Business Foreign Investors Shunning Nigeria as 2015 Elections Approaches



Due to the state of insecurity in the country coupled with the approaching general elections next year, foreign investors are shunning the Nigerian economy as revealed by the Nigerian Stock Exchange. Punch has more to say:


Some foreign investors are beginning to shun the Nigerian business environment due to concerns about insecurity and the fear of uncertainty regarding the 2015 elections.

The latest investment analysis from the Nigerian Stock Exchange showed that foreign investments dropped significantly by N61.58bn at the end of July.

As of June this year, the total investments by foreign investors stood at N118bn.

The document obtained from the NSE on Friday indicated this amount dropped by N61.58bn or 52 per cent to N56.42bn as of the end of July.

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