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Farooq

Posts Tagged "foreign investors"

HomePosts Tagged "foreign investors"

LAGOS, Nov 27 (Reuters) – The total value of capital imported into Nigeria more than doubled in the third quarter to $4.15 billion, after the economy emerged from a recession, the National Bureau of Statistics (NBS) said on Monday. Nigeria’s economy grew in the second quarter, climbing out of its first recession in 25 years, […]

LAGOS, Oct 9 (Reuters) – Nigerian stocks climbed 1.3 percent on Monday to hit a six-week high after its biggest listed firm Dangote Cement and some consumer goods companies gained. The main share index rose for the fourth straight day on Monday to near 37,000 points, a level it last reach in August. Foreign investors […]

The naira is expected to trade around 360/$ to investors next week after the central bank kept rates on hold to tighten liquidity, traders say. The naira has been trading around 360 this week, close to the black market rate of 365, with an average of $100 million inflows daily into the currency market. “There […]

By Obinna Chima In a pointer to increasing confidence in Nigeria’s financial market, foreign exchange trading at the Investors’ and Exporters’ (I &E) window notched a major milestone when total market turnover rose to $1.323 billion in just one week, trading results from the FMDQ OTC Securities Exchange showed at the weekend. Total trade value […]

  • CBN

LAGOS, Sept 11 (Reuters) – Nigeria’s central bank on Monday will start issuing electronic certificates for capital imported into the country, in a bid to improve its currency transfer process, it said. The new certificate will replace a hard copy now issued when capital is imported, according to a circular from the central bank. The […]

Germany’s Allianz plans to pay $35 million for 98 per cent stake in Nigerian insurer, Ensure Insurance, in a push for growth in Africa, where many people are uninsured. Foreign insurers are banking on growing premiums as the continent develops its infrastructure and a consumer class demands protection from risk. A Reuters report disclosed that […]

The forces behind currency markets and what makes them tick is always an interesting topic, especially when you talk about the Nigerian naira. The strength of a country’s currency is often in direct proportion to their fiscal health and political stability, and this can clearly be seen when you look at the Nigerian economy. The […]

  • NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Makaiinti Baru, has said that Chinese banks has made commitments to bring more money to finance oil and gas investments in Nigeria. The NNPC’s boss, who disclosed this when a delegation of the Nigerian Gas Association led by its President, Engr. Dada Thomas, […]

LAGOS, Aug 4 (Reuters) – Largely shunned over the past three years, Nigerian assets are back on foreign investors’ radar thanks to a drop in valuations and improved visibility on exchange rates, data on market transactions suggests. The value of offshore trades more than tripled to $1.59 billion this week from $502 million the previous […]

Obinna Chima The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter of 2017 has been estimated at US$15 billion. This, however, represented a decline of 9.2 per cent below the level in the fourth quarter of 2016, but showed an increase of 1.4 per cent over the level at the […]