The total value of capital importation into Nigeria stood at $3,802.38 million in the fourth quarter of 2019. This represents a decline of 32.42% when compared to the 3rd Quarter of 2019, and a 77.67% increase when compared to the 4th quarter of 2018.
This is revealed in the latest capital importation data released by the National Bureau of Statistics (NBS).
According to the NBS report, the total value of capital importation in 2019 stood at $23,990.05 million, compared to $16,812.47 million in 2018, representing a growth of 42.69% between the two periods.
The largest amount of capital importation by type was received through Foreign Portfolio Investment (FPI), followed by Other Investment and Foreign Direct Investment (FDI).
By sector, Shares dominated with the highest amount of capital imported in Q4 2019.
The United Kingdom emerged as the Country of origin with the highest amount of Capital Imported while Lagos is the destination with the highest amount of Capital Importation.
By Bank, Stanbic IBTC Bank Plc emerged as the bank with the highest amount of capital imported into Nigeria in Q4 and full-year 2019.