Nigeria Attracts $1.57 billion in Capital Inflows

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Nigeria attracted a total of $1.57 billion in capital inflows in the first quarter of 2022, falling by 28.1% compared to $2.19 billion recorded in the previous quarter.

According to the National Bureau of Statistics, Nigeria’s capital importation declined by 17.46% from $1.91 billion received in Q1 2021.

The largest amount of capital importation by type was received through Portfolio Investment, which accounted for 60.87%.

Written by: Helen Obih

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