National Bureau of Statistics (NBS) on Wednesday disclosed that the total value of capital importation into Nigeria stood at $2.140 billion in the fourth quarter of 2018. Similarly, the total value of capital importation into Nigeria stood at $16,812.47 million in 2018 compared to $12,228.57 million capital imported in 2017, representing 37.49 per cent growth year-on-year (YoY). “The largest amount of capital importation by type was received through Portfolio investment, which accountedfor 70.20 percent ($11,802.27m) of total capital importation”. By sector, NBS noted that Capital importation by shares, which is closely related to Equity investment (FDI and Portfolio Investment) dominated 2018 reaching $10,425.18 of the total capital Importation in 2018. The United Kingdom emerged as the top source of capital investment in Nigeria in 2018 with $6,007.99 million.

Source: Nigerian Tribune February 13, 2019 19:52 UTC