BREAKING: Investment inflows into Nigeria dropped by $460m in Q3 —NBS

Breaking News Business Fashion & Travel Finance FOREIGN NEWS NATIONAL Press Release WORLD NEWS

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% when compared to the second-quarter figure of $5.82bn.

The report said the largest amount of capital importation was received through Portfolio investment, which accounted for $2.99bn representing 55.88% of total capital importation.

This is followed by Other  Investment, which accounted for $2.16bn or 40.39% of total capital, while  Foreign  Direct  Investment accounted for $200.08m or 3.73% of total capital imported in the third quarter of this year.

Source: Punch News NG

Leave a Reply

Your email address will not be published. Required fields are marked *