Nigeria'scapital inflow surges to $16.7bn in 9 months, but portfolio reliance raises sustainability questions

Nigeria attracted $11.1 billion in capital importation during Q2 and Q3 2025, bringing the first nine months' total to $16.7 billion. This marks a significant increase from 2024's $12.32 billion, though the data was delayed for six months. Portfolio investment dominated inflows, accounting for over 97% of total capital raised, with financial services (Banking and Financing) absorbing 70-80% of inflows. Foreign Direct Investment remained minimal at under $600 million cumulatively. The surge mirrors 2019's yield-driven inflows, which reversed during COVID-19, highlighting potential sustainability risks if policy shifts or global shocks occur.

SOURCE: https://nairametrics.com/2026/02/15/capital-importation-reaches-16-7bn-in-9m-2025-6-year-high/