LAGOS — Nigeria’s total capital importation rose to $6.44 billion in the fourth quarter of 2025, representing a 26.6% increase compared to the $5.09 billion recorded in the corresponding period of 2024.
Data released by the National Bureau of Statistics (NBS) on Wednesday shows that the country also recorded a 7.13% growth in capital inflows on a quarter-on-quarter basis, up from the $6.01 billion reported in Q3 2025.
“In comparison to the preceding quarter, capital importation increased by 7.13% from $6,014.77 million in Q3 2025.” NBS noted.
Portfolio Investment remained the primary driver of foreign capital into the economy, accounting for $5.49 billion or 85.14% of the total. Within this segment, money market instruments led with $3.08 billion, followed by bonds at $1.97 billion. Other Investment stood at $599.65 million (9.31%), while Foreign Direct Investment (FDI) contributed $357.80 million (5.55%).
| Portfolio Investment Capital inflow | Amount |
| Money market instruments | $3.08 billion |
| Bonds | $1.97 billion |
| Foreign Direct Investment (FDI) | $357.80 million |
| Other Investment | $599.65 million |
| Total | $5.49 billion |
Source: NBS
The banking sector emerged as the largest recipient of these inflows, attracting $3.85 billion, which represents 59.75% of the total capital imported. The financing and production sectors followed, receiving $1.94 billion and $308.93 million, respectively.
Analysis by country of origin indicates that the United Kingdom was the leading source of capital for Nigeria during the quarter, with $3.73 billion (57.94%). The United States followed with $837.91 million (13%), while South Africa ranked as the third-largest contributor.
Lagos State remained the top destination for capital investment in Nigeria, followed by the Federal Capital Territory (FCT). Together, both locations continued to account for the vast majority of the country’s total foreign capital entry.
