- The National Bureau of Statistics (NBS) has revealed that the Nigerian oil and gas sector attracted $14.34 million, about N2.87 billion worth of foreign investments in the first half (HY1) of 2015.
- The NBS in its Nigerian Capital Importation report for Second Quarter (Q2) 2015, said this is an appreciation of 347.36 per cent or $11.133 million or N2.23 billion increase from the $3.205 million (N641 million) recorded in the sector in the second half (HY2), of 2014.
- The amount is however 93 per cent lower than the $204.97 million (N40.99 billion) year on year in 2014, just as there was a sharp decline in Q2 2015.
- According to the report, capital importation into the sector in Q2 2015 stood at $4.86 million, down 48.65 per cent or $4.609 million (N921.8 million) from the $9.473 million (N1.89 billion) realised in Q1 2015.
Oil Sector Records N2.9bn Foreign Investment In H1 2015 – NBS
