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Published 6 May 2021
Foreign Direct Investment dipped by 33.3 per cent which amounted to $30m in January, latest statistics obtained from the Central Bank of Nigeria revealed on Wednesday.
According to figures obtained from the CBN’s January report on capital importation and capital outflow, the FDI at $90m in December fell to $60m in January.
Part of the report read, “Estimated data revealed a reduction in capital importation during the review period, reflecting the tight global financial conditions and narrowing interest rate differentials, occasioned by low yields on domestic money market instruments.
“A total of $0.38bn new capital was imported into the economy in January 2021, compared with $0.55bn in December 2020.
Nigeria-Press-Review May 06, 2021 to 09:19 86 APA – Lagos (Nigeria) The release of 27 students abducted by bandits from Federal College of Forestry Mechanisation in Kaduna and the alarm raised in Abuja over the presence of hundreds of nomadic herders in Sabon-Wuse in Niger State near Abuja are some of the trending stories in Nigerian newspapers on Thursday.
The Guardian reports that respite came for 27 students abducted by bandits from Federal College of Forestry Mechanisation, Afaka, Kaduna, as they gained their freedom yesterday after 56 days in captivity. The students were released in Kindanda village, Giwa local government area of the state.
The release was reportedly facilitated by the Sheikh Abubakar Gumi dialogue committee with support from former President Olusegun Obasanjo. The students were among the 39 abducted two months ago. After payment of ransom by parents and
Vanguard News
Forex scarcity, repatriation uncertainties depress investments in Q1 Analysts
On
ECONOMY
Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of ease of repatriating funds out of the country as cause of the dwindling Foreign Portfolio Investment (FPI) in the stock market.
They stated that investors are wary of investing in climes where forex prices are managed and not market reflective.
Foreign Portfolio Investment (FPI) in the Nigerian Exchange Limited (NGX) had continued a downward streak, according to the data on Domestic and Foreign Portfolio Participation in Equity Trading for March 2021, falling by 40.4 percent to N150.23 billion in the first quarter (Q1) 2021, from N251.87 billion in Q1 2020.
By Nkiruka Nnorom ECONOMY Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of ease of repatriating funds out of the country as cause of the dwindling Foreign Portfolio Investment (FPI) in the stock market. They stated that investors are wary of investing in climes where forex prices are managed and not market reflective. Foreign Portfolio Investment (FPI) in the Nigerian Exchange Limited (NGX) had continued a downward streak, according to the data on Domestic and Foreign Portfolio Participation in Equity Trading for March 2021, falling by 40.4 percent to N150.23 billion in the first quarter (Q1) 2021, from N251.87 billion in Q1 2020.
Themed “Sri Lanka – Asia’s Next Growth Haven”, the Sri Lanka Investment Forum (SLIF) 2021 jointly organized by the Board of Investments (BOI), The Ceylon Chamber of Commerce and the Colombo Stock Exchange will kick off on the 7th of June 2021 on a virtual platform.
SLIF 2021 will showcase to the world, Sri Lanka’s attractiveness as an investment destination through the exposition of a blend of Mega Projects, Strategic Investment Initiatives, Private Equity Opportunities and Portfolio Investment propositions of Public Listed Corporates listed on the Colombo Stock Exchange. The forum will attract direct and portfolio investors including sovereign wealth funds, private equity funds, Development Finance Institutions, MNCs, High Net Worth Individuals, and all other investor classes from across the globe.