Nigeria’s capital importation jumps 67% to $5.64bn in Q1 2025, says NBS
National Bureau of Statistics (NBS) on Tuesday disclosed that capital inflows into Nigeria surged to $5.6 billion in the first quarter of 2025, representing a 67.12per cent increase compared to $3.4 billion recorded in the same period of 2024.
NBS in a report titled “Nigeria Capital Importation Q1 2025” revealed that the figure also reflects a 10.86per cent rise from the $5.1 billion reported in the fourth quarter of 2024.
“In Q1 2025, total capital importation into Nigeria stood at $5642.07 million, higher than US$3376.01 million recorded in Q1 2024, indicating an increase of 67.12 per cent. In comparison to the preceding quarter, capital importation increased by 10.86per cent from US$5089.16 million in Q4 2024,” the report stated.
The NBS also stated that portfolio investment ranked top with $5.2 billion, accounting for 92.25perr cent, followed by other investment with $311.17 million, accounting for 5.52per cent.
According to the NBS, “Foreign Direct Investment recorded the least with US$126.29 million accounting for 2.24per cent of total capital importation in Q1 2025.”
According to the NBS, the banking sector took the lead with the highest inflows in Q1 2025.
The report stated, “The Banking sector recorded the highest inflow with US$3127.92 million, representing 55.44per cent of total capital imported in Q1 2025, followed by the Financing sector, valued at US$2097.48million (37.18per cent), and Production/Manufacturing sector with US$129.92 million (2.30per cent).”
The report further noted that capital importation during the reference period originated largely from the United Kingdom with $3681.96 million, showing 65.26per cent of the total capital imported.
“This was followed by the Republic of South Africa with US$501.29 million (8.88%) and Mauritius with US$394.51 million (6.99%),” NBS stated.
The report noted that the Federal Capital Territory and Lagos received the highest amount of capital importation in Q1 2025.
“Out of the five states that recorded capital importation during the quarter, Abuja (FCT) remained the top destination with US$3047.45 million, accounting for 54.11per cent of the total capital imported. Lagos State followed with US$2564.68 million (45.44per cent), and Ogun State with US$7.95million (0.14per cent).
“Others were Oyo and Kaduna States with US$7.81 Million and 4.06 Million respectively,” the NBS report stated.
The report noted further noted that Standard Chartered Bank Nigeria Ltd received the highest capital importation into Nigeria in Q1 2025 with $2.10 billion, followed by Stanbic IBTC Bank PLC with $1.40 billion and Citibank Nigeria Limited with $1.05 billion.
