• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy

Nigeria’s capital inflow surges by 75% to $1.54 billion in Q2 2022, FDI remains low

Samuel Oyekanmi by Samuel Oyekanmi
September 1, 2022
in Economy, Macros
Nigeria attracts $1.73 billion capital inflows in Q3 2021, surges by 98%
Share on FacebookShare on TwitterShare on Linkedin

Nigeria attracted a sum of $1.54 billion as capital inflows in the second quarter of 2022, an increase of 75.34% compared to $875.62 million recorded in the corresponding period of 2021. This is, however, 2.4% lower than the $1.57 billion received in the preceding quarter.

This is according to the recently released capital importation report by the National Bureau of Statistics (NBS).

The breakdown of the report showed that the largest amount was received through portfolio investment at $757.32 million, which accounted for 49.33% of the total inflows, followed by other investments with $630.87 million, representing 41.09%, while foreign direct investment accounted for 9.58% ($147.16 million).

RelatedStories

CBN, forex

Nigeria’s capital inflow drops to $1.63 billion in November 2024 – CBN 

February 17, 2025
ICT gains N4.1 trillion in 8 months to remain largest sector

Foreign investments in Nigeria’s telecom sector peak at $304 million in half-year 2024 

October 15, 2024

Highlights

  • Foreign direct investment (FDI) into Nigeria increased by 82.3% year-on-year from $77.97 million recorded in Q2 2021 to $147.16 million in the review quarter. On the flip side, it declined marginally by 8.26% from the previous quarter ($154.97 million).
  • In the same manner, foreign portfolio investments (FPI) recorded a 37.4% year-on-year increase to $757.32 million in Q2 2022 but declined by 20.9% on a quarter-on-quarter basis from $957.58 million recorded in the preceding quarter.
  • Other investments, which include trade credits, loans, currency deposits, and other claims stood at $630.87 million in the review period, a 156.2% year-on-year increase from $246.3 million recorded in the corresponding period of 2021,

Foreign inflows into Nigeria have remained low post-covid, attracting a total of $6.7 billion in foreign capital in 2021, as against $9.66 billion and $23.99 billion recorded in 2020 and 2019 respectively. Cumulatively, a total of $3.11 billion has been recorded as imported capital in the first half of the year.

Disaggregated by Sectors, capital importation into banking had the highest inflow of $646.36 million amounting to 42.10% of total capital imported in the second quarter of 2022. This was followed by capital imported into the production sector, valued at $233.99 million (15.24%), and the financing sector with $197.31 million (12.85%).

Capital Importation by Country of Origin reveals that the United Kingdom ranked top as the source of capital imported into Nigeria in the second quarter of 2022 with a value of $781.05 million, accounting for 50.87%. This was followed by Singapore and the Republic of South Africa valued at $138.58 million (9.03%) and $122.26 million (7.96%) respectively.

In terms of destination of investments, Lagos state remained the top destination in Q2 2022 with $1.05 billion, accounting for 68.66% of total capital investment into Nigeria. Abuja followed with $453.95 million in investments, accounting for 29.57% of the total value. Notably, apart from Anambra, Ekiti, and Kogi States, all other states recorded no inflows in the period under review.

According to the NBS, Citibank Nigeria Limited ranked highest in Q2 2022 with $450.94 million (29.37%), in terms of categorization by banks. This was followed by Standard Chartered Bank Nigeria Limited with $323.24 million (21.05%) and Stanbic IBTC Bank Plc with $163.92 (10.68%).

Why this matters

Despite the increase in the amount of capital inflows into the largest African economy, the inflows have remained low and is having a significant impact on the supply of forex in the economy. Capital importation is one of the major areas by which the economy has access to foreign exchange, which is currently in high demand in the country.

However, the ripple effect from the covid-19 pandemic and continuous economic headwinds have discouraged foreign investors from bringing their monies into the economy. By implication, if inflows remain low, amidst low export earnings as well as the continuous dwindling state of the country’s crude oil earnings, this could cause a further FX supply gap, which would pile more pressure on the local currency.


Follow us for Breaking News and Market Intelligence.
Tags: Capital inflowFeatured
Samuel Oyekanmi

Samuel Oyekanmi

For further inquiries about this article, contact: Email: samuel.oyekanmi@nairametrics.com Twitter: @OYEKANMISAMUEL Linkedln: Samuel Oyekanmi

Related Posts

CBN, forex
Financial Services

Nigeria’s capital inflow drops to $1.63 billion in November 2024 – CBN 

February 17, 2025
ICT gains N4.1 trillion in 8 months to remain largest sector
Exclusives

Foreign investments in Nigeria’s telecom sector peak at $304 million in half-year 2024 

October 15, 2024
Dollar bond
Currencies

Nigeria’s foreign capital inflow drops by 57.22% to $770 million in April 2024 

August 29, 2024
Meet Dahiru Mangal, a Nigerian billionaire businessman who started out as a truck driver
Profiles

Meet Dahiru Mangal, a Nigerian billionaire businessman who started out as a truck driver

June 3, 2023
How Deola Sagoe left her father's company, Elizade Motors, to build a global fashion brand
Profiles

How Deola Sagoe left her father’s company, Elizade Motors, to build a global fashion brand

May 20, 2023
Nigerian weddings
Lifestyle

The economics of Nigerian weddings

April 30, 2023
Next Post
Nigerian miners urge FG to check Chinese mining of Lithium in Nigeria

Nigerian miners urge FG to check Chinese mining of Lithium in Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Trump confirms U.S. strikes on 3 Iranian nuclear sites, declares ‘spectacular military success’
  • Data gaps limiting access to credit in Nigeria—Sofri MD 
  • Nigeria’s first female fighter pilot, Kafayat Sanni wins top honours at Ghana’s military college

Follow us on social media:

Recent News

Trump halts tariff hikes on most trade partners, raises China duties to 125% 

Trump confirms U.S. strikes on 3 Iranian nuclear sites, declares ‘spectacular military success’

June 22, 2025
Data gaps limiting access to credit in Nigeria—Sofri MD 

Data gaps limiting access to credit in Nigeria—Sofri MD 

June 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics