Africa News Nigeria's capital import up by 37.49% in 2018 -...

Nigeria's capital import up by 37.49% in 2018 – NBS

-

- Advertisment -

The National Bureau of Statistics (NBS) said the total value of capital import into Nigeria was at $ 16.81 billion in 2018 compared to $ 12.22 billion capital in 2017.

The NBS released this year in the Nigerian Capital Import for Fourth Quarter and Full Year, 2018 report posted on its website.

According to the report, the figures represent 37.49 per cent growth year-on-year.

Meanwhile, the office said Nigeria recorded a decline in the total value of capital imports into the country in the fourth quarter, 2018 which stood at $ 2.14 billion.

It added that the total capital value represents a decrease of 25.05 per cent compared to third quarter, 2018 and 60.24 per cent, compared to the fourth quarter of 2017.

Capital Import can be divided into three main types: Foreign Direct Investments (FDIs), Portfolio Investments and Other Investments.

The largest amount of capital is invested through portfolio investments, which accounted for 70.20 per cent ($ 11.80 billion) of total capital import.

This was followed by Other Investments, which accounted for 22.69 per cent ($ 3.81 trillion) of total capital and FDI which accounted for 7.11 per cent ($ 1.19 trillion) of total capital imported in 2018.

By sector, Capital import by shares, which is closely related to Equity investment (FDI and Portfolio Investment) dominated 2018 reaching 10,425.18 dollars of the total capital Import in 2018.

The UK emerged as the top source of investment capital in Nigeria the year under review with 6.01billion dollars investment.

This accounted for 35.74 per cent of the total capital inflow in 2018.

The second on the list of top 10 was the US, with capital investment of $ 3.57 billion.

This was followed by South Africa with the capital investment of $ 1.15 billion in the year under review.

Peace PIAK

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Kiir hails Egypt’s efforts to back South Sudan’s stability

CAIRO – 23 October 2019: South Sudan’s President Salva Kiir on Wednesday praised Egypt’s efforts to back stability in...

Exclusive to ET : The first photo to Katy Perry in Egypt

CAIRO – 23 October 2019: Famed American star Katy Perry is currently in Egypt, where she visited a number...

Alerte / Mustapha Bendjama, journaliste du Provincial arrêté par des agents en civil à Annaba

Le journaliste du Provincial et modérateur de la page Facebook, Algérie Debout,  Mustapha Bendjama a été arrêté cet après-midi...

Samsung, UAE funds lead $55m investment in quantum startup

US quantum computing startup IonQ said yesterday it raised $55 million in a funding round that was led by...

Poet José Luiz Tavares presents book “Arder a Vida Inteira” in Praia

Praia, Oct 23 (Inforpress) – The poet José Luiz Tavares presented Tuesday in the capital of the country, his...

Education et technologie : lancement à Conakry de la 3è édition d’Africa Code Week

La troisième édition d’Afrca Code Week (ACW) a été lancée ce mercredi 23 octobre 2019, au lycée 2 octobre...

Must read

Kiir hails Egypt’s efforts to back South Sudan’s stability

CAIRO – 23 October 2019: South Sudan’s President Salva...

Exclusive to ET : The first photo to Katy Perry in Egypt

CAIRO – 23 October 2019: Famed American star Katy...
- Advertisement -

You might also likeRELATED
Recommended to you