August 6, 2025/CSL Research
In Q1 2025, Nigeria recorded total capital importation of US$5.64 billion, marking a 10.86% increase quarter-on-quarter (q/q) and a significant 67.12% rise year-on-year (y/y). This strong performance reflects a clear rebound in investor sentiment and growing confidence in the country’s macroeconomic outlook. Portfolio investments (US$5.2obn) dominated capital inflows, accounting for nearly 92% of the total. These surged by 30.14% q/q and an impressive 150.75% y/y, driven primarily by robust activity in money market instruments, which attracted US$4.21 billion.
The growth in this segment was supported by attractive short-term yields that appealed to foreign investors seeking returns in a high-interest environment. Bond inflows also contributed significantly, rising to US$877.41 million (+165.48% q/q, +108.5% y/y), as investors responded positively to recent debt issuances. Meanwhile, equity investments totalled US$117.33 million. Although equity inflows declined on a q/q basis, the strong y/y growth of 137.68% indicates renewed interest in Nigerian equities, likely spurred by appealing valuations and signs of corporate earnings recovery.
Click here to download full report: CSL Nigeria Daily – 06 August 2025 – Capital Importation.pdf
