Nigeria sees lowest capital importation in 14 quarters, as foreign investors dumped Nigeria Bonds over negative real yield

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

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

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...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

This week, we picked interest in the Q2’2020 (April – June) Capital Importation data released by the National Bureau of Statistics (NBS) in order to analyse the performance of foreign investment inflows in the said quarter.

This became pertinent following a record -6.10% contraction of Nigeria’s GDP in Q2’2020.

The Capital Importation data is a quarterly statistic, used to show the size (in U.S. dollar terms) of foreign investment inflows into long term Direct Investment (FDI), Portfolio Investment (FPI), and Other financial market investment vehicles in a country.

According to the data released, Nigeria in Q2’2020 recorded a total foreign investment inflow of $1.29 billion, representing a 77.88%q/q and 78.60%y/y contraction compared to the previous quarter [$5.84bn] and the corresponding period of 2019 [$6.05bn] respectively.

Nigeria sees lowest capital importation in 14 quarters, as foreign investors dumped Nigeria Bonds over negative real yield - Brand Spur

- Advertisement -

Besides, the Q2 Capital Importation figure also represents the lowest foreign investment inflows into Nigeria since Q1’2017 when total foreign investment inflows settled at $908.27 million.

HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR

CredoLab raises USD 7m to expand its market reach in Africa and other new markets

CredoLab, a leading developer of bank-grade digital credit scorecards based on smartphone metadata which launched in Nigeria, Kenya, and South Africa, last year, has secured USD 7 million in its Series-A round funding led by GBG, the global specialist in identity data intelligence.

Cars with embedded connectivity to reach 200m by 2025, with 5G adoption set to soar

- Advertisement -

A new study from Juniper Research has found that the number of cars with embedded connectivity will reach 200 million globally by 2025; rising from 110 million in 2020. One of the main beneficiaries of this growth will be mobile

Nitro121 promises bespoke offerings to clients, celebrates 15th anniversary

The leading brand-building and marketing communication company, Nitro 121 (formerly known as 141 Worldwide), turns fifteen on the 1st of September 2020 and promises to continue to deliver bespoke marketing communications services to clients and other partners.

Top 25 most valuable aerospace and defence brands could lose over $22bn of brand value from COVID-19

Read Also:  ​​NSE Partners with Market Stakeholders, Launches Mutual Funds Trading Platform
- Advertisement -

Aerospace and defence sector heavily impacted by COVID-19 pandemic, brands could lose up to 20% of brand value, equating to a US$22.8 billion loss cumulatively

Ikeja Electric’s bilateral power attains first-year milestone as customers score service high

Ikeja Electric Plc (IE), Nigeria’s largest Electricity Distribution Company, is celebrating the first year anniversary of its Willing Buyer, Willing Seller initiative dubbed Bilateral Power by customers. The company’s Bilateral Power service promises customers a minimum of 20 hours of power supply and improved service in exchange for cost-reflective tariffs.

Nigeria Rugby Union signs kit sponsorship deal with BLK Sports

British Apparel Company BLK Sport and The Nigeria Rugby Football Federation (NRFF) have signed an exclusive long-term kit sponsorship/partnership deal aligning with the Company’s global strategy.

Apple buys another company

Apple reportedly bought VR startup Spaces, the tech giant’s eighth disclosed acquisition of the year. We discuss Apple’s moves in the VR space — including a patent for reducing motion sickness while working virtually in a vehicle.

IITA invests in development and implementation of seed yam certification system in Nigeria

Read Also:  Buhari Returns: Hope High and Challenges Daunting - LBS Breakfast Session (September 2017)

IITA renovated and equipped the diagnostic laboratory of the National Agricultural Seed Council (NASC) at their headquarter in Sheda, Abuja, with equipment worth $100,000 for seed quality control and Seed Tracker e-certification system. A PCR for DNA amplification and other laboratory equipment will allow technicians of the seed regulatory agency to conduct diagnostics and seed quality testing in line with the amended existing standards for seed yam.

Efe Omoregbe, Bada Akintunde-Johnson, Ayeni Adekunle, others confirmed to speak at MTN’s business of the art series

In line with its continuous commitment to youth development in Nigeria, MTN Foundation, the CSR arm of Nigeria’s leading ICT company, MTN Nigeria, has engaged leading minds in the Nigerian entertainment and media industry for this year’s edition of MTN’s Business of the Art Series.

- Advertisement -
Nigeria sees lowest capital importation in 14 quarters, as foreign investors dumped Nigeria Bonds over negative real yield - Brand SpurNigeria sees lowest capital importation in 14 quarters, as foreign investors dumped Nigeria Bonds over negative real yield - Brand Spur

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.

- Advertisement -

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.

Nigeria sees lowest capital importation in 14 quarters, as foreign investors dumped Nigeria Bonds over negative real yield - Brand SpurNigeria sees lowest capital importation in 14 quarters, as foreign investors dumped Nigeria Bonds over negative real yield - Brand Spur

Latest News

InfraCredit to Raise Fresh Capital

The Infrastructure Credit Guarantee Company (InfraCredit) has revealed plan to raise additional capital to fund critical projects in Nigeria. The...

Zedvance Partners With AMARA MEDICARE to Offer Discounted Health Plans to Customers

Leading consumer finance company, Zedvance, has announced a partnership agreement with AMARA MEDICARE that will enable its customers in Lagos have access to discounted...

SunTrust Bank Picks Former CBN Director as New Chairman

The Central Bank of Nigeria (CBN) Former Director, Mr. Olanrewaju Shittu has been elected as the chairman of SunTrust Bank Nigeria Limited by the...

Food Prices soared in October, prices highest in Edo, Kwara, Sokoto – NBS

Food prices soared in October, the consumer price index (CPI) report released on Monday by the National Bureau of Statistics (NBS) has shown. According to its...

DPR Approves New Liquefied Petroleum Gas Guidelines for Investors, Operators

The Department of Petroleum Resources (DPR) has announced the introduction of new guidelines to accommodate more Liquefied Petroleum Gas (LPG) investors and operators across...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Nigeria sees lowest capital importation in 14 quarters, as foreign investors dumped Nigeria Bonds over negative real yield - Brand SpurNigeria sees lowest capital importation in 14 quarters, as foreign investors dumped Nigeria Bonds over negative real yield - Brand Spur