Nigeria's Foreign Portfolio Investment Hits $3.37 Billion in January

In January 2026, Nigeria recorded a significant increase in foreign portfolio investment inflows, amounting to $3.37 billion, which represented 95.72% of the total capital importation for the month. According to a report from the Central Bank of Nigeria (CBN), total capital inflow rose to $3.52 billion, marking an increase of 181.6% from $1.25 billion in December 2025.

This surge was attributed to a heightened interest from foreign investors in Nigerian bond and money market instruments, driven by improved macroeconomic conditions, a stable exchange rate, and reduced inflationary pressures. The CBN noted that the economy maintained a positive trade balance during this period, with external reserves climbing to 48.88 billion naira.

However, foreign direct investment remained subdued, with inflows dropping to $30 million, a significant decline from $150 million in the previous month. The banking sector was the primary destination for foreign funds, while the manufacturing sector attracted a marginal share of total inflows.