NBS Says Total Value of Capital Import into Nigeria Stands at $1,792.3 Million in H1’17

August 22, 2017/NBS

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The total value of capital imported into Nigeria in the second quarter of 2017 was estimated to be $1,792.3 million.
This figure was $884.1 million more than the figure recorded in q1 2017, a growth of 95.02percent. Year on year, this was an increase of 43.6percent from the $1,042.2 million recorded in q2 of 2016.
A month on month analysis of capital importation in the second quarter shows that the month of May recorded the highest of amount of capital importation ($616.5 million), followed by June with $612.6million and May with $563.3 million.
The main driver of the quarterly growth in capital importation in the second quarter was Portfolio Investments, which increased by 145.7 percent, followed by Other Investments, which grew by 95.02 percent, and then Foreign Direct Investment (FDI), which increased by 29.8 percent over the previous quarter.
Date source: National Bureau of Statistics / Central Bank of Nigeria (CBN)