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Nigeria

Nigeria: Imported capital drops 24% m/m to USD 662mn in March

    Research Team
    Research Team

    Research Team

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    EmergingMarketWatch
    12 May 2021
    • 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