Tag
CAPITAL IMPORTATION
Foreign capital inflows into Nigeria’s banking sector rose sharply to $7.0 billion in 2024, the highest annual figure...
Nigeria’s total capital importation for the third quarter (Q3) of 2024 witnessed a 51.90% decline from the previous quarter, falling to $1.25 billion.
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.
While some nations have scaled back in their investments in Nigeria, this article features top ten countries that have ramped up their investments in the country.
This article features top ten sectors with the highest capital importation between January and June 2024.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that capital importation has risen to $5.92 billion between January and June 2024.
The Q1 2024 figure surpassed the total FDI the sector recorded in 2023, which stood at $134.75, according to the NBS data.
During the fourth quarter of 2023 (Q4 2023), Lagos State maintained its position as the leading recipient of capital influx into Nigeria.
Data from the Capital Importation Report for the third quarter of the year shows that approximately 78% of the capital imported into Nigeria comprised foreign loans, amounting to $507.71 million.
Nigeria attracted a sum of US$1.060.73 as capital importation in Q4 2022, a sum lower than US$2.187.63 billion recorded in Q4 2021.
Nigeria attracted a sum of $4.89 billion as capital importation between January and November 2022 representing a 12.3% decline
Nigeria’s telecommunications sector attracted a total of $153.5million capital importation in Q2 2022.