Nigeria Economy | |
Nigeria Economy | |
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PROSHARE | |
PROSHARE |
Thursday, September 05,
2019 07:50PM / NBS
The total value of capital importation into Nigeria stood at
$5,820.21m in the second quarter of 2019. This represents a decrease of -31.41%
compared to Q1 2019 and +5.56% increase compared to the second quarter of 2018.
The largest amount of capital importation by type was received
through Portfolio investment, which accounted for 73.76% ($4,292.89m) of total
capital importation, followed by Other Investment, which accounted for 22.41%
($1,304.43m) of total capital imported and Foreign Direct Investment (FDI),
which accounted for 3.83% ($222.89m) of total capital imported in Q2 2019.
By sector, Capital importation by banking dominated in Q2 2019
reaching $1,892.50m of the total capital importation in Q2 2019.
The United Kingdom emerged as the top source of capital
investment in Nigeria in Q2 2019 with $3,134.47m. This accounted for 53.85% of
the total capital inflow in Q2 2019.
By Destination of Investment, Lagos state emerged as the top
destination of capital investment in Nigeria in Q2 2019 with $4,137.66m. This
accounted for 71.09% of the total capital inflow in Q2 2019.
By Bank, Stanbic IBTC Bank Plc emerged at the top of capital
investment in Nigeria in Q2 2019 with $1,765.64 million. This accounted for
30.34% of the total capital inflow in Q2 2019.
Click Here to Download Q2 2019 Capital Importation PDF Report
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