Nigeria's Banking Sector Sees 93% Surge in Foreign Inflows

In 2025, foreign capital inflows into Nigeria's banking sector increased by 93% to $13.53 billion, reflecting heightened investor interest amid ongoing recapitalization efforts. The Central Bank of Nigeria (CBN) reported that the total capital import for the year reached $23.22 billion, representing an 88.5% growth from $12.32 billion in 2024.

The inflows were strong throughout the year, with the first quarter recording $3.13 billion, a 51.3% increase from the same period in 2024. The second quarter saw inflows rise to $3.41 billion, while the third quarter recorded $3.14 billion, marking a 442.2% increase.

The fourth quarter reached $3.85 billion. The CBN's Governor, Olayemi Cardoso, noted that 32 banks had already met the new capital requirements set by the bank, significantly strengthening the resilience of the Nigerian banking system.

The recapitalization program aims to mobilize long-term capital to support economic growth and transition towards a $1 trillion economy.