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He Failed to Deliver, Stopped CommunicatingLagos Lecturer Bags Life Sentence for RapeAkpoti Accuses Akpabio of Making Repeated Suggestive Remarks to HerAnother Nigerian Wants £9,000 Back from ‘Oluomo of Derby’ Over Failed CoS DealPassengers Stranded as Air Peace Moves Abuja–Lagos Flight 3 Times in 24 HoursLagos Lawmaker Confirms APC Leadership’s Involvement in Speaker TussleLagos Customer’s N53,000 Missing Between GTB, Wema, Baxi for 5 MonthsIreland Names Fifth Suspect in Asylum-Seeking Nigerian’s Murder CaseFUOYE Panel Gets Additional 3 Weeks to Present Sexual Harassment Report on VC FasinaNAFDAC Silent 7 Weeks After ‘Inviting’ Chinese Supermarket That Sold Expired, Unwholesome Products to NigeriansAfter FIJ’s Story, Oluomo of Derby Refunds Nigerian Vet’s £7,000Everything DSS Detainee Usman Okai Said About Kogi Gov OdodoEx-NDDC Boss Joy Nunieh Recalls How She ‘Slapped Akpabio for Sexual Harassment’He Won His Case but Not His Life. 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Trending News: Staff Say Military Men Invaded Ikeja Electric, Assaulted Them Over Power DisconnectionSales Rep Elohor Moses Ibeh Took Customer’s N13.8m for 3 Trucks of Cement. 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They Refused to Deliver or RefundAfter FIJ’s Story, Olumodimu Brothers Pay N400,000 Debt to Lagos TailorKidnappers Make N46.1m From Abducting NYSC Members in 2 YearsOPay Withholds Ibadan Woman’s N90,000 Erroneous Transfer Despite 2-Month-Old Court OrderKPMG’s Choice Lucian Chukwu Outshone 51 Candidates for Admiralty University VC, But Registrar Wants CBN OgbogboJUST IN: Afenifere Youth President Freed After 12 Days in CaptivityTwo UK Policemen to Be Questioned for Failing to Prevent Nigerian Woman’s DeathAuthorities Let Rumours Fly as Kidnapped General Spends 4th Week in CaptivityPolice Make No Arrest 3 Days After Kazeem Oriade, Gunmen Attacked Osun TownFG, Katsina Mute 48 Hours After Hisbah Ordered Statewide School ClosureEXPLAINED: Nigerian Banks’ March 1 Email — Who Pays What, Where?Olusegun Ayokunle Olumodimu Refuses to Pay Lagos Tailor N268,519 Balance 3 Weeks After Collecting ClothesHundreds of Air Peace’s Abuja-Lagos Passengers Sleep at Airport Overnight After Multiple Postponements of 2 FlightsSPOTTED: NASS Quietly Increases 2025 Budget by N170bn Through Service Wide VoteUK-Based Nigerian Paid BDC Operator N1.98m for £1,000. He Failed to Deliver, Stopped CommunicatingLagos Lecturer Bags Life Sentence for RapeAkpoti Accuses Akpabio of Making Repeated Suggestive Remarks to HerAnother Nigerian Wants £9,000 Back from ‘Oluomo of Derby’ Over Failed CoS DealPassengers Stranded as Air Peace Moves Abuja–Lagos Flight 3 Times in 24 HoursLagos Lawmaker Confirms APC Leadership’s Involvement in Speaker TussleLagos Customer’s N53,000 Missing Between GTB, Wema, Baxi for 5 MonthsIreland Names Fifth Suspect in Asylum-Seeking Nigerian’s Murder CaseFUOYE Panel Gets Additional 3 Weeks to Present Sexual Harassment Report on VC FasinaNAFDAC Silent 7 Weeks After ‘Inviting’ Chinese Supermarket That Sold Expired, Unwholesome Products to NigeriansAfter FIJ’s Story, Oluomo of Derby Refunds Nigerian Vet’s £7,000Everything DSS Detainee Usman Okai Said About Kogi Gov OdodoEx-NDDC Boss Joy Nunieh Recalls How She ‘Slapped Akpabio for Sexual Harassment’He Won His Case but Not His Life. The Lagos Engineer Who Died on the Day Court Invalidated His SackOluomo of Derby Owes Nigerian Vet £7,000 Refund 17 Months After Failed CoS DealPolice Arrested Lagos Resident. 24 Hours Later, He Wound Up DeadJTF Killed FUDMA Student on Bike. Protest, Shutdown Followed3 Months Later, Marela Sky Travels Yet to Refund Lagos Man’s N496,000‘Get Ready to See Your Obituary’, FCCPC-Approved Cashrun Threatens BorrowerLess Than 24 Hours After FIJ’s Story, MTN Restores Ekiti Resident’s 1.49TB DataJUST IN: Auxiliary Nurse to Face Charges Over Mohbad’s DeathABANDONED: Orelope-Adefulire’s OSSAP-SDGs Office Built 3 Buildings in 2022. 3 Years After, No One Has Used ThemMTN Can’t Explain Where Ekiti Resident’s N150,000 Data Went Days After SubscriptionKaduna Woman Stranded in Lagos for 4 Days Because Air Peace Keeps Postponing Her FlightFACT-CHECK: Peter Obi Deleted X Post About ‘Father Figure’ Babangida?‘Canadian Immigration Consultant’ Adaku Asinobi-Metu Took Over N200m From Clients, Blocked Them, Then VanishedDana Air Yet to Refund Abuja Resident’s N73,080 for Flight Cancelled 10 Months AgoAfter FIJ’s Story, Ibom Air Refunds N466,050 to Abuja ManUS-Based Nigerian Teenager Dies ‘After Taking Part in Dangerous Social Media Challenge’FLASHBACK: Buhari on Knowing Babangida Was Planning to Overthrow HimLagos Couple Paid N230,000 But Never Got Passports for 7 Months. NIS Gave Them 4 Days After FIJ’s StoryPer Nigerian Law, Dadiyata Has One Year Till He’s Presumed DeadHow UBA’s Delayed Action Cost PoS Agent N900,000 After Erroneous Transfer‘We Stand by Our Bloody August Report’, Says Amnesty International 5 Weeks After Police ThreatSPOTLIGHT: From Bitter Enemies to Co-Founders of Interfaith Org… How Nigerian Imam, Pastor Won £50,000 Commonwealth Peace PrizeGun-Wielding Lagos Policemen Break Into Man’s House in Mufti, Kidnap HimFidelity Bank Yet to Return Lagos Woman’s N554,256 That Vanished From Its ATM 6 Months AgoWema Bank Helps Fraudster Slip Away by Ignoring Court Order, Police ReportNiger Resident Paid Hybrid Eco Solar N15,900 for Stove. 3 Weeks Later, No DeliveryIbom Air Withholds Abuja Businessman’s N416,100 Refund for 6 WeeksEKEDC Yet to Give Lagos Neighbourhood New Transformer 4 Months After NERC Order‘Cheap and Foolish Insinuation’ — IBB on ‘Involvement’ in Dele Giwa’s AssassinationAfter FIJ’s Story, Aero Contractors Refunds Civil Servant’s N69,000 Withheld for 10 MonthsKidnappers Demand N100m Ransom Within 48 Hours for Afenifere Youth Leader’s LifeStudents Decry Inconsistent NELFUND Loan Disbursements, Interests‘House Agent’ Isaac Kunle Olagunju Swaps Lagos Couple’s N250,000 Rent for Crooked CollateralWorld Social Justice Day: What Injustice Looks Like in NigeriaHow Lagos Laws Let Landlords Increase Rent Without RestraintSPOTTED: Police Ministry Spending N60.4m to Assess Barracks, N67m for ‘Cooperation’ With Security AgenciesAkpabio’s ‘Take Her Out’ Order, Akpoti’s Claims Reveal Senate President’s Bullying BehaviourStelmat Nigeria Withholds Lagos Investor’s N2m Capital, Profits for 4 YearsSmuggler ‘Ope Ilashe’ Is in Police Custody Over Assassination of FIJ’s Witness. But This Is Not His First Murder CaseTravel Agency CEO Maryam Alkali Fails to Refund Kano Client’s N1.35m on Valentine’s Day DeadlineCourt Strikes Out FUOYE VC’s Defamation Case Against Ex-LecturerCourt Rejects Charges From FUOYE VC’s Defamation Petition Against Ex-Lecturer‘Alat by Wema’ Fraudster Steals Plateau Woman’s N102,000Lekki Scheme II Residents Protest EKEDC’s 4-Hours-in-2-Days Power SupplyAfter FIJ’s Intervention, PoS Agent Recovers N600,000 Stuck Between OPay, eTranzactNigerians Bribe Officials to Modify Data Following NIMC Website Frustrations
Mon. Apr 21st, 2025

