Top 10 Banks With the Largest Contribution to Nigeria’s Capital Importation in Q1 2025
- Nigeria recorded an increase in capital importation in the first quarter of 2024 compared to the same period in 2024
- New data from the National Bureau of Statistics also showed the financial institutions that were responsible for the capital importation
- Standard Chartered Bank Nigeria Limited accounted for the largest share, attracting $2.10 billion, or 37.3% of total inflows
The National Bureau of Statistics (NBS) has revealed that Nigeria recorded a sharp rise in capital importation in the first quarter of 2025, with total inflows reaching $5.64 billion.
This is a 67.12% increase from $3.38 billion recorded in Q1 2024 and a 10.86% rise from $5.09 billion at the end of December 2024.
Source: Getty Images
NBS disclosed this in its latest capital importation report released.
Breakdown of capital importation report
A breakdown of the capital importation showed that portfolio investment accounted for the largest share, bringing in $5.20 billion (92.25%).
Other investments followed with $311.17 million (5.52%), while Foreign Direct Investment (FDI) contributed the least at $126.29 million (2.24%).
Capital importation by sector
- Banking sector: $3.13 billion (55.44%)
- Financing sector: $2.10 billion (37.18%)
- Production/Manufacturing sector: $129.92 million (2.30%)
The bureau also stated that Standard Chartered Bank Nigeria Limited accounted for the largest share of total inflows.
It was followed by Stanbic IBTC Bank Plc and Citibank Nigeria Limited with $1.05 billion (18.7%).
The NBS data showed that several banks, including Unity Bank Plc, Wema Bank Plc, and Suntrust Bank Nigeria Ltd, recorded no inflows during the period.
Standard Chartered Bank Nigeria Ltd
Q1 2025 capital importation rose to $2.10 billion, up 11.3% from $1.89 billion in Q1 2024. The bank recorded a 37.29% share of total inflows.
Stanbic IBTC Bank Plc
Stanbic IBTC posted $1.40 billion in Q1 2025, an 8.2% increase from $1.29 billion in the same quarter last year. With a 24.78% market share.
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Citibank Nigeria Ltd
Citibank’s inflows reached $1.05 billion in Q1 2025, up 9.6% from $960.12 million a year earlier.
Rand Merchant Bank (RMB)
RMB recorded $387.32 million in Q1 2025, rising 13.4% from $341.66 million in Q1 2024.
Access Bank Plc
Access Bank saw inflows of $377.32 million in Q1 2025, up 5.9% from $356.26 million in Q1 2024.
FSDH Merchant Bank Ltd
FSDH Merchant Bank posted $122.96 million in Q1 2025, up 7.4% from $114.46 million in Q1 2024.
Titan Trust Bank Ltd
Titan Trust attracted $115.20 million in Q1 2025, up 4.5% from $110.26 million a year earlier.
United Bank for Africa Plc (UBA)
UBA’s inflows stood at $34.60 million in Q1 2025, an 11.2% increase from $31.10 million in Q1 2024.
First City Monument Bank Plc (FCMB)
FCMB reported $23.20 million in Q1 2025, down 2.1% from $23.70 million in Q1 2024.
Sterling Bank Plc
Sterling Bank recorded $7.13 million in Q1 2025, up 9.2% from $6.53 million in Q1 2024.
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Source: Legit.ng
