Nigeria pulls in $10.37bn of foreign capital in Q1 2026 — but 95% is portfolio 'hot money', not FDI
Capital importation jumped 83.8% year-on-year to a multi-year-high $10.37bn in the first quarter of 2026, NBS data shows. The inflows are helping rebuild reserves and steady the naira — but portfolio funds made up 95% of the total while foreign direct investment was just $135m.