Total Value of Capital Importation into Nigeria Stood at $8.5Billion in Q1 2019

0
FGN BOND NTB primary auction Here is a list of all Microfinance Banks’ USSD Codes in Nigeria. MTN Nigeria & 14 others led local bourse to sustain previous positive sentiment, gains 0.38%

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 the 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.

The United Kingdom emerged as the top source of capital investment in Nigeria in Q1 2019 with $4,531.22.99 million. This accounted for 53.40% of the total capital inflow in Q1 2019.

By Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria in Q1 2019 with $4,773.26 million. This accounted for 56.25% of the total capital inflow in Q1 2019.

Q1 2019 CAPITAL IMPORTATION DESTINATION OF INVESTMENT
INVESTMENT LOCATION JANUARY FEBRUARY MARCH Q1
LAGOS 1,190,848,668.33 1,246,052,694.19 2,336,362,833.68 4,773,264,196.20
ABUJA (FCT) 516,451,614.47 776,688,492.66 2,292,448,695.63 3,585,588,802.76
RIVERS 41,383,275.70 20,000.00 41,403,275.70
ADAMAWA 25,000,000.00 25,000,000.00
BENUE 25,000,000.00 25,000,000.00
CROSS RIVER 25,000,000.00 25,000,000.00
IMO 3,000,000.00 3,000,000.00
KADUNA 2,160,000.00 2,160,000.00
KANO 1,000,000.00 1,000,000.00
KATSINA 576,796.30 576,796.30
BORNO 500,000.00 500,000.00
OGUN 449,970.00 499,936.00 1,263,186.00 2,213,092.00
KWARA 200,000.00 200,000.00
BAUCHI 99,980.00 99,980.00
NIGER 67,156.80 67,156.80
AKWA-IBOM 55,035.00 55,035.00
ANAMBRA 50,000.00 50,000.00
DELTA 40,000.00 40,000.00
ONDO 26,000.00 26,000.00
OYO 249,968.00 249,968.00
TOTAL 1,831,908,496.60 2,023,241,122.85 4,630,344,683.31 8,485,494,302.76
Read Also:  LASG set to tackle consumption of Unwholesome Fruits, Vegetables

By Bank, Stanbic IBTC Bank Plc emerged at the top of capital investment in Nigeria in Q1 2019 with $3,606.09 million. This accounted for 42.50% of the total capital inflow in Q1 2019.
Source:
FIFX

JANUARY FEBRUARY March Q1 TOTAL
Bank Name Amount ($) Amount ($) Amount ($)
Stanbic IBTC Bank Plc 497,115,236.44 770,190,075.69 2,338,786,473.00 3,606,091,785.13
Citibank Nigeria Limited 446,301,397.29 324,358,405.75 770,659,803.04
Standard Chartered Bank Nigeria Limited 276,857,800.01 796,052,524.07 1,072,910,324.08
RAND MERCHANT BANK 195,778,932.12 644,369,401.74 528,143,840.48 1,368,292,174.34
Access Bank Plc 190,567,870.56 458,939,934.90 649,507,805.46
Union Bank of Nigeria Plc 83,540,938.10 27,732,140.20 118,597,831.78 229,870,910.08
United Bank For Africa Plc 82,766,516.00 82,766,516.00
Zenith Bank Plc 40,011,731.94 41,907,995.35 59,654,865.58 141,574,592.87
Ecobank Nigeria Ltd 80,886,944.55 80,886,944.55
Guaranty Trust Bank Plc 17,893,066.44 120,611,981.63 138,505,048.07
Wema Bank Plc 999,990.00 999,990.00
First City Monument Bank Plc 75,000.00 7,411,800.00 7,486,800.00
Skye Bank Plc 15.7 15.7
CORONATION MERCHANT BANK 1 1
FBN MERCHANT BANK 1 500,000.00 22,400,000.00 22,900,001.00
First Bank 77,582,360.00 221,626,397.02 299,208,757.02
Sterling Bank 918,000.00 918,000.00
Fidelity Bank 689,972.00 156,482.00 846,454.00
Suntrust Bank Nigeria LTD 411,242.97 411,242.97
Providus Bank 657,137.45 657,137.45
FSDH Merchant Bank Limited 11,000,000.00 11,000,000.00
TOTAL 1,831,908,496.60 2,023,241,122.85 4,630,344,683.31 8,485,494,302.76

 

Download the Q1 2019 Capital Importation Report here…