Nigeria’s Q4 2018 capital importation down by 25.05% — NBS

The total value of capital importation into Nigeria stood at $2,140.08 million in the fourth quarter of 2018, the National Bureau of Statistics (NBS) has said.

This represents a decrease of 25.05 per cent compared to Q3 2018 and 60.24 per cent decrease compared to the fourth quarter of 2017.

In its Nigerian capital importation report for Q4 2018, the total value of capital importation into Nigeria stood at $16,812.47 million in 2018 compared to $12,228.57 million capital imported in 2017. This represents a Year-on-Year growth of 37.49 per cent.

“The largest amount of capital importation by type was received through Portfolio investment, which accounted for 70.20% ($11,802.27m) of total capital importation, followed by Other Investment, which accounted for 22.69% ($3,815.53m) of total capital, and then Foreign Direct Investment FDI, which accounted for 7.11% ($1,194.67m) of total capital imported in 2018,” the NBS said.

By sector, Capital importation by shares, which is closely, related to Equity investment (FDI and Portfolio Investment) dominated 2018 reaching $10,425.18 of the total capital Importation in 2018.

The United Kingdom emerged as the top source of capital investments in Nigeria in 2018 with $6,007.99 million accounting for 35.74 per cent of the total capital inflow in 2018.

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