Macro Analysis /
Nigeria

Nigeria: Net portfolio flows into equity swing to marginal surplus in March

    EmergingMarketWatch
    28 April 2021
    • Local funds have turned to debt market due to rising yields on FGN notes
    • Foreign investors stay away from market because of Nigeria's external vulnerability and FX shortages
    • In Q1, net flow into equity was NGN 30bn outflow compared to NGN 121bn outflow a year earlier