Tag
CAPITAL IMPORTATION
Nigeria’s capital importation rose to $1.73 billion in the third quarter of 2021, which is 98% higher than...
Nigeria is in the middle of a currency quagmire that has seen the exchange rate devalued by as...
Standard Chartered Bank, Stanbic IBTC, Citibank and Rand Merchant Bank collectively received 73% of capital inflow in 2020.
The latest NBS capital importation report has disclosed that Nigeria received $9.68 billion from capital inflows in 2020
The inflows of $1.46 billion represent a 12.86% increase compared to N1.29 billion received in Q2 2020.
The United Kingdom emerged as the top source of capital investment to Nigeria in Q2 2020.
Nigeria received $5.85 billion capital importation (inflows) in the first quarter (Q1) of 2020, compared to $8.51 billion in Q1 2019.
Nigeria received $5.36 billion capital importation (inflows) in the third quarter (Q3) of 2019, compared to $5.82 billion in the second quarter (Q2). This is the lowest amount of capital importation received in the year.
Nigeria received $5.82 billion capital inflows in Q2 2019, down by -31.41%
The latest capital importation data released by the National Bureau Statistics (NBS) revealed that Lagos and Abuja are Nigeria's biggest destinations of foreign capital inflows. The two received $8.35 billion out of the entire $8.48 billion in the first quarter of 2019, representing about 98% of Nigeria's total capital inflow.
Rising importation of goods and services in Nigeria is once again taking a toll on the country, as a report on Nigeria's balance of payment shows a current account deficit in the last one year.
Capital imported into the country fell by 48% to $2.8 billion.