capital importation

In an obvious sign of investor apathy, foreign portfolio investors cut down their stake in Nigeria's equities market by more than 66 per cent in the half-year period that ended June 30. From $901.3 million invested in the corresponding…

    Nigeria’s foreign reserves are hovering below the threshold the Central Bank of Nigeria (CBN) sets to achieve in mid-2022.   Available data from the apex bank, as of June 9, shows external reserves buckling at $38.52 billion.…

National Bureau of Statistics (NBS) said that Nigeria recorded $12.2 billion capital inflow in 2017. The NBS made the disclosure in its “Nigeria Capital Importation for Fourth Quarter and Full Year 2017 Report” posted on its website.…

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…