Nigeria’s Foreign Portfolio Investment (FPI) was $4,119.46 million for the quarter ending June 2018. This compares to Foreign Direct Investment (FDI) of $261.35 million for the same quarter ending June 2018.
This is according to data recently published by the National Bureau of Statistics (NBS).
FDI and FPI
FPI represents capital imported into the stock or money market of an economy. Often referred to as “hot money” they are short-term capital used by foreign investors to purchase short-term investments in the target country. FDI represents foreign investments targeted at sectors of an economy such as manufacturing and services and are longer term in nature.