March 31, 2022/Coronation Research

The National Bureau of Statistics (NBS) has released its latest report on capital importation for Q4 ’21. The data was obtained from the CBN and compiled using information on banking transactions from all registered financial institutions in Nigeria.

The total value of capital imported in Q4 ‘21 was estimated at USD2.2bn, representing a rise of 26.4% q/q and 109.3% y/y. However, for FY ‘21, the total value of capital imported was estimated at USD6.7bn, representing a decline of 30.6%y/y from USD9.7bn recorded in 2020. The capital importation data is gross, and not adjusted for capital exports.   

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