₦airaland Forum

Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s administration started paying off.

Foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion, Hakama Sidi Ali, a spokeswoman for the central bank, said in an emailed statement. That compared with $3.9 billion for the whole of 2023. Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier.

BobbieZion:
Funny statistics.

Let the change be felt directly on the economy.
Not all this propaganda useless moves.

seunmsg:
This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

seunmsg:
Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s administration started paying off.

Foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion, Hakama Sidi Ali, a spokeswoman for the central bank, said in an emailed statement. That compared with $3.9 billion for the whole of 2023. Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier



https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-africa&utm_medium=social&utm_content=africa


Cc: Mynd44 nlfpmod

Chinjo2:
See this Oponu
Total remittances increased because people can no longer fend for themselves. They now rely on family members abroad for survival.
Is that what the government is celebrating?

seunmsg:
This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.

BobbieZion:
Seun!!
No dey whine me.
It's been long I stopped taking people like you serious.
The so-called educated ones are the most dangerous.

You know since when I know Bloomberg?

seunmsg:
From your mother’s womb I guess. Mitcheeeew.

seunmsg:
Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s administration started paying off.

Foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion, Hakama Sidi Ali, a spokeswoman for the central bank, said in an emailed statement. That compared with $3.9 billion for the whole of 2023. Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier



https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-africa&utm_medium=social&utm_content=africa

seunmsg:
Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s administration started paying off.

Foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts so far this year to at least $2.3 billion, Hakama Sidi Ali, a spokeswoman for the central bank, said in an emailed statement. That compared with $3.9 billion for the whole of 2023. Overseas remittances rose more than fourfold to $1.3 billion in February from a month earlier



https://www.bloomberg.com/news/articles/2024-03-08/billions-pour-into-nigeria-as-tinubu-s-reforms-start-to-pay-off?utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-africa&utm_medium=social&utm_content=africa


Cc: Mynd44 nlfpmod

garriAndsugar:
In lay man's term tinubu made Nigerians so poor that their relatives abroad increased the money they send them.

All hail tinubu the master strategist.. mtchewww

seunmsg:
This is no propaganda as Bloomberg is not a propaganda platform like AriseTV and People’s Gazette.

Slowly, the reforms are paying off. It may appear little with minimal impact for now but in no time, the impact will be felt in all aspect of the economy. We just need to be patient and endure for a while, Mr. President will fix the economy.