Foreign Portfolio Investment In Stock Market Rises 180.9
Foreign PortfolioInvestments, FPIs, inflows through the Nigerian stock market grew by 180.95 in the first ten months of this year January-October to N344.30 billion from N122.55 billion in the corresponding period of 2023.
Investment analysts have attributed the development to the monetary policy regime of the Central Bank of Nigeria, CBN , which has skyrocketed interest earnings on portfolio investments since this year.
However, Vanguards findings from the data released by the Nigerian Exchange Limited, NGX, showed that the foreign investment outflow also increased by 136.95 to N400.04 billion from N168.83 billion in 2023.
The total foreign transactions Year-to-Date, YtD, stood at N744.34 billion indicating a jump by 155.5 from N291.38 billion in the same period of 2023.