Nigeria Attracts $1.57 billion in Capital Inflows
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%.
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