Both foreign direct investment (FDI) and portfolio inflows saw notable declines.
The report shows that FDI fell by 19.35% from $310 million in Q4 2024 to $250 million in Q1 2025.
“The financial account recorded a balance of US$7.58 billion in Q1 2025, as against US$7.82 billion in Q4 2024, as a result of huge reduction in portfolio and other investments liabilities,” the apex bank said.
A major contributor to the decline was the sharp drop in portfolio investment: