Foreign Reserve

Nigeria Economic Update (Issue 25)

Foreign and domestic investors consolidated their portfolio investments in May 2019 by increasing the value of their buy orders for Nigerian equities by about 50%. Compared to April 2019, total portfolio investments increased from N148.91 billion to N221.13 billion in May 20191. This makes it the second month of increase in the second quarter, indicating […]

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Nigeria Economic Update (Issue 46)

Recent media reports reveal that Nigeria spent an alarming amount of N5.75 billion daily to service debts – summing up to a total of N1.07 trillion for the first half (six months) of 2018, paid as interest on money borrowed from local and international sources. This implies that about 51% of the projected N2.1 trillion […]

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