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Nigeria receives $2.78 billion foreign inflows in H1 2021, 61% drop from H1 2020


Nigeria received a sum of $2.78 billion as foreign inflows in the first half of 2021, representing a 61.1% decline compared to the $7.15 billion received in the corresponding period of 2020.

This is contained in the capital importation report, recently released by the National Bureau of Statistics (NBS) for Q1 and Q2 2021.

According to the report, foreign direct investments stood at $232.74 million as against $362.84 million recorded in the corresponding period of the previous year.

Foreign portfolio investment (FPI) stood at $1.53 billion, way lower than the $4.69 billion recorded in H1 2020, while other investments stood at $1.02 billion in the review period.

More details shortly…


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