Nigeria’s economy experienced increased capital importation in the second quarter of 2024, a significant improvement in the same period in 2023.
Nigeria's capital importation grew by over 154 per cent in the second quarter of 2024 Credit: NurPhoto/ContributorSource: UGCFDI drops in the second quarter of 2024According to data from the National Bureau of Statistics (NBS), the country’s capital importation highlights the robust performance of the banking sector in attracting foreign capital during the period.
Capital importation is the inflow of foreign investments into a country, spanning funds and assets brought by foreign investors to support projects, establish businesses, or invest in various sectors.
The National Bureau of Statistics (NBS) disclosed this in its latest capital importation report for Q2 2024.
The report said that the number of Nigerian states without investments declined from 27 in the second quarter of 2023 to the same period this year...
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