Nigeria, Dec. 2 -- Foreign ownership in Nigeria fell to $12.8 billion between 2022 and 2023 due to the currency crisis and corporate withdrawals.

The World Investment Report 2024 states that foreign holdings in Nigeria decreased from $86.2 billion in 2022 to $73.4 billion in 2023.

Nigeria's stock of outbound foreign direct investments (FDI) decreased somewhat from $18.3 billion in 2022 to $17.7 billion in 2023.

The total value of foreign investments held within the nation at a certain time is known as foreign holdings or foreign direct investment (FDI) inward stock. It represents the total worth of foreign investors' investments, including their ownership of companies, real estate, and other assets. Equity capital, reinvested earnings,...