BUSINESS Capital Inflow Crashes By 80%, As Foreign Investors Shun Nigerian Market

Capital inflow to Nigeria has crashed by 80 per cent in two years, the Central Bank of Nigeria (CBN) reports have indicated.
Specifically, capital inflow to Nigeria fell from $17.1bn in July 2019 to $3.4bn in July 2021.
The apex bank reports showed that Nigeria recorded $17.1bn capital inflow between January and July, 2019.
However, between January and July, 2021, the country recorded only $3.4bn as capital inflow, indicating a fall of 80 per cent.
Furthermore, capital inflow fell from $8.6bn in 2020 to $3.4bn in 2021. The figures were obtained from the CBN’s monthly economic report.
BUSINESS Capital Inflow Crashes By 80%, As Foreign Investors Shun Nigerian Market

Capital inflow to Nigeria has crashed by 80 per cent in two years, the Central Bank of Nigeria (CBN) reports have indicated.
Specifically, capital inflow to Nigeria fell from $17.1bn in July 2019 to $3.4bn in July 2021.
The apex bank reports showed that Nigeria recorded $17.1bn capital inflow between January and July, 2019.
However, between January and July, 2021, the country recorded only $3.4bn as capital inflow, indicating a fall of 80 per cent.
Furthermore, capital inflow fell from $8.6bn in 2020 to $3.4bn in 2021. The figures were obtained from the CBN’s monthly economic report.
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Source: http://www.thetidenewsonline.com

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