’s should be directed towards long term investments only. Not one that can be pulled out at a whim
AdamuRimam
When we have abokis as politicians with know bright future for Nigerians
Huh? 😳 😳 😳 😳