At N696.88bn, Foreign Investors' Transactions in Nigerian Stock Market Highest Since 2018 Kayode Tokede As the Central Bank of Nigeria (CBN) sustains its foreign exchange reforms, foreign investors' transactions in the
Nigerian Exchange Limited (NGX) reached N696.88 billion in the first nine months of 2024, the highest since 2018. The figure which was contained in the NGX’s latest
report for September 2024, represents about a 170.1 per cent increase from the N258.02 billion total transactions recorded by foreign investors in nine months of 2023.
These transactions include both inflow and outflow of investments. Of the N696.88billion, foreign investments’ inflow stood at N310.99 billion in the nine
months of 2024, up from N108.93 billion in the first nine months of 2023, while outflow moved from N149.09 billion in the nine months of 2023 to N385.89 billion in nine months of 2024.
THISDAY’s analysis revealed that in the corresponding period in 2022, foreign investor transactions stood at N321.04 Continued on page 5
See eCopy of THISDAY Style on www.thisdaylive.com Sunday, October 27, 2024 Vol 29. No 10791
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Ekong Excited as CAF Awards Nigeria Three Points, Fines Libya $50,000… Page 38
End Insecurity in North-west Now, Tinubu Charges Military, Defence Minister Tours Theatres of Operations Francis Sardauna in Katsina Worried by the protracted security challenges in the North-west, President Bola Tinubu has charged
the military to end insecurity in the region. The Minister of Defence, Alhaji Mohammed Badaru Abubakar, at the weekend, visited the theatres
of operations in Zamfara State and the Headquarters of Joint Task Force, ‘Operation Fansan Yamma North-west’, where he conveyed the directive by Tinubu to the
troops. This is as the minister urged the Nigerian Air Force (NAF) to intensify efforts to dominate the airspace and contribute to ending
insecurity in Nigeria, particularly in the North-west region. The minister emphasised the federal government’s unwavering commitment to ensuring the
success of the operation, citing the significant deployment and progress made thus far. Continued on page 5
Cardoso: CBN Confident of Attracting $12bn Diaspora Inflows in 365 Days Says apex bank working assiduously to get Nigeria out of grey list Tinubu’s bold reforms yielding results, Edun insists See story on page 5
ECONOMY ON THEIR MINDS… L-R: Alternate Executive Director at the World Bank, Mrs. Zainab Ahmed; Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; Governor of Central Bank of Nigeria, Mr. Yemi Cardoso; Permanent Secretary, Ministry of Finance, Mrs. Lydia Jafiya; Deputy Governor of CBN, Muhammed Sani Abdullahi; and the Director General, Debt Management Office, Ms. Patience Oniha, during the joint press briefing by the Minister of Finance and the Governor of CBN at the end of IMF/World Bank Annual Meetings 2024 in Washington DC, United States of America...yesterday PHOTO: ABIODUN AJALA
NNPP Wins all 44 LG Chairmanship Positions, 484 Councillorship Seats in Kano… Page 5