Capital Market Operators


FIRS

By Zekeri Idakwo

Lagos and the Federal Capital Territory (FCT) have taken the lead in capital importation within the third quarter of 2023.

New knowledge from the Nationwide Bureau of Statistics (NBS) reveals that solely 5 states and the FCT attracted international capital within the third quarter of the 12 months.

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In keeping with NBS, Lagos, Nigeria’s industrial hub, attracted $308.83 million, whereas the FCT attracted $194.66 million.

Abia and Ogun additionally attracted some capital, with $150.09 million and $1.00 million, respectively.

Akwa Ibom received $65,000 and Ekiti noticed $12,750 capital inflows in the course of the quarter.

Analysts say these figures characterize a major lower from earlier quarters, elevating concern in regards to the state of the states.