Foreign capital inflows into Nigeria’s banking sector rose sharply by 93.25 per cent year-on-year to $13.53bn in 2025, up from $7.00bn recorded in 2024, amid the ongoing recapitalisation drive by the Central Bank of Nigeria. This compares with 61.24 per cent, 43.15 per cent, 46.26 per cent, and 63.46 per cent recorded in the corresponding quarters of 2024. In contrast, capital inflows into shares declined year-on-year, falling 16.8 per cent to $271.42m in 2025 from $326.04m in 2024. Overall, total capital importation into Nigeria grew by 88.5 per cent to $23.22bn in 2025, up from $12.32bn in 2024. Speaking in Abuja at the Monetary Policy Forum, Cardoso said, “The banking sector recapitalisation programme has recorded commendable progress, with 32 banks having already met the revised capital requirements.

Source: Punch March 29, 2026 14:48 UTC