The Central Financial institution of Nigeria says overseas portfolio influx into Nigeria surged $2.3 billion within the first two months of 2024 in comparison with $3.9 billion recorded in 2023.
The Appearing Director of Company Communications at CBN, Hakama Sidi Ali, disclosed this on Thursday.
She famous that overseas buyers bought greater than $1 billion in Nigerian property in February alone.
In keeping with her, the surge in overseas investor’s curiosity in Nigeria has led to complete portfolio flows reaching $2.3 billion in 2024.
In the meantime, the apex financial institution stated diaspora remittances surged by 443 per cent to $1.3 billion in February.
“Overseas buyers bought greater than US$1 billion of Nigerian property final month, with complete portfolio flows of not less than US$2.3 billion recorded so far in 2024 in comparison with US$ 3.9 billion seen in complete for final 12 months,” she acknowledged.
reporter remembers that overseas funding portfolios within the fourth quarter of 2023 surged by 66.77 per cent to $1,060.73 million within the fourth quarter of 2023 in comparison with the previous quarter.
In the meantime, an financial suppose tank group, Centre for the Promotion of Personal Enterprise, stated the not too long ago launched expatriate employment levy will harm FDI in Nigeria.
