Nigeria's foreign direct investment (FDI) for the second quarter of 2024 fell to $29.83 million, marking the lowest level recorded based on data available up to 2013.

This also represents a whopping 1,660% growth year over year compared to the $8.5 million recorded in the second quarter of 2023.

According to capital import data for the second quarter of 2024 published by the National Bureau of Statistics (NBS), foreign portfolio investment (FPI) in Nigeria during the second quarter in the second quarter was $1.4 billion, down 32% from $2.08 billion in the first quarter of 2024 . Year-over-year, REITs grew in the second quarter of 2024 by around 1,215%, compared to $107 million recorded in the second quarter of 2023

Au premier semestre 2024 (S1 2024), les investissements de portefeuille étrangers au Nigeria ont atteint 3,48 milliards de dollars, soit une croissance de 360 % year-on-year compared to $756.1 million recorded in the corresponding half of 2023.

During the semester, the participation of foreign portfolios in Nigerian equities reached $199.3 million, however, this marks a decrease of 14% compared to the $230.8 million recorded in the first half of 2023. In the first quarter of 2023, there was a foreign participation of $222 million in Nigerian equities, however, this figure fell to $8.5 million in the second quarter

In the first half of 2024, the majority of foreign portfolio investments in Nigeria involved money market instruments, such as treasury bills, OMO bills, and trade notes. During this period, approximately 77%, or $2.68 billion, of foreign investments in Nigeria's portfolio were made in money market instruments. In the second quarter, $1.08 billion was recorded, while in the first quarter, around $1.61 billion was recorded

In the debt market, even private companies are not immune to these colossal returns. Companies with an excellent credit rating offer debt securities at discount rates of 25%, 28%, or even 30%

Medium and long-term bonds did not come out of REITs, as $599 million worth of REITs were invested in bonds in the first half of 2024. However, approximately $420.8 million of this figure was invested in the first quarter. Compared to the first half of 2023, there is a growth of 55%, as $386 million in REITs were invested in bonds in the first half of