Capital inflows into Nigeria surged by nearly 90% in 2025, signalling renewed investor appetite, largely anchored in high-yield opportunities within the country’s financial markets.
According to data released on 26 March 2026, net foreign capital rose to $23.22 billion from $12.32 billion in 2024, marking a decisive upswing driven primarily by foreign portfolio investment. This category alone climbed to $19.74 billion, compared to $8.38 billion the previous year, accounting for approximately 85% of total inflows.
The momentum was most pronounced in money-market instruments, which attracted $13.83 billion, while bond investments experienced a dramatic increase, rising nearly fivefold to $4.89 billion. Equity portfolio inflows also advanced, reaching $2.10 billion.
By contrast, foreign direct investment remained relatively subdued, inching up modestly to $923 million from $675 million in 2024. This reflects a cautious stance among investors when it comes to long-term capital commitments, even as short-term financial opportunities gain traction. Other investment flows, including loans, declined to $2.55 billion from $3.27 billion, though the banking sector continued to serve as a key recipient of inflows.
Analysts suggest the trend underscores a broader shift in investor strategy—one focused more on yield optimisation than structural economic engagement—leaving Nigeria more exposed to volatility in global financial conditions, should sentiment shift.