21st August, 2018
By Kazeem Ugbodaga
Nigeria’s capital importation as at the second quarters of 2018 stood at $5.513 billion, says the National Bureau of Statistics, NBS.
According to the NBS, in its report, the total value of capital importation into Nigeria stood at $ 5,513.55 million in the second quarter of 2018.”
It said this was a decrease of 12.53% compared to Q1 2018, but a 207.62% increase compared to the second quarter of 2017.
NBS added that the decline recorded in the second quarter was as a result of a decline in Portfolio and Other Investments, which declined by 9.76% and 24.07% respectively.
“The largest amount of capital importation by type was received through Portfolio investment, which accounted for 74.7% ($4,119.5m) of total capital importation, followed by Other Investment, which accounted for 20.5% ($1,132.8m) of total capital, and then Foreign Direct Investment FDI, which accounted for 4.7% ($261.4m) of total capital imported in the second quarter,’ it said.
