The banking sector was the driver of the $5.6bn capital inflows the country attracted in the first three months of this year, according to the latest data from the National Bureau of Statistics. The sector brought in $3.1bn, accounting for 55.44 per cent of the country’s total capital importation during this period. This made the banking sector the toast of foreign investors...READ FULL; ORIGINAL POST; FROM SOURCE.
The capital imported into the country in Q1 2025 was $5.64bn, reflecting a 67.12 per cent increase compared to the $3.38bn recorded during the same period in 2024. This was despite the manufacturing sector losing $62m in capital importation during this period.
Foreign investors’ attraction to the sector was not accidental; it was on the…For More Details, Read The Full Story Here.