Capital importation drops 22% to $2.6bn as banking sector leads inflows

Oct. 8, 2024 - Vanguard

This was revealed in the National Bureau of Statistics’ (NBS) Capital Importation Report for Q2’24, released today. NBS said: “In Q2’ 2024, total capital importation into Nigeria stood at $2.

6 billion, higher than $1.03 billion recorded in Q2 2023, indicating an increase of 152.

81 percent. “Foreign Direct Investment recorded the least with $29.

83 million (1.15%) of total capital importation in Q2 2024.

”Capital Importation during the reference period originated largely from the United Kingdom with$1,120.15 million, showing 43.

01% of the total capital imported. “ Out of the three states that recorded capital importation during the quarter, Lagos state remained the top destination with $1.

37 billion, accounting for 52.52% of the total capital imported.

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