Foreign Investors Stake $1 Billion On Treasury Bills

Latest News & Updates January 28, 2019

Despite the approaching elections, which has seen foreign portfolio investors exit Nigeria, some others apparently hold a contrarian view. Sources familiar with the transaction, revealed $1 billion in fresh funds was channelled to buying treasury bills last week. While foreign portfolio investors holding equities may have largely pulled out, regardless of who wins the elections, the country remains in dire need of funds.Policy direction especially at the CBN would be difficult to change. Even in the event of a current Governor Godwin Emefiele not getting a second term, the apex bank has prioritised tight liquidity and a stable exchange rate.

Source: https://nairametrics.com/2019/01/27/foreign-investors-stake-1-billion-on-treasury-bills/?utm_source=newsletter&utm_medium=email&utm_campaign=edition_280119_gni_abcon_cbn_nse_treasury_bills&utm_term=2019-01-28