Nigeria, in the first quarter of 2025, recorded a total capital importation of $5.642 billion, which is 67.12 percent higher than the $3.376 billion recorded in Q1 2024 and 10.86 percent higher than the $5. 089 billion recorded in Q4 2024, the National Bureau of Statistics report has revealed.
Of the total investments, Portfolio Investment ranked top with $5.204 billion, followed by other investment at $311.17 million and foreign direct investment stood at $126.29 million.
Banking sector recorded the highest inflow with $3.127 billion, representing 55.44 percent of total capital imported in Q1 2025, followed by the Financing sector, valued at $2097.48million (37.18%), and Production/Manufacturing sector with $129.92 million (2.30%).
Read also: Naira remains stable despite slowing FX inflows
The report showed that capital importation during the reference period originated largely from the United Kingdom with $3.681 billion, which is 65.26 percent of the total capital imported. This was followed by the Republic of South Africa with $501.29 million (8.88 percent) and Mauritius with US$394.51 million (6.99 percent).
Out of the five states that recorded capital importation during the quarter, Abuja (FCT) remained the top destination with $3.047 billion, accounting for 54.11 percent of the total capital imported. Lagos State followed with $2.564 billion (45.44 percent), and Ogun state with $7.95million (0.14 percent). Others were Oyo and Kaduna States with $7.81 million and 4.06 million respectively.
Standard Chartered Bank Nigeria Ltd received the highest capital importation into Nigeria in Q1 2025 with $2.103 billion, followed by Stanbic IBTC Bank PLC with $1.398 billion and Citibank Nigeria Limited with $1.052 billion.
