Goddy Ikeh

Nigeria’s National Bureau of Statistics (NBS) has reported that foreign capital inflows into the Nigerian banking sector rose sharply by 93.25 per cent year-on-year to $13.53bn in 2025, up from $7.00bn recorded in 2024, amid the ongoing recapitalisation drive by the Central Bank of Nigeria (CBN).

The Managing Director of Financial Derivatives Company, Mr Bismarck Rewane, says that reforms in the Nigerian power sector are essential and cannot be ignored if the country is to achieve meaningful growth, describing the industry’s crisis as an economic threat.