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  1. The Nigerian economy attracted total investments of $9.71bn (N1.6tn) in the first half of this year, figures released by the National Bureau of Statistics showed.
  2. The bureau stated that for the first quarter of 2014, the economy attracted investments worth $3.90bn. For the second quarter, the report put the total investment within at $5.80bn. This, it added, represented an increase of $1.89bn or 48.64 per cent over the $3.90bn recorded in the opening quarter of this year.
  3. The report stated, “Capital imported in the second quarter of 2014 was recorded at a value of $5.80bn. It increased by $1.89bn or 48.64 per cent from the $3.90bn recorded in the opening quarter of this year.
  4. The $5.61bn recorded in the second quarter of 2014 is a positive year-on-year growth of $186.23m or 3.32 per cent over the same period in 2013. The second quarter value brought the total capital imported through the first half of 2014 to $9.70bn, which was still $2.50bn or 20.54 per cent lower than the $12.21bn recorded for the same period in 2013.
  5. The report added that the investments came from three main sources: foreign direct investment, portfolio investment and other investments. The NBS said portfolio investment stood at $4.91bn, making up 84.72 per cent of the second quarter total.This was followed by foreign direct investment, which constituted $472.99m, or 8.15 per cent, while the remaining 7.13 per cent or $413.63m represented other investments.

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