Capital importation: Foreign investors prefer “hot money” over FDI as money markets gulp $2.68billion  

Foreign investors have increasingly turned to Nigerian treasury bills in the first half of 2024, as money market instruments emerged as the leading contributor to capital importation during the period. Treasury bills, in particular, were heavily oversubscribed, reflecting strong investor appetite driven by favourable yields in Nigeria’s fixed-income market. This surge highlights how rising yields, …