Nigeria’s FX Inflows Hit $2.3bn In 2 Months – CBN

Central Bank of Nigeria (CBN) has reported a significant surge of $2.3 billion in foreign portfolio inflow into the nation during the first two months of 2024.
Lifestyle Nigeria reports that this is a significant increase compared to the $3.9 billion recorded in the same period last year.

Hakama Sidi Ali, the Acting Director of Corporate Communications at CBN, revealed this information on Thursday. She added that foreign investors purchased over $1 billion worth of Nigerian assets in February 2024 alone.

The increased interest of foreign investors in Nigeria has led to a total portfolio flow of $2.3 billion this year.

Additionally, the apex bank reported that diaspora remittances also surged by 443% to $1.3 billion in February, and the apex bank reported that diaspora remittances also surged by 443% to $1.3 billion in February.

“Foreign investors purchased more than US$1 billion of Nigerian assets last month, with total portfolio flows of at least US$2.3 billion recorded thus far in 2024 compared to US$ 3.9 billion seen in total for last year,” she stated.

News
Tinubu International Women’s Day – .

President, Bola Ahmed Tinubu, has penned down a heartwarming message to celebrate Nigerian women on the occasion of the the International Women’s Day.

He expressed his heartfelt message via a statement posted on his X official handle on Friday.

The letter read, “On this year’s International Women’s Day, I celebrate all Nigerian women. They are the pivot of our nation. The indispensable role of women in building our dear Nation, Nigeria, must always be emphasized because they have been elemental to our nation’s development, growth, and greatness.

*In every discipline and field of human endeavour, the standout achievements of Nigerian women have become a testament to the resilience, strength, courage, and ingenuity of women worldwide, as well as a mark of their exceptional quality as emissaries of hope and possibilities.”

President Tinubu noted that the theme of this year’s International Women’s Day, ‘Invest in Women: Accelerate Progress’, aligns perfectly with his administration’s policy initiatives on educating and empowering women, “as can be seen from their inclusion in governance in my administration – ensuring that they remain relevant and unimpeachable voices in the development process across all sectors of the economy.”

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He added, “My administration is also focused on investing in the education of the girl child and fostering inclusive programs and initiatives that bolster their active roles in areas of knowledge, science, technology, research, and innovation into the future.

“Once again, I celebrate with Nigerian women on this auspicious occasion, and I use the occasion of this day to assure them that my administration will always prioritize their welfare, protect their rights, and advance their causes.”

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Politics
Nigerian Activist Sowore Back in US After Five-Year Ordeal

Latest Politics updatein nigeria

A pro-democracy activist and presidential candidate of the African Action Congress in the 2023 general elections, Omoyele Sowore, has said that he would be leaving nigeria for the United States to reunite with his family after the Federal Government discontinued the treasonable felony case against him.

The publisher of Sahara Reporters described his inability to be with his family members in the US for five years as “unlawful, unjust, and inhuman detention by the corrupt Nigerian political system since August 2019″.

Sowore, on Friday, on his Facebook account, criticised the All Progressives Congress government led by former President Muhammadu Buhari for his detention.

In the lengthy post titled, ‘The Struggle Continues: Sowore Departs for USA after Five Years’, he wrote, “Later today, I will be returning to the US after almost five years of my unlawful, unjust and inhuman detention by the corrupt Nigerian political system since August 2019.

“I was arrested, assaulted, tortured, and detained for demanding that Nigerians deserved a nation that they can truly call their own. I was charged with treason – and after five years, the APC government was forced to withdraw its trumped-up charges against me.

“If the government thought that keeping me detained and later restricting my movement would break my spirit and cause me to renounce my commitment to fighting for the downtrodden Nigerian people, they are mistaken.”

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