Nigeria records 97.73% increase in capital importation | The Guardian Nigeria News - Nigeria and World News

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The value of capital imported into Nigeria in the third quarter of 2021 stood at $1.73 billion from $875.62 million in the preceding quarter of 2021, the National Bureau of Statistics (NBS) has said.

According to a report published by the NBS, 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.

This was followed by other investments, which accounted for 23.47 per cent and Foreign Direct Investment amounted to 6.23 per cent of total capital imported in Q3 2021. This was closely followed by capital imported into the banking sector valued at $460.39 million and the production sector $323.83 million .

This was followed by capital imported from South Africa and the United States of America valued at $389.54 million and $257.12 million respectively.

 

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