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NIGERIA’S 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.
The total foreign capital inflows to Nigeria from African investors (excluding Nigerian contributions) accounted for 19.45% of the total capital importation in the second quarter of 2024.
In an unexpected turn of events, sharply contrasting with prior optimistic outlooks on US-Nigeria economic relations, Nigeria observed a dramatic 88% fall in its foreign capital intake from the United States during the last quarter of 2023, according to the National Bureau of Statistics (NBS).