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

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

 

The National Bureau of Statistics (NBS) on Monday said the investment inflows into Nigeria declined by $460 million from $5.82 billion in the second quarter of this year to $5.36 billion 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 $5.36 billion represents a decrease of 7.78 percent when compared to the second-quarter figure of $5.82 billion.

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

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