National Economy
Monday, July 21, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Foreign Investors Eye Nigerian Market For Potential Returns

by Adekunle Munir
1 year ago
in Business, Companies & Markets, News
Reading Time: 2 mins read
MARKET
Share on FacebookShare on TwitterShare on Telegram

You May Like

‘Recognise Maritime Workers’ Contribution To Trade, Commerce’

Equity Market Records N1.44trn Gain

In a positive development for Nigeria’s economic outlook, the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced a renewed interest from foreign portfolio investors (FPIs) in the Nigerian market. This revelation, made during an exclusive interview with Arise Television on Monday, indicates a potential shift in the attractiveness of the country’s financial market.

Addressing key issues related to foreign exchange and investment, Cardoso emphasized the need to leverage existing resources to attract more foreign direct investment and portfolio inflows. Contrary to the perception of FPIs as “hot money,” the governor sees these investments as crucial elements of a diversified foreign exchange portfolio, whether sovereign or corporate.

“This is a problem I sometimes have when many blame the central bank for the foreign exchange situation. It is a problem I have because we rely on what comes in. We don’t produce foreign exchange… All we can try and do is use that to leverage for more to start coming in, and that also includes foreign direct investment and foreign portfolio investors,” Cardoso stated.

Highlighting recent strategic financial decisions, such as the Nigerian National Petroleum Corporation (NNPC) and other major MDAs moving their funding directly to the central bank, Cardoso sees these moves as strong confidence boosters. They indicate that Nigeria aligns with the directions favored by global investors.

“The recent move to have NNPC and some of the other MDAs move their funding straight to the central bank also sends a powerful signal. It boosts confidence that Nigeria is finally going in the direction that many investors want to see it go,” Cardoso explained.

Expressing optimism about the Nigerian economy, particularly regarding foreign investments, Cardoso expects this confidence to stabilize the Naira, which he believes is undervalued due to panic-induced distortions.

“The time for panic and cynicism is not now. We are on the road now where the right policy decisions are being taken,” Cardoso affirmed, emphasizing the CBN’s commitment to steering the Nigerian economy towards growth and stability. The governor also stressed the apex bank’s commitment to clearing the balance of the FX backlog in a very short time.

Tags: CBNYemi Cardoso
ShareTweetShare
Previous Post

FCCPC Warns Against Persistent Violations By Loan Apps

Next Post

Poultry Farmers Report N3trn Loss Amid Economic Challenges In 2023

ANOTHER GOOD READ

‘Recognise Maritime Workers’ Contribution To Trade, Commerce’
News

‘Recognise Maritime Workers’ Contribution To Trade, Commerce’

11 hours ago
Equity Market Records N1.44trn Gain
News

Equity Market Records N1.44trn Gain

11 hours ago
EEDC Initiates New Complaint Resolution For Customers
News

EEDC Initiates New Complaint Resolution For Customers

11 hours ago
New Horizons Hits 2m Milestone In Tech Talent Devt
News

New Horizons Hits 2m Milestone In Tech Talent Devt

11 hours ago
CPPE Urges Action On Inflation Drivers
News

CPPE Urges Action On Inflation Drivers

11 hours ago
SEREC Backs Customs’ Digital Drive To Tackle Cartels, Smuggling Customs
News

SEREC Backs Customs’ Digital Drive To Tackle Cartels, Smuggling Customs

11 hours ago
Next Post
Poultry Farmers Report N3trn Loss Amid Economic Challenges In 2023

Poultry Farmers Report N3trn Loss Amid Economic Challenges In 2023

Most Recent

Why Victims Of Ransomware Attacks Pay Ransom To Criminals

Why Victims Of Ransomware Attacks Pay Ransom To Criminals

July 21, 2025
NCF Launches Health Insurance Scheme For Staff, Players

NCF Launches Health Insurance Scheme For Staff, Players

July 21, 2025
‘North Central Zonal Tennis Championship Will Bridge Gap In Nigeria’

‘North Central Zonal Tennis Championship Will Bridge Gap In Nigeria’

July 21, 2025
Super 8 Final:Wikki Tourists Fined ₦3.75m For Unruly Conduct

Super 8 Final:Wikki Tourists Fined ₦3.75m For Unruly Conduct

July 21, 2025
Olopade Commits To Supporting Emerging Nigerian Young Talents

Olopade Commits To Supporting Emerging Nigerian Young Talents

July 21, 2025
Between Depleting Workforce And Declining Productivity

Between Depleting Workforce And Declining Productivity

July 21, 2025
World Population Day: Between Census And National Planning

World Population Day: Between Census And National Planning

July 21, 2025
Pension Operators Sensitise Young Professionals On Cancer Awareness

Pension Operators Sensitise Young Professionals On Cancer Awareness

July 21, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy