Nigeria’s foreign capital imports drops by 9% in Q2, 2023 

In the second quarter of 2023, Nigeria’s foreign capital importation dropped by 9.04% when compared to the preceding quarter (first three months of 2023) according to the foreign capital report from the National Bureau of Statistics.  

When compared on a year-on-year basis, the country’s foreign capital declined by 32.90% from $1.53bn in the second quarter of 2022 to $1.03bn in Q2, 2023. 

On investments, accounting and finance raked the most capital imports recording 81.28% ($837.34 million) of all capital imports.