National Bureau of Statistics says value of capital imported into Nigeria in third quarter of 2021 stood at 1.73 billion dollars from 875.62 million dollars.
Written by News Room on January 15, 2022
The National Bureau of Statistics (NBS) says that the value of capital imported into Nigeria in the third quarter of 2021 stood at 1.73 billion dollars from 875.62 million dollars in the preceding quarter of 2021.
According to an NBS report, the data showed an increase of 97.73 per cent but when compared to the corresponding quarter of 2020, capital importation as well increased by 18.47 per cent from 1.46 billion dollars.
The Bureau also said that the largest amount of capital importation by type was received through portfolio investment, which accounted for 70.30 per cent equivalent to 1.22 billion dollars of total capital importation.
This was followed by other investments, which accounted for 23.47 per cent or 406.35 million dollars and Foreign Direct Investment (FDI) amounted to 6.23 per cent or 107.81 million dollars of total capital imported in Q3 2021.