Nigeria’s foreign portfolio deficit falls

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The Nigerian foreign portfolio deficit has fallen by N14.5 billion between the first eight months of 2021 and the first eight months of 2022.

According to data released by the Nigerian Exchange Limited, the deficit fell from N15 billion recorded in eight months of 2021 to N1.43 billion reported between January and August, 2022,

It revealed that the FPI total inflows in the first eight months of 2022 stood at N149.97 billion, compared to the N123.46 billion recorded in the same period of 2021, improving by 21 per cent.

Written by: Helen Obih

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