Africa ETP News
you are currently viewing::Nigeria: Foreign Investment in Stock Market Rises 168 Percent to N118.92bnApril 23, 2024--Foreign portfolio investment, FPI, into the stock market rose by 167.8 percent, Year-on-Year (YoY), to N118.92 billion in February 2024 from N44.52 billion in the corresponding period in 2023 buoyed by improved liquidity in the foreign exchange (FX) market following reforms by the Central Bank of Nigeria, CBN. The Nigerian Exchange Limited (NGX) disclosed this in its Domestic and Foreign Portfolio Investment report for February 2024, which showed a 0.3 percentage point increase to 11.78 per cent in share of FPI in the total equities transaction of N1.009 trillion during the period. Source: allafrica.com |
South African growth outlook has improved but inflation risks abound, central bank says at Davos
January 21, 2025--Growth in Africa's most industrialised economy could be close to 2% in 2025, versus the 1.1% growth projected for 2024
South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday.
JSE plunges to lowest level in four months
January 14, 2025-- Industrial stocks recorded the biggest losses.
It was a sea of red on the JSE on Monday, with the bourse closing 1.7% down, at 82 046 points- its lowest level since mid-September.