Lagos -The quest for more attractive returns on investment (RoI) has forced foreign portfolio investors (FPI), the biggest buyers of Nigerian equities, to move out N302.82 billion from the Nigerian Stock Exchange in the first four months of 2014.
As a result, transactions by the foreign portfolio investors on the floor of the exchange were mostly on the sell side rather than buy side, reports BusinessDay.
Foreign portfolio investment reversed to a net outflow of N50.14 billion in January, N103.53 billion in February, N75. 42 billion in March and N73.73 billion in April.
This is in sharp contrast to the net inflow of N39.53 billion in January, N32.75 billion in February, N55.13 billion in March and N65.06 billion in April.
Read more at BusinessDay.
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