NBS says Nigeria capital importation in second quarter stands at $5,513.55m

The National Bureau of Statistics, NBS, has put the total value of capital importation into Nigeria at 5, 513.55 million dollars in the second quarter of 2018.

The NBS disclosed this in its “Nigeria Capital Importation (Q2 2018)’’ report released on Tuesday in Abuja.

The report noted that the value showed a 12.53 per cent decrease compared to the first quarter and a 207.62 per cent increase compared to the second quarter of 2017.

According to the bureau, the decline recorded in the second quarter is due to a decline in portfolio and other investments, which declined by 9.76 per cent and 24.07per cent respectively.

It said the largest amount of capital importation by type was received through portfolio investment.

“This accounted for 74.7per cent (4,119.5million dollars) of total capital importation, followed by other Investments, which accounted for 20.5 per cent (1,132.8million dollars) of total capital.

“This is followed by Foreign Direct Investment FDI, which accounted for 4.7per cent (261.4million dollars) of total capital imported in the second quarter.