Capital Importation into Nigeria by Sector (2007 – 2016)


Nairametrics| Data from the Central Bank of Nigeria shows Nigeria attracted a total of $5.1 billion in capital importation for the fiscal year ended December 2016. This compares negatively to the $9.5 billion inflow received in 2015 and $20.7 billion inflow into Nigeria in 2014.

Capital Importation into Nigeria in 2016 is currently the lowest ever recorded since the CBN started reporting data in 2007.

The data also reveals the distribution of capital importation across various sectors of the economy between 2007 and 2016.

See chart below;

All figures are in United States dollars

Tip: You can click on any of the data labels to toggle charts. For example, to see only agriculture, just click on all other sectors to make their charts disappear. 

As usual, most of the capital inflows went into the Nigerian stock market as investors poured more money into equities. However, we did notice strong showing in the oil and gas sectors. This perhaps is representative of some of the major deals recorded in 2016, such as the NIPC/Mobil deal, Oando loan restructuring, and some of the deals recorded in the upstream segement of the oil and gas sector.

Highlights of 2016 inflow

  • The telecoms sector attracted a total of $931 m or 18 of total inflows in 2016. This compares to $938 million or 4.7% in 2015
  • Oil and gas sector also recorded higher importation. At $720 million, capital importation into the oil and gas sector was 14% of total inflows. This compares to $29.7 million or 0.31% in 2015
  • The banking sector recorded about $932 million inflows in 2016 compared to $913 million in 2015. Banking sector inflows was 18.2% of total inflows compared to 9.4% the year before.
  • Capital importation into equities (shares) which is typically the highest was about $1.4 billion in 2016 or 28.6% of total. It was $5.7 billion in 2015 or 59% of total.

 

See table below;

 

Capital importation by sector



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