Nigeria reported its lowest capital importation inflows this year in the third quarter of 2024, falling to $1.25 billion. This is according to the National Bureau of Statistics data released on Saturday.
The capital importation report for Q3 of 2024 fell by 51.9 percent from $2.6 billion in Q2 of 2024.
The Q3 2024 figure also reflects a sharp contrast to $3.4 billion inflows recorded in Q1 this year, signaling three straight declines this year.
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Despite the slump in overall capital importation, foreign investment into Nigeria increased by 248 percent to $289 billion in Q3 from $103 billion in Q2, reflecting renewed confidence in the economy, albeit gradually.
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