Nigeria’s total capital importation rose to $5642.07 million in Q1 2025, higher than the $3376.01 million recorded in Q1, 2024, indicating an increase of 67.12%.
The National Bureau of Statistics (NBS), in its Q1, 2025 Capital Importation Report released on Tuesday, said in comparison to the preceding quarter, the capital importation increased by 10.86% from US$5089.16 million in Q4 2024.
According to the NBS report, Portfolio Investment ranked top with US$5204.61 million, accounting for 92.25%, followed by Other Investment with US$311.17 million, accounting for 5.52%. Foreign Direct Investment recorded the least with US$126.29 million (2.24%) of total capital importation in Q1 2025.
The report said the Banking sector recorded the highest inflow with US$3127.92 million, representing 55.44% of total capital imported in Q1 2025, followed by the Financing sector, valued at US$2097.48million (37.18%), and Production/ Manufacturing sector with US$129.92 million (2.30%).
Going by the report, Capital Importation during the reference period originated largely from the United Kingdom with US$3681.96 million, showing 65.26% 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%).
It said 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 54.11% of the total capital imported. Lagos State followed with US$2564.68 million (45.44%), and Ogun state with US$7.95million (0.14%). Others were Oyo and Kaduna States with US$7.81 Million and 4.06 Million respectively.
The report revealed that Standard Chartered Bank Nigeria Ltd received the highest capital importation into Nigeria in Q1 2025 with US$2103.76 million (37.29%), followed by Stanbic IBTC Bank PLC with US1398.38$million (24.78%) and Citibank Nigeria Limited with US$1052.63 (18.66%).