‘Nigeria’s Capital Importation Fell 22.85% Between April, June’, NBS Reports

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The National Bureau of Statistics (NBS) has reported that Nigeria’s capital importation fell by 22.85% to $2.6 billion in the second quarter.

Capital importation includes the funds or financial resources such as assets that come into a country through foreign investors or companies.

According to the report published on Tuesday, the NBS stated that the $2.6 billion means that capital decreased from Q1’s $771.51 million, a 22.85% drop.

READ ALSO: After ‘Social Media Suspension’ Comment, NCoS Replaces DCP Who ‘Beat Inmates Like Goats’

However, the report stated that the $2.6 billion in Q2 2024 means that the country witnessed an increased capital importation on year-on-year terms when compared with the same quarter in 2023, which was just $1.30 billion.

“The banking sector recorded the highest inflow with US$1,123.95 million, representing 43.15% of total capital imported in Q2 2024, followed by the Production/Manufacturing sector, valued at $624.71 million (23.99%), and Trading sector with $569.22 million (21.86%),” the report highlighted.

“Capital Importation during the reference period originated largely from the United Kingdom with $1,120.15 million, showing 43.01% of the total capital imported. This was followed by the Netherlands with $577.82 million (22.19%) and the Republic of South Africa with $255.98 million (9.83%).”

The report also showed that Lagos and Abuja received almost 100% of the inflows at $1,367.84 million (52.52%) and $1,236.64 million (47.48%) respectively. Ekiti State received $0.0003 of the inflows.

The report also highlighted that banks received the highest percentage of the capital imports.

“Citibank Nigeria Limited received the highest capital importation into Nigeria in Q2 2024 with S$818.46 million (31.43%), followed by Standard Chartered Bank Nigeria Limited with $654.79 million (25.14%) and Rand Merchant Bank Plc with $488.59 (18.76%),” the NBS wrote.
The post ‘Nigeria’s Capital Importation Fell 22.85% Between April, June’, NBS Reports appeared first on Foundation For Investigative Journalism.

    • Michael Andeyin

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