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Research Team
Research Team
12 May 2021
Published by
EmergingMarketWatch
Nigeria: Imported capital drops 24% m/m to USD 662mn in March
Research Team
Research Team @
EmergingMarketWatch
12 May 2021
Research Team
Research Team
12 May 2021
Published by
EmergingMarketWatch
- M/M drop in March driven by slowing portfolio inflows into money market instruments, loans
- March saw strong inflow of USD 111mn into local bonds
- Global uncertainty and Nigeria's vulnerability to external shocks have kept foreign investors away since March 2020
- In Jan-Mar, imported capital slumped to USD 1.9bn from USD 5.9bn one year earlier
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