Nigeria: Capital importation drops by -31.41% in Q2, 2019 – NBS

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Top 10 Most Expensive Universities In Nigeria

For many Nigerians, high-quality higher education is a luxury. There are many private universities who are known not only...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -
- Advertisement -

Going by the capital importation report released on Thursday by the National Bureau of Statistics (NBS), the value of capital inflow into the Nigeria economy stood at $5.82 billion in the second quarter of this year.

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. 

Read:  Q3 2018: Akwa Ibom State Reports Highest Unemployment Rate of 37.7% - NBS

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.

Read:  Lift off for Africa’s first airport brewery

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.

Read:  Lift off for Africa’s first airport brewery

Download the Nigerian Capital Importation Q2 2019 here…

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

CBN MPC Retains MPR and Liquidity Ratio; Raises CRR to 27.5% In First Meeting of 2020

The Monetary Policy Committee (MPC) concluded its two-day policy meeting today. The committee agreed to raise the cash reserve...

Dangote Cement and 15 others drives equity market higher as NSE-ASI gain 0.13%

The Nigerian bourse on Friday ended the trading week on a positive note, extending the previous day’s positive sentiment. The growth was impacted by gains...

Airtel Gets New Number Range, 0904

Leading telecommunications services provider, Airtel Nigeria, has announced that it has added 0904 number series to its numbering range, following the approval of the...

Fashion Fix 3 (Ep 6)- Your Transitional TGIF Wardrobe

Award-winning fashion stylist Rhonke Fella joins Mercy on this week’s episode of Fashion Fix to discuss getting your Friday office workwear sorted. The pair dish...

More Articles Like This