However, capital importation declined by 26.7 per cent month-on-month (MoM) from $3.85 billion in March 2026 to $2.82 billion in April, largely due to declines in foreign portfolio investment (FPI), foreign direct investment (FDI) and other investments. In its latest Economic Report, the CBN said: “Total capital inflow of $2.82 billion was recorded in April, compared with $3.85 billion in the preceding month. “A disaggregation showed that foreign portfolio investment declined to $2.66 billion from $3.62 billion in March, due to lower purchases of money market instruments and bonds. Analysis by state showed that Lagos remained the dominant destination for capital inflows, accounting for 61.92 per cent of total inflows. Meanwhile, capital outflows declined significantly in April, falling to $2.21 billion from $4.33 billion in March 2026.