Stanbic IBTC Bank has emerged as a major driver of Nigeria’s impressive capital importation growth in the first quarter of 2024. According to the National Bureau of Statistics (NBS), Nigeria attracted $3.38 billion in foreign investment, a 210% increase compared to the previous quarter up from the $1.09 billion recorded …
Read More »Telecoms Sector Attracts $446.82 Million Foreign Investments in 2022
…As Sector Attracts 15.86% of Nigeria’s Total Foreign Investment Compared to $107.46 million foreign investments attracted in 2021, the telecommunications sector has in 2022 recorded $456.82 million foreign investments, an increase of 325.12%. According to the capital importation data from the National Bureau of Statistics, telecoms sector continued to retain …
Read More »Capital Importation Drops to $1.06 Billion in Q4’22
Nigeria’s Capital Importation recorded the fourth consecutive quarterly decline to $1.06 billion in the fourth quarter of 2022 (Q4’22), from $1.15 billion in Q3’22. Data from the National Bureau of Statistics, NBS, Capital importation report for Q4 ’22 showed that Capital Importation fell quarter-on-quarter by 27 per cent to $1.57 …
Read More »Capital Importation Drops by 82% to $1.57 Billion
Capital importation into Nigeria has fallen by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57bn in the corresponding quarter of 2022, according to data from the National Bureau of Statistics. Based on the NBS’s ‘Nigerian Capital Importation’ reports for the first quarters of 2019, …
Read More »Capital Importation Decline by 32% in October 2021 as UK, S/Africa Investments Inflows Drop
The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 per cent to $500m in October 2021, from $660m recorded in September. The CBN disclosed these figures in its latest monthly economic report (October) recently released on the bank’s official website. The decline is …
Read More »Capital importation falls by N1.68tn – CBN
Foreign investors appear to have boycotted the Nigerian market as capital importation has dropped by $4.08bn (N1.68tn) in one year, latest statistics have shown. Between January and September 2020, total capital importation amounted to $8.55bn, data from the National Bureau of Statistics revealed. However, according to the latest capital importation …
Read More »Telecoms Sector in Nigeria Attracts N823 Billion Investment
…Foreign direct investments dip by 78% in H1 2021 Two major operators in Nigeria telecoms sector, MTN Nigeria and Airtel Africa Plc, have attracted a total of $2billion (approximately N822.66billion) investment into their operations. This is even as foreign direct investments (FDIs) into the industry dipped sharply by 78 per …
Read More »Foreign Direct Investment Falls by 33% in January – CBN
Foreign Direct Investment dipped by 33.3 per cent which amounted to $30m in January, latest statistics obtained from the Central Bank of Nigeria revealed on Wednesday. According to figures obtained from the CBN’s January report on capital importation and capital outflow, the FDI at $90m in December fell to $60m …
Read More »Foreign Direct Investment in Nigeria’s Telecom Sector Stands at $930 million
Coming after three years of continuous fall of Foreign Direct Investment (FDI) into Nigeria’s telecommunications industry, the capital importation has bounced back. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said that the telecoms sector has pulled in Foreign Direct Investment of $930 million. …
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