FOREIGN INFLOWS: STANBIC, STANDARD CHARTERED, CITI LEAD IN BANKS RECORD

Stanbic, Standard Chartered, Citi lead as banks record .2bn foreign  inflows - Business

Stanbic IBTC Bank, Standard Chartered Bank Nigeria, and Citibank Nigeria Limited lead as capital importation from banks hit $38.18bn in almost three years.

Between January 2019 and September 2021, the total capital importation by banks amounted to $38.18bn.

According to a National Bureau of Statistics report, banks imported the most capital in 2019 at $23.99bn, which reduced to $9.68bn in 2020.

Within the period under review, eight out of the 28 banks listed by the NBS accounted for 90.95 per cent ($34.73bn) of the total capital importation recorded by the banks.

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