Capital importation to Nigeria declined by 25.05 percent in the fourth quarter of 2018 in comparison to the third quarter of the year.
According to the latest data from the National Bureau of Statistics (NBS) the $2 140.08 million capital import for the fourth quarter of 2018 is 60 percent lower than what came in the corresponding quarter of 2017.
The NBS, in the data published on its website, said: “The total value of capital importation into Nigeria stood at $16,812.47 million in 2018 compared to $12,228.57 million capital imported in 2017. This represents 37.49% growth YoY.
“The largest amount of capital importation by type was received through Portfolio investment, which accounted for 70.20% ($11,802.27m) of total capital importation, followed by Other Investment, which accounted for 22.69% ($3,815.53m) of total capital, and then Foreign Direct Investment FDI, which accounted for 7.11% ($1,194.67m) of total capital imported in 2018.
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“By sector, Capital importation by shares, which is closely related to Equity investment (FDI and Portfolio Investment) dominated 2018 reaching $10,425.18 of the total capital Importation in 2018.
“The United Kingdom emerged as the top source of capital investment in Nigeria in 2018 with $6,007.99 million. This accounted for 35.74% of the total capital inflow in 2018.”
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