Nigeria recorded a 117.04 per cent surge in capital inflows from three BRICS countries — China, India, and South Africa — in the first nine months of 2025, as investors responded to growing portfolio opportunities and sectoral strengths in the economy.
According to data obtained from the National Bureau of Statistics, The PUNCH found that total inflows from the three countries rose to $2.32bn in the first nine months of 2025, up from $1.07bn recorded in the corresponding period of 2024.
The NBS did not provide data for capital imported from Brazil and Russia, which are also BRICS members. A breakdown of the figures showed that South Africa accounted for the largest share, injecting $2.29bn into Nigeria between January and September 2025, compared to $1.02bn in the same period of 2024.
Capital inflows from China stood at $32.24m in the first nine months of 2025, down from $45.22m in 2024, while India’s inflows dipped slightly to $1.46m from $1.59m year-on-year. The jump in BRICS inflows comes amid strong capital importation from the United States.
The PUNCH earlier reported that investors from the United States injected $2.23bn into Nigeria in the first nine months of 2025, representing a 566.02 per cent surge from $334.71m in the corresponding period of 2024, despite renewed tariff tensions linked to President Donald Trump
