A total of the thirteen banks recorded $875.62 million of total capital import into Nigeria in the second quarter (Q2) 2021, while another thirteen lenders accounted for zero capital importation in the same period.
Access Bank, FBNQuest, Globus Bank, NOVA Merchant Bank, Unity Bank, Providus Bank and FSDH did not record any capital inflow. Others are: Fidelity Bank, Heritage Bank, Rand Merchant Bank, SunTrust Bank, Jaiz Bank and Polaris Bank.
On the other hand, Stanbic IBTC was the bank through which the highest share of Foreign Capital flowed into the country in the second quarter (Q2) 2021 with $310.01 million of total inflow.
It was followed by Standard Chartered Bank with $282.37 million, same rankings taken in 2018; CitiBank with $94.15 million.
At fourth position was Zenith Bank with $51.40 million, while Ecobank took the fifth position with $38.32 million capital importation, followed closely by Union bank with $29.59 million and Guaranty Trust Bank with $25.79 million.
Others are: First Bank of Nigeria ($14.69 million); FCMB ($12.72 million); UBA ($6 million); Coronation Merchant Bank ($5.79 million); Wema Bank ($4 million) and Sterling Bank ($0.60 million).
In spite of the huge investment in the water sector by the government and international organisations, water scarcity has grown to become a perennial nightmare for residents of Abeokuta, the Ogun State capital. This report x-rays the lives and experiences of residents in getting clean, potable and affordable water amidst the surge of COVID-19 cases in the state
Selfies, video calls and Chinese documentaries: The things youll meet onboard Lagos-Ibadan train
The Lagos-Ibadan railway was inaugurated recently for a full paid operation by the Nigerian Railway Corporation after about a year of free test-run. Our reporter joined the train to and fro Lagos from Ibadan and tells his experience in this report
[ICYMI] Lekki Shootings: Why We Lied About Our Presence General Taiwo
The Lagos State Judicial Panel of Inquiry probing the killings at Lekki Toll Gate, on Saturday resumed viewing of the 24hrs footage of the October 20, 2020 shooting of #EndSARS protesters by personnel of the Nigerian Army
ICYMI: How We Carried Out The 1993 Nigerian Airways Hijack Ogunderu
On Monday, October 25, 1993, in the heat of June 12 annulment agitations, four Nigerian youngsters, Richard Ajibola Ogunderu, Kabir Adenuga, Benneth Oluwadaisi and Kenny Razak-Lawal, did the unthinkable! They hijacked an Abuja-bound aircraft, the Nigerian Airways airbus A310, and diverted it to Niger Republic. How did they so it? Excerpts
Sahabi Danladi Mahuta, a community mobiliser and APC chieftain. Mahuta spoke to select journalists at the sidelines of an Islamic conference in Abuja recently. Excerpts
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