The latest NBS capital importation report has disclosed that Nigeria received $9.68 billion from capital inflows in 2020
Nigeria, Africa’s largest economy attracted a total FDI of $2.6 billion in 2020 down from the $3.3 billion it attracted a year earlier.
FDI in Q3 prints $414s, a 100% jump year on year in Nigeria.
The inflows of $1.46 billion represent a 12.86% increase compared to N1.29 billion received in Q2 2020.
The analysis revealed that Institutional Foreign Outflow outperformed Foreign Inflow by N7.19 billion.
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.
The FG has disclosed that the $25 billion FDI injected by Nigerians in diaspora after the nation exited recession helped revived Nigeria’s economy.
The total value of capital importation into Nigeria in the first quarter of 2019 was estimated at $8.48 billion. This was just revealed in the latest...
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