portfolio

What Is The $30bn Fresh Loan For? Increasing Debt Portfolio

December 1, 2019 3:51 am

President Muhammadu Buhari seeks to increase Nigeria’s total debt portfolio to about $97billion by borrowing about $30billion from external sources to execute critical infrastructure projects. While the argument on the part of government has always been that Nigeria’s debt to GDP ratio remains low, experts are worried that paying back the burgeoning debt is a major concern, as generating enough revenue to meet its budgetary obligations is still a nightmare for the government.

President Muhammadu Buhari last week returned to the National Assembly to re-present the federal government’s request for a $29.96 billion fresh foreign loan. Buhari, in presenting the …

Nigeria records ₦27b foreign portfolio deficit in Q1

May 5, 2019 10:18 pm

Nigeria suffered a net deficit of N26.6 billion in foreign portfolio transactions in the first quarter (Q!) of this year amidst fears of political and macroeconomic uncertainties.

A report on foreign portfolio investments (FPIs) obtained over the weekend indicated that the country recorded a negative balance of N26.6 billion in inflow and outflow transactions by foreign portfolio investors in Q1 as against a positive balance of N30.88 billion recorded same period last year.

The report also showed that foreign portfolio transactions dropped by N159.95 billion in Q1, representing a decrease of 41.89 per cent from the turnover in Q1 of …