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Foreign investors dump N455bn stock over FX crisis, inflation

In 2024, foreign investors withdrew N455.62bn from the Nigerian stock market due to FX crisis and inflation, exceeding inflows of N396.41bn. Foreign participation remained low at 15.25% of total transactions, with domestic investors dominating at 84.75%. Despite increased foreign activity compared to 2023, outflows surpassed inflows in seven months. Institutional domestic investors led with N2.429tn, while retail investors accounted for N2.306tn.
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16 h. ago
Customs intercepts over $1.1m, SR135,900 undeclared foreign currency at Kano Int’l Airport
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ID: 2012949155