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.
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.