BREAKING: Investment inflows into Nigeria dropped by $460m in Q3 —NBS
Posted by FACTNEWS | 5 years ago | 1,334 times
The National Bureau of Statistics on Monday said the investment inflows into Nigeria declined by $460m from $5.82bn in the second quarter of this year to $5.36bn in the third quarter.
The NBS said this in its Capital Importation Report which was released on Monday.
The report revealed that the third quarter inflow of $5.36bn represents a decrease of 7.78 per cent when compared to the second-quarter figure of $5.82bn.
The report said the largest amount of capital importation was received through Portfolio investment, which accounted for $2.99bn representing 55.88 per cent of total capital importation.
This is followed by Other Investment, which accounted for $2.16bn or 40.39 per cent of total capital, while Foreign Direct Investment accounted for $200.08m or 3.73 per cent of total capital imported in the third quarter of this year.
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