Photo Credit: Vanguard
2025-12-23
A new update from Vanguard says Nigeria’s capital importation fell 62% month-on-month to $1.13 billion in August 2025 from $2.98 billion in July.
The update indicated foreign direct investment improved from the prior month, while portfolio flows softened, suggesting more cautious foreign appetite.
For policymakers, the signal is mixed: better FDI optics, but shrinking total inflows that can pressure FX liquidity and sentiment.
New Telegraph reported: “Consequently, overall capital importation decreased to $1.13 billion, from $2.98 billion in the preceding month.” Vanguard similarly stated: “Nigeria’s capital importation… fell… to $1.13 billion…”.
Echotitbits take: This is where FX stability meets credibility. Watch Q4 data for whether longer-term inflows start replacing hot money—and whether policy consistency improves investor comfort.
Source: Vanguard — December 23, 2025 (https://www.vanguardngr.com/2025/12/capital-importation-declines-62-to-1-13-bn/)
Vanguard 2025-12-23