Nigeria recorded a sharp rise in capital importation in the first quarter of 2026, with total inflows hitting $10.37 billion, according to data released by the National Bureau of Statistics (NBS)
The figure represents an 83.83 per cent increase compared to $5.64 billion recorded in the same period of 2025, and a 60.97 per cent jump from $6.44 billion in the preceding quarter (Q4 2025), highlighting a strong rebound in foreign inflows into the economy.
The NBS noted that portfolio investment dominated capital inflows during the period, accounting for US$9.86 billion or 95.09 per cent of the total.
Other investments followed with US$374.48 million (3.61 per cent), while foreign direct investment (FDI) remained the weakest component at $135.08 million, representing just 1.30 per cent.
By sector, the banking industry attracted the largest share of inflows, receiving $7.55 billion, equivalent to 72.79 per cent of total capital importation. The financing sector followed with $2.43 billion (23.42 per cent), while manufacturing recorded a modest $152.27 million, or 1.47 per cent.
In terms of origin, the United Kingdom emerged as the largest source of capital, contributing US$5.08 billion (49.01 per cent), followed by the United States with $3.18 billion (30.69 per cent) and South Africa with $983.83 million (9.49 per cent).
On the receiving end, Standard Chartered Bank Nigeria Limited topped the list of capital importation recipients with US$4.41 billion (42.56 per cent), followed by Stanbic IBTC Bank Plc with US$2.78 billion (26.79 per cent), and Rand Merchant Bank with US$930.82 million (8.97 per cent).
The NBS explained that the data, sourced from the Central Bank of Nigeria (CBN), captures fresh capital inflows reported by commercial banks and excludes components such as reinvested earnings under foreign direct investment.
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