Despite their exodus from the Nigerian capital market at the outset of the global financial crisis, foreign investors are staging a comeback, UDEME EKWERE writes The total amount of foreign portfolio investment in the Nigerian Stock Exchange for the 11 months ended November 30, 2012 stood at N733bn. The amount, […]
Tag: Nigeria
Nigeria Records 12% December Inflation Rate YoY-NBS Report
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Inflation Rate for December is 12 percent (12%). Recent data from the National Bureau of Statistics reports December headline inflation at 12.0% year on year (y-o-y), a 30bps decrease from the 12.3% y-on-y figure recorded in November 2012. Food inflation also eased to 10.2% y-on-y, a […]
DMO to sell N360bn bonds in Q1
The Debt Management Office on Wednesday said that it planned to raise between N210 and N360bn in sovereign bonds from five years to 20 years in the first quarter of 2013. It said in a statement that the amount being proposed was higher than its 2012 fourth quarter debt issuance […]
