Capital Importation Into Nigeria Drops By 7.7% in Q3 2019

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Fresh statistics released by National Bureau Of Statistics (NBS) on Monday revealed that the bulk of capital importation into Nigeria declined by 7.7%.

The report shows that the total value of capital importation into Nigeria stood at $5,367.56 million in 2019 third quarter (July to September).

The total value of capital importation into Nigeria stood at $5,367.56 million in the third quarter of 2019. This represents a decrease of -7.78% compared to Q2 2019 and 87.99% increase compared to the third quarter of 2018.

The largest amount of capital importation by type was received through portfolio investment, which accounted for 55.88% ($2,999.50m) of total capital importation, followed by Other Investment, which accounted for 40.39% ($2.167.98m) of total capital, and then Foreign Direct Investment FDI, which accounted for 3.73% ($200.08m) of total capital imported in Q3 2019.

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By sector, Capital importation by banking dominated Q3 2019 reaching $1,756.83 million of the total capital importation in Q3 2019.

The United Kingdom emerged as the top source of capital investment in Nigeria in Q3 2019 with $2,011.14 million. This accounted for 37.47% of the total capital inflow in Q3 2019.

By Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria in Q3 2019 with $4,976.40 million. This accounted for 92.71% of the total capital inflow in Q3 2019.

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By Bank, Stanbic IBTC Bank Plc emerged at the top of capital investment in Nigeria in Q3 2019 with $1,630.91 million. This accounted for 30.38% of the total capital inflow in Q3 2019.

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Download Q3 2019 Nigerian Capital Importation PDF Report

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