The National Bureau of Statistics (NBS), says the total value of capital importation into Nigeria stands at $5.5 billion in the second quarter, with flighty portfolio investors accounting for 74.7 percent.
The NBS disclosed this in its “Nigeria Capital Importation (Q2 2018)’’ report released in Abuja, the nation’s capital.
According to a News Agency of Nigeria (NAN)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 9.76per 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 billion dollars) of total capital importation, followed by other Investment, which accounted for 20.5per cent ($1.132 billion 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,” it stated.
Q1 2015: $2.67bn
Q2 2015: $2.67bn
Q3 2015: $2.75bn
Q4 2015: $1.56bn
Q1 2016: $711m
Q2 2016: $1.04bn
Q3 2016: $1.82bn
Q4 2016: $1.55bn
Q1 2017: $908m
Q2 2017: $1.79bn
Q3 2017: $4.15bn
Q4 2017: $5.38bn
Q1 2018: $6.30bn
Q2 2018: $5.51bn
CAPITAL IMPORTATION BY TYPE OF INVESTMENT:
Q1 2018 Foreign Direct Investment: $246.62m
Portfolio Investment: $4.57bn
Other Investment: $1.49bn Total: $6.30bn
Q2 2018 Foreign Direct Investment: $261.35m
Portfolio Investment: $4.12bn
Other Investment: $1.13bn Total: $5.51bn -NBS