Nigeria Economy | |
Nigeria Economy | |
2110 VIEWS | |
![]() | |
PROSHARE | |
PROSHARE |
Tuesday, May 26, 2020 / 09:00
PM / NBS/ Header Image Credit: NBS
The total value of capital importation into Nigeria
stood at $5,854.38m in the first quarter of 2020. This represents an increase
of 53.97% compared to Q4 2019 and -31.19% decrease compared to the first
quarter of 2019.
The largest amount of capital importation by type was
received through Portfolio investment, which accounted for 73.61% ($4,309.47m)
of total capital importation, followed by Other Investment, which accounted for
22.73% ($1,330.65m) of total capital, and then Foreign Direct Investment FDI,
which accounted for 3.66% ($214.25m) of total capital imported in Q1 2020.
By sector, Capital importation by banking dominated Q1
2020 reaching $2,990.21m of the total capital importation in Q1 2020.
The United Kingdom emerged as the top source of
capital investment in Nigeria in Q1 2020 with $2,908.62m. This accounted for
49.68% of the total capital inflow in Q1 2020.
By Destination of Investment, Lagos state emerged as
the top destination of capital investment in Nigeria in Q1 2019 with
$5,135.49m. This accounted for 87.72% of the total capital inflow in Q1 2020.
By Bank, Standard Chartered Bank Nigeria Limited
emerged at the top of capital investment in Nigeria in Q1 2020 with $1,656.60m.
This accounted for 28.30% of the total capital inflow in Q1 2020.
Click Here to Download Q1 2020
Capital Importation PDF Report
Latest
2020 NBS Reports
Q2 2020
Q1 2020