Foreign investments drop by 32% in one month

Posted: December 14, 2014 in Uncategorized


Trading floor, Nigerian Stock Exchange

Foreigners have reduced their investments in the Nigerian Stock Exchange due to concern about insecurity and fears regarding the outcome of 2015 elections.

The latest investment details from the NSE showed that foreign investments dropped significantly by N73.40bn at the end of October.

As of September this year, the total investments by foreign investors stood at N226.68bn.

The document obtained from the NSE on Friday indicated the amount dropped to N153.28bn by October ending. This showed a difference of N73.40bn or 32 per cent.

Some capital market experts who spoke to our correspondent said the consistent reduction in foreign investments was partly due to increasing security concerns as well as tight monetary policies of the Central Bank of Nigeria.

They also said the various activities of the extremist Islamic sect, Boko Haram, as well as the upcoming general elections must have contributed substantially to the reduced investments by the foreigners.

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