Lagos - Nigeria and other Sub-Saharan countries recorded $48.3billion as aggregate foreign capital in 2012.
This figure is four times higher than what the countries received nine years ago, reports The Guardian.
This shows an increase of more than $35 billion from the $13.2 billion that was recorded in 2003.
The new findings are contained in Standard Chartered Bank’s investment report on the continent.
Hari Chaitanya, the bank’s Regional Head, Investor and Intermediaries, Africa, Transaction Banking, said portfolio investment inflows have increased to the most active and liquid stock markets in Nigeria, South Africa, Kenya, Mauritius and Zimbabwe.
Further analysis showed that the Johannesburg Stock Exchange continues to dominate the market with 83 percent of total market capitalisation in the region in 2012.
Read more on The Guardian