June 8, 2026/Coronation Report

According to data from the National Bureau of Statistics Nigeria’s total capital importation surged by 83.8% year on year to a record US 10.37 billion in Q1 2026 driven overwhelmingly by foreign portfolio investment.  

The inflow profile shows sustained foreign investor interest in Nigeria’s high yield fixed income and money market instruments, supported by the elevated interest rates reflecting Central Bank of Nigeria’s restrictive monetary stance Nonetheless, the concentration of inflows remains a key vulnerability, with FPI accounting for 95.1% of total capital importation, while foreign direct investment contributed only 1.3% underscoring the fragile and reversible nature of the current capital flow cycle.

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