Dollar inflow from foreign investors through the Investors and Exporters (I&E) foreign exchange window rose by 94 percent in the first two months of the year.
In a bid to take advantage of high interest rate on government securities (treasury bills and FGN bonds) and low share price of companies listed on the Nigerian Stock Exchange (NSE), foreign investors injected $3.5 billion through the I&E window from January to February. This represented 94 percent increase when compared with the $1.8 billion injected in the last three months of last year (fourth quarter of 2018, Q4’18)…
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News Archive from before July 2018