NewsOnline Nigeria reports that Nigeria attracted $5.6 billion in capital inflows during the first quarter of 2025, a 67 percent surge from $3.4 billion in Q1 2024, according to fresh data released by the National Bureau of Statistics (NBS).
The NBS report shows the banking sector led inflows with $3.1 billion (55.4%), followed by financing with $2.1 billion (37.2%), while the UK topped as Nigeria’s largest source of inflows, contributing $3.7 billion (65.3%).
Analysts attribute the sharp rise to sweeping monetary reforms by the Central Bank of Nigeria (CBN) under Governor Olayemi Cardoso, including clearing forex backlogs, naira stabilization, and reduced market interventions.
Portfolio investments dominated at $5.2 billion (92.2%), while foreign direct investment remained weak at just $126.3 million.
The CBN says banking recapitalisation is underway to support President Bola Tinubu’s $1tn GDP target by 2030, with experts describing the Q1 surge as a major boost to investor confidence.
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