Foreign Holdings Drop $13bn On Naira Slump And Corporate Exits
Nigeria’s foreign direct investment (FDI) inward stock experienced a sharp decline, dropping from $86.2 billion in 2022 to $73.4 billion…
Category: foreign
Foreign Transactions Decline as Naira Weakens
Foreign investors are increasingly withdrawing from the Nigerian Exchange (NGX), with year-to-date foreign outflows reaching N400.04 billion by October 2024,…
TD Bank prepares to hire compliance monitors as US CEO reassures staff
Toronto-Dominion (TD) Bank is taking significant steps to address its compliance shortcomings after becoming the largest U.S. bank in history…
Nigeria’s foreign debt servicing soars to N3.8trn in 8 months
Nigeria’s foreign debt servicing costs have risen sharply by 107.7%, reaching N3.8 trillion in just eight months, far exceeding the…
Naira drops to 1690.37/$ as dollar supply falls
The naira fell 2.31% on Monday at the National Autonomous Foreign Exchange Market (NAFEM), closing at ₦1,690.37/$, down from ₦1,652.25/$…
British International Investment Provides $30M to Boost Renewable Energy in Nigeria
InfraCredit has received a $30 million risk-sharing and blended local currency facility from British International Investment (BII) to support renewable…
ACCESS Bank UK Opens First Branch in Hong Kong to Boost Africa Asia Trade
ACCESS Bank UK has officially launched its new branch in Hong Kong, marking a significant milestone as the first West…
How the US Election Outcome Could Impact Nigeria
With the U.S. presidential election approaching, Nigerian analysts weigh the potential impacts of either Donald Trump or Kamala Harris administration…
Foreign Inflows Surge in Nigeria’s Forex Market Amid Currency Challenges
In a significant turnaround, the Nigerian Autonomous Foreign Exchange Market (NAFEM) has reported total inflows reaching a five-month high of…
Robinhood shares drop as growth push takes a toll on Q3 results
Robinhood Markets, Inc. saw its shares plummet nearly 11% before the market opened on October 31, following a strong performance…