The total value of capital importation into Nigeria stood at $2,855.21 million in the third quarter of 2018.
“This was a decrease of 48.21% compared to Q2 2018 and a 31.12% decrease compared to the third quarter of 2017”, according to National Bureau of Statistics (NBS) ìn a report released on Tuesday.
The largest amount of capital importation by type was received through Portfolio investment, which accounted for 60.5% ($1,723.05m) of total capital importation, followed by Other Investment, which accounted for 21.07% ($601.53m) of total capital, and the Foreign Direct Investment FDI, which accounted for 18.58% ($530.63m) of total capital imported in the third quarter.
By sector, Capital importation as shares, which is closely related to Equity investment (FDI and Portfolio Investment) dominated the third quarter of 2018 reaching $1,667.76 of the total capital Importation in the quarter.
The United States emerged as the top source of capital investment in Nigeria in the third quarter of 2018 with $911.33 million. This accounted for 31.91% of the total capital inflow in Q3 2018