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Adesuwa

Foreign Investment Inflow Down To 16.10b
~1.7 mins read
Investors apathy for investment in the stock market has continued to rise as both foreign and domestic investors participation on the Nigeria stock exchange,took a downward turn during the month ended February 28 2007.
Data polled by the NSE showed that total foreign investors translation on the NSE slowed by 21:52 percent to 34:54, billion from 44:01 billion to during the same period.
Also, domestic transaction decreased by 22.88 percent from 51:31 billion recorded in January 2017 to 39:57 billion in Feb
Foreign investors inflow declined the to N16.10 billion from N22.61 billion representating N28.769percent decrease, whilst total foreign investment. Outflows decreased by 13.83 percent to N18.44 billion
Economic fundamental.
According to Mr Johnson chukwu managing Director/ CEO,cowry Asset Management limited, the major constraints to investment in the country exacerbated by disparity in foreign exchange market.
He explained that nothing has changed about the country economic foundamental to encourage foreign investors to come in.
Foreign investors do not have so much confidence, there is lack of confidence on the Nigeria economic as a whole by foreign direct and portfolio invesi.tgst is also not helped by the current disparity in foreign disparity in forever exchange prices between official rate, interbank rate and the parallel market.
Added to the fact that access to liguidity in the Fx market
Is such that investors are not assured that they can just convert their naira asset back to dollars whenever they want so market liquidity in FX market is another constraining factor he said.
Meanwhile the rally witness the previous week in the equities market was halted as investors lost N17 billion from their investment during the week. The market capitalisation , which started the week N8.878 trillion fell by 0.80 percent to close at N8.807 trillion.The all share index, ASI,ended the week with a 0.2 percent decline on Friday, bringing week on week performance 0.77 percent.
Performance across sector was bearish as all indices except the industrial good index which rose by 5.1 percent buoyed by 13.9 percent increase in lafarge Africa due to a better than expected 2006 full year financial results.the oil and gas index depreciated the most dropping by 3.2 percent on the back of losses in seplat petroleum Development company plc that fell 9.7 percent and. Forte oil recorded -6.6 percent rety.similarly, the banking index slid by 2.1 percent on ACC of 5.1 percent and 4.5 percent decline in Access Bank plc and Zenith international Bank plc
The insurance and consumer goods indices also followed suit.
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Adesuwa

Power Generation
~0.6 mins read
The total amount of power on Nigeria grid collapse from a peak of 4,7358 megawatt on Friday to as low as 145 watt on Sat but the transmission company of Nigeria said it had been restored
Industry data obtain in Abuja on Sundays showed that the grid actually collapse twice on November 8 and November ,9 but this was refuted by Tcn as it argued that the second incident occurred during the process of restoring the grid.
On November 8 the country electricity grid recorded a partial collapse as it dropped from 4407 to 429.5
It however picked up and recorded a high of 407.1mw to 429.5mw
But this was sustain as the grid collapse again to 145mw
Reacting to the collapse, the transmission company stated on Sunday that it restored full supply that to the nation grid at 4.54pm
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