Buoyed By Portfolio Inflows, Capital Importation Increases to $10.37bn in Q1
Portfolio investment hits $9.86bn, FDI $135.08m UK, US, South Africa lead contribution with $5.08bn, $3.18bn, $983.83m Fitch: CBN reforms, Naira liberalisation have borne tangible gains with improved FX market turnover, greater exchange-rate stability, sustained external reserves accretion, improved FX liquidity Says forbearance withdrawal exposes banks’ asset-quality despite strong capital buffers James Emejo in Abuja and Nume Ekeghe in Lagos
The country’s capital importation rose to $10.37 billion in the first quarter of the year (Q1 2026)
compared to the $6.44 billion recorded the preceding quarter, the National Bureau of Statistics
(NBS) disclosed yesterday. The 61 per cent increase in the review period was driven largely
by a surge in portfolio investments as foreign investors continued to take advantage of improved market
conditions and attractive yields in Continued on page 9 Thursday 4 June, 2026 Vol 31. No 11379. Price: N400
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Omo-Agege: Oborevwori Flouted Tinubu’s Directive to Share 60-40 Party Structure... Page 10
Tinubu Felicitates Jimoh Ibrahim on Election as Chair of UN Budget and Administration Committee Envoy to serve as keynote speaker at anniversary conference at Harvard University today
Deji Elumoye in Abuja President Bola Tinubu has con-
gratulated Nigeria’s Permanent Representative to the United Nations, Ambassador Jimoh Ibrahim,
on his election as Chairman of the United Nations General Assembly Fifth Committee on Budget and
Administration. Tinubu, in a congratulatory message on Wednesday, stated that the
election of Ibrahim was noteworthy at a particularly critical moment for the United Nations, as the world
body navigated significant financial Continued on page 9
Senate: Abductions in Schools, Communities Alarming, Demands FG Action to Rescue Oyo Victims
Seeks military offensive in Kwara as Woro victims, Emir’s family still in captivity Gunmen abduct Adelabu’s sister, sons in Ibadan, attack Ogbomoso immigration office Bandits abduct seven federal poly students, security agencies launch rescue operation Private security guard escapes with employer’s two kids in Niger Atiku: Adelabu’s family abduction shows no one is safe under Tinubu Obi urges kidnappers to free abducted schoolchildren NLC tells FG to act now before it’s too late
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WEDNESDAY PLENARY DONE, DUSTED...
L-R: Deputy Senate President, Jibrin Barau; President of the Senate, Godswill Akpabio; Senate Leader, Opeyemi Bamidele; Chairman, Senate Committee on Appropriation and Ogun State APC governorship candidate, Solomon Adeola; Senate Whip, Tahir Monguno; and Chairman, Senate Committee on Finance, Sani Musa, after yesterday’s plenary PHOTO: SENATE PRESIDENT’S OFFICE