Nigeria’s portfolio funding inflows rose by 17.6 per cent quarter-on-quarter to 7.09 billion {dollars} within the second quarter of 2026, from 6.03 billion {dollars} within the first quarter, in line with the Central Bank of Nigeria (CBN).
The CBN attributed the 1.06 billion-dollar enhance to larger inflows into long-term basic authorities debt securities in its Q2 2026 Economic Report, printed on Monday, October 26.
The report confirmed that portfolio funding remained the most important part of Nigeria’s newly incurred monetary liabilities in the course of the quarter, considerably exceeding direct funding liabilities, which rose to 1.15 billion {dollars} from 1.03 billion {dollars}.
Other funding liabilities additionally elevated, climbing to 2.75 billion {dollars} from 1.36 billion {dollars}, pushed by larger authorities and different sector mortgage drawdowns, in addition to elevated forex and deposit liabilities of deposit-taking firms.
Consequently, Nigeria’s internet incurrence of economic liabilities rose to 10.84 billion {dollars} within the second quarter, in contrast with 8.36 billion {dollars} within the previous quarter.
Portfolio funding inflows accounted for roughly 65 per cent of the monetary liabilities incurred in the course of the quarter, down from about 72 per cent within the first quarter, as different funding liabilities recorded stronger development.
Meanwhile, Nigeria’s whole international alternate inflows declined by 4.24 per cent to 30.03 billion {dollars} within the second quarter, from 31.36 billion {dollars} within the first quarter.
The CBN report confirmed that autonomous international alternate inflows elevated by 3.59 per cent to 21.91 billion {dollars}, whereas inflows by means of the apex financial institution fell by 20.47 per cent to eight.12 billion {dollars}.
Nigeria’s monetary account additionally recorded internet lending of 1.74 billion {dollars}, reversing the web borrowing of two.03 billion {dollars} recorded within the previous quarter. The CBN linked the shift primarily to elevated acquisition of different funding and reserve property.
The nation’s exterior reserves rose to 51.39 billion {dollars} on the finish of June 2026, from 48.35 billion {dollars} on the finish of March.
Similarly, the typical Nigerian Foreign Exchange Market price strengthened to 1,365 naira, 95 kobo per greenback, in contrast with 1,384 naira, 48 kobo per greenback within the first quarter.
The report additional confirmed that Nigeria’s internet worldwide funding legal responsibility narrowed to 92.94 billion {dollars} from 94.68 billion {dollars}, at the same time as whole monetary liabilities elevated by 9.71 billion {dollars} to 238.66 billion {dollars}.
Although portfolio funding can help demand for presidency securities and international alternate liquidity, its enhance doesn’t essentially translate into equal long-term capital formation.
The CBN’s balance-of-payments figures additionally differ from the National Bureau of Statistics’ capital importation information and shouldn’t be interpreted as whole capital importation, as portfolio and direct investments signify distinct classes of cross-border funding.
Boluwatife Enome
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