July 2, 2019/NBS
The total value of capital importation into Nigeria stood at $8,485.49 million in the first quarter of 2019. This represents an increase of 216.03% compared to Q4 2018 and 34.61% increase compared to the first quarter of 2018.
The largest amount of capital importation by type was received through Portfolio investment, which accounted for 84.21% ($7,145.98 ) of total capital importation, followed by Other Investment, which accounted for 12.91% ($1,096.15m) of total capital, and then Foreign Direct Investment FDI, which accounted for 2.86% ($243.36m) of total capital imported in 2019.
By sector, Capital importation by banking dominated Q1 2019 reaching $2,851.07 million of the total capital importation in Q1 2019.