Following the Central Bank of Nigeria (CBN) policy of increased interest rates for foreign investors, Nigeria’s external reserves grew by $7.7 billion within 11 months from...
Nigeria’s foreign exchange (FX) market surged in turnover to ₦110.35 trillion in the first seven months of 2024. This increase represents a 171.46% growth from the...
Nigeria’s foreign exchange (FX) inflows have surged by 57% over the past year, signaling newfound stability for the Naira. Analysts attribute this growth to the Central...
Foreign investments in Nigeria’s manufacturing sector declined by 54% from $605 million in the second quarter of 2023 to a mere $279.5 million in the third...
In the first half of 2023, Nigeria resorted to foreign borrowing, securing a total of $1.21 billion in loans to bolster capital importation. A recent report...
Nigeria’s foreign investment inflow has experienced a significant decline of $18.6 billion over a four-year period from 2019 to 2022, according to data released by the...
Nigeria’s economic landscape is aglow with optimism as the country welcomes a substantial influx of capital in the first quarter of 2023. According to the Central...
Nigeria has been grappling with a foreign exchange crisis but recent data offers a glimmer of hope, indicating a positive shift in the country’s economic outlook....
Government-led Reforms Offer Hope for Economic Revival and Increased Foreign Investment in Nigeria
The Nigerian Exchange Limited (NGX) has reported a significant decrease in foreign investment in its markets. According to the Domestic & Foreign Portfolio Investment Report for...