Tag
FOREIGN CAPITAL
The National Bureau of Statistics (NBS) has revealed that African investors (excluding those from Nigeria) contributed 22.76% of the total foreign capital imported into Nigeria in the third quarter of 2024.
Nigeria’s foreign capital inflows from BRICS nations have surged by 189% in the first half of 2024, amid the country’s ongoing efforts to secure a spot within the expanded BRICS coalition.
Nigeria witnessed a significant uptick in capital inflows, marking a 66.27% surge when juxtaposed with figures from the 3rd quarter of 2023.
FCT is struggling to recover from a significant crash in foreign capital recorded in the second quarter of 2023 after the 2023 elections.
Nigeria has recorded a notable influx of foreign capital from Niger, amounting to $15.27 million in the third quarter of 2023, despite the political upheaval caused by the coup in Niger.