The International Monetary Fund has warned Nigeria against excessive reliance on foreign portfolio investments, commonly known as "hot money", even as the country records a surge in capital inflows, stronger foreign exchange liquidity and rising external reserves.

The International Monetary Fund has warned Nigeria against excessive reliance on foreign portfolio investments, commonly known as "hot money", even as the country records a surge…

The International Monetary Fund (IMF) has warned Nigerian regulators to remain vigilant over rising non-performing loans (NPLs) despite...