Banks entice $16.78 billion in capital inflows in 9 months

Banks working in Nigeria recorded a mixed $16.78 billion in capital inflows between January and September 2025.

The determine represents a 131.81% enhance in comparison with the $7.236 billion recorded throughout the identical interval in 2024, as international buyers poured cash into FPIs.

That is in accordance with the newest Capital Importation (Q3 2025) report launched by the Nationwide Bureau of Statistics (NBS).

The capital importation report reveals about 97% of whole capital flows entered international portfolio investments, with solely 3.3% in international direct investments.

This means the banks had been used as a supply of transferring the funds quite than being the ultimate beneficiary of the proceeds.

What the information is saying 

The report reveals that capital importation in Q3 2025 stood at $6.01 billion, a pointy 380.16% enhance from the $1.252 billion recorded in Q3 2024.

• In Q2 2025, whole inflows reached $5.120 billion, up 96.60% from $2.60 billion in Q2 2024.
• Earlier within the yr, Q1 2025 capital importation rose to $5.64 billion, marking a 67.12% enhance in comparison with $3.38 billion recorded in Q1 2024.
• Collectively, these quarterly performances pushed whole inflows for the primary 9 months of 2025 to $16.774 billion, reflecting renewed investor confidence and a major restoration in international capital flows.
• Solely $590 million of the full capital importation went into Fairness Investments and $13.6 billion into bonds and cash market investments.

In November 2025, the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, disclosed on the sixtieth Annual Bankers’ Dinner that Nigeria recorded $20.98 billion in international capital inflows inside the first ten months of 2025.

Based on him, the determine represented a 70% enhance over whole inflows recorded in 2024 and a 428% soar from the $3.9 billion posted in 2023, underscoring a resurgence in investor confidence.

• “Overseas capital inflows reached US$20.98 billion within the first ten months of 2025, a 70% enhance over whole inflows for 2024 and a 428% surge in comparison with the US$3.9 billion recorded in 2023, reflecting a transparent resurgence in investor confidence,” Cardoso stated on the time

Extra insights 

In Q3 2025, Standard Chartered Bank Nigeria Restricted acquired the very best share of capital inflows at $2.115 billion, accounting for 35.17% of the full.

• Stanbic IBTC Bank Plc adopted with $1.789 billion (29.75%).

Different banks recorded the next inflows throughout the quarter:

• Citibank Nigeria Restricted: $561.40 million (9.33%)
• Access Bank Plc: $385.03 million (6.40%)
• Rand Service provider Bank: $306.92 million (5.10%)
• Ecobank Nigeria Plc: $299.91 million (4.99%)
• First Bank of Nigeria Plc: $254.29 million (4.23%)
• Zenith Bank Plc: $94.89 million (1.58%)
• Guaranty Trust Bank Plc: $80.12 million
• Fidelity Bank Plc: $56.25 million

Sectoral knowledge present that the banking sector attracted the most important share of inflows in Q3 2025, receiving $3.142 billion, or 52.25% of whole capital imported.

This was adopted by:

• Financing sector: $1.855 billion (30.85%)
• Manufacturing/Manufacturing sector: $261.35 million (4.35%)

When it comes to supply international locations, the UK accounted for the most important share with $2.935 billion (48.80%), adopted by america with $950.47 million (15.80%) and the Republic of South Africa with $773.95 million (12.87%).

What you need to know  

Normal Chartered, Stanbic IBTC, and Citibank continued to dominate as the popular channels for international capital inflows.

In Q1 2025 alone, the three banks accounted for about 80% of whole capital imported into Nigeria, highlighting their central function in facilitating international funding.

The sustained progress in capital importation throughout the primary three quarters of 2025 alerts stronger investor urge for food, though the composition of inflows stays a key think about assessing long-term sustainability.