Nigeria's foreign Portfolio Investment for 2021 drops to the lowest within 5 years.

Nigeria's Foreign Portfolio Investment (FPI) of $3.39 billion as of 2021 crashes to 34% compared to $5.16 billion reported last year, according to the information from the CBN.

The annual Foreign Portfolio Investment reported two consecutive years of rejection. It dropped down to 68.5% in 2020 from $16.38 billion reported In 2019 to $5.16 billion it also came with 34% year-to-year rejection to $3.86 billion in 2021.

Just in case you are wondering what FPI is, It’s a purchase of securities and financial assets by investors from other countries. It can be managed by investors or financial professionals.

Portfolio investment includes stocks, bonds, mutual funds, exchange-traded funds.

Information from the Nigerian stock market proves that the participation of FPI in the Portfolio Investment in the local market has dropped drastically to 22.9% in 2021, from 33.6%,48.9%, 50.7% recorded in 2020, 2019, and 2018 respectively.