Capital importation to Nigeria up by 53.97 per cent in Q1 2020 - AFRICA REVIEW

JUNE 03, 2020

Capital importation, comprising Foreign Direct Investment (FDI), portfolio investments and other investments into Nigeria increased to US$5.9bn in Q1 from US$3.8bn in the Q4 2019

Of these figures, portfolio investments at US$4.3bn took the lead. (Image source: Robert Owen-Wahl/Pixabay)

The Nigeria Bureau of Statistics (NBS) has said this in its report on capital importation in Q1 2020.

Of these figures, portfolio investments at US$4.3bn took the lead, a towering 73.61 per cent, followed by other investments at US$1.33bn, a 22.73 per cent and the rear by FDI at US$214.25m, a paltry 3.66 per cent.

By sector, the thriving Nigerian banking industry had a chunk of the importation at US$2.99bn, while the UK, Nigeria colonial mister and a strong trading partner came top as Nigeria source of investments with US$2.9bn, representing 49.68 per cent of the total inflow. Lagos had the highest inflow with US$5,13mn, accounting for 87.72 per cent of the total capital import.

This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics