Capital inflows into Nigeria rose sharply to $5.64 billion in the first quarter of 2025, a 67.12% jump from $3.38 billion recorded in the same period of 2024, according to the National Bureau of Statistics’ (NBS) Nigeria Capital Importation Q1 2025 report. The figure also represents a 10.86% increase from $5.09 billion in the fourth quarter of 2024.
Portfolio investment dominated with $5.2 billion, accounting for 92.25% of total inflows, followed by other investment at $311.17 million (5.52%). Foreign Direct Investment (FDI) was the smallest contributor at $126.29 million, representing 2.24% of total capital importation.
The banking sector led all industries, attracting $3.13 billion (55.44%), followed by the financing sector at $2.10 billion (37.18%) and the production/manufacturing sector at $129.92 million (2.30%).
By country, the United Kingdom was the largest source of inflows with $3.68 billion (65.26%), followed by South Africa with $501.29 million (8.88%) and Mauritius with $394.51 million (6.99%).
In terms of destinations, Abuja (FCT) topped with $3.05 billion (54.11%), ahead of Lagos State with $2.56 billion (45.44%). Ogun, Oyo, and Kaduna States followed distantly with $7.95 million, $7.81 million, and $4.06 million respectively.
Standard Chartered Bank Nigeria Ltd handled the largest share of inflows at $2.10 billion, followed by Stanbic IBTC Bank Plc with $1.40 billion and Citibank Nigeria Limited with $1.05 billion.
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