Research Document: NESG 2024 Q2 Capital Importation Alert


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Posted Wed, Oct 23, 2024 8:50 AM

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2024Q2According to the National Bureau of Statistics (NBS), foreigninvestment inflows rose sharply to US$2.6 billion in thesecond quarter of 2024 from US$1.0 billion in thecorresponding period of 2023, but down from US$3.4 billionposted in 2024Q1. This reverses the upwardtrend of the overall investment inflows since 2023Q4.However, in the first half of 2024, foreign investment inflowsstood at US$6.0 billion, significantly above their level inH1’2023 (US$2.1 billion), reflecting the impact of the CBN’sintensification on monetary tightening since February 2024.

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