The boom in foreign investment inflow

Oct. 7, 2024 - Blueprint Newspapers Limited

Data from the National Bureau of Statistics (NBS) put the foreign investment inflow for that quarter at $3.38 billion.

Foreign portfolio investment took the giant share of the bumper harvest recorded in foreign investment inflow during the period under review. The dominance of foreign portfolio investment or investment in stocks in Nigeria’s capital market is explicable.

It attracted a scant $119.2 million or 3.

53 per cent of the total foreign investment inflow during the period. Blueprint is worried by the poor showing of foreign direct investment in the impressive performance of the nation’s foreign investment inflow in the first quarter of 2024.

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