Nigeria’s banking sector leads, attracts $1.47 billion foreign inflows in six months

The Nigerian banking industry attracted $1.47 billion as capital inflows in the first half of 2022, an increase of 109.8% compared to $698.2 million received in the second half of last year and 46.5% higher than the $1 billion inflows recorded in the corresponding period of 2021.
 
This is according to data from the Central Bank of Nigeria (CBN). The banking sector recorded the highest foreign inflow in the period under review compared to other sectors in the Nigerian economy, accounting for 47.1% of the inflows into the country. The manufacturing and financing sectors followed with $457.7 million and $396.7 million respectively.
 
More details at:
https://nairametrics.com/2022/08/11/nigerias-banking-sector-leads-attracts-1-47-billion-foreign-inflows-in-six-months
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