Featured Gas Oil

Nigeria’s capital importation in Q2 stands at $5.513bn — NBS

By Thompson ABISOLA

The National Bureau of Statistics (NBS), says the total value of capital importation into Nigeria stands at $5.5 billion in the second quarter, with flighty portfolio investors accounting for 74.7 per cent.

The NBS disclosed this in its “Nigeria Capital Importation (Q2 2018)’’ report released on Tuesday in Abuja.

The report noted that the value showed a 12.53 per cent decrease compared to the first quarter and a 207.62 per cent increase compared to the second quarter of 2017.

According to the bureau, the decline recorded in the second quarter is due to a decline in portfolio and other investments, which declined by 9.76per cent and 24.07per cent respectively.

It said the largest amount of capital importation by type was received through portfolio investment.

“This accounted for 74.7per cent ($4.119 billion dollars) of total capital importation, followed by other Investment, which accounted for 20.5per cent ($1.132 billion dollars) of total capital.

“This is followed by Foreign Direct Investment FDI, which accounted for 4.7per cent ($261.4million dollars) of total capital imported in the second quarter.

Related posts

Anambra airport records maiden flight

Editor

We will not engage in frame-up, only the guilty should worry – FG

Editor

Telecom active voice subscribers hit 206,449,125 in Q2 2022

Our Reporter

Naira depreciation disastrous, says first female SAN, Solanke

Our Reporter

FG okays N654m for hybrid spectrum against illegal frequencies in S’East

Our Reporter

FG approves N8.64bn counterpart funding for Siemens power deal

Our Reporter