Nigeria attracted $5.64 billion in capital importation in Q1 2025, marking a strong return of investor confidence. The figure represents a 67.1% increase year-on-year and a 10.9% rise from Q4 2024.
For the first time, the Federal Capital Territory (FCT), Abuja, outperformed Lagos as the top destination for foreign capital. Abuja received $3.05 billion (54.1% of the total), while Lagos secured $2.56 billion (45.4%).
Ogun, Oyo, and Kaduna trailed behind with inflows of $7.95 million, $7.81 million, and $4.06 million, respectively.
Portfolio investments dominated, contributing $5.2 billion over 92% of total inflows. Other investments totaled $311.2 million, while foreign direct investment (FDI) remained low at $126.3 million.
The banking sector attracted the most capital, receiving $3.13 billion (55.4%). Financing followed with $2.10 billion (37.2%), while manufacturing brought in just $129.9 million (2.3%).
The United Kingdom was Nigeria’s largest capital source, providing $3.68 billion (65.3%). South Africa followed with $501.3 million, and Mauritius contributed $394.5 million.
Standard Chartered Bank Nigeria led capital processing with $2.10 billion. Stanbic IBTC handled $1.40 billion, while Citibank Nigeria facilitated $1.05 billion.
Analysts link Abuja’s lead to improved infrastructure, regulatory access, and growing financial activity. Its central role in national policy and institutional engagement adds to its appeal.
The positive capital trend reflects confidence in Nigeria’s reforms and policy direction. With macroeconomic stability measures underway, foreign capital is expected to maintain momentum in coming quarters.
