Nigeria's foreign direct investment inflows increased by 11.7 per cent to $1.15 billion in the second quarter of 2026, up from $1.03 billion in the first quarter, according to the Central Bank of Nigeria's Balance of Payments data. However, foreign portfolio investment, often referred to as hot money, rose by $1.06 billion to $7.09 billion, representing a 17.6 per cent increase. This means portfolio inflows were more than six times the amount of direct investment. Consequently, FDI accounted for only 16.2 per cent of the value of portfolio investment during the quarter.
Related Articles
Don't miss out on breaking stories and in-depth articles.