Economy
Nigeria got $5.85 billion capital inflows in Q1 2020 –NBS
Adebayo Obajemu
According to the latest data from the National Bureau of Statistics, Nigeria received $5.85 billion capital importation (inflows) in the first quarter (Q1) of 2020, compared to $8.51 billion in Q1 2019.
These figures are contained in the latest capital importation report released by the NBS.
According to the data, the $5.85 billion worth of capital importation in Q1 2020 stands for an increase of 53.97% when compared to the amounts accrued in Q4 2019.
When set against the corresponding first quarter period of 2019, the figure denotes a significant dip of 31.19% .
Capital Inflow by type
Portfolio investment ($4.31 billion) accounted for 73.61% of the total capital importation, followed by other investments ($1.33 billion), which accounted for 22.73%, and Foreign Direct Investment ($214.3 million), which accounted for 3.66% of total capital importation