Prof. Yemi Kale, Statistician-General and CEO, National Bureau of Statistics

Capital importation into Nigeria dipped -31.41 per cent between March and June 2019 to $5.82 billion in the first half of the year but indicated 5.56 per cent rise when compared to the same period in 2018, the latest data released by the National Bureau of Statistics (NBS) on Thursday has shown.
The largest chunk of the capital importation came in through Portfolio investment, accounting for 73.76 per cent ($4.29 billion) of total capital importation, and this was 4.21 per cent increase when contrasted against June 2018.
Other Investment accounted for 22.41 per cent ($1.30 billion) of total capital imported and Foreign Direct Investment (FDI), which accounted for 3.83 per cent ($222.89million) of total capital imported in Q2 2019.
The banking sector was the brought in the highest foreign capital into the country in Q2 2019 as it raked in $1.89 billion.
The United Kingdom accounted for the top source of capital investment into the country, which stood at $3.13 billion and representing 53.85 per cent of the total capital inflow during this period.
“By Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria in Q2 2019 with $4,137.66m. This accounted for 71.09% of the total capital inflow in Q2 2019.
“By Bank, Stanbic IBTC Bank Plc emerged at the top of capital investment in Nigeria in Q2 2019 with $1,765.64 million. This accounted for 30.34% of the total capital inflow in Q2 2019,” the data agency stated in its report.