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.
READ ALSO: States lock horns with FG over road projects’ refund
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.
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.
READ ALSO: States lock horns with FG over road projects’ refund
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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BREAKING: Investment inflows into Nigeria dropped by $460m in Q3 —NBS
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November 25, 2019
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