The National Bureau of Statistics (NBS) has announced that the total value of capital importation into Nigeria in the third quarter of 2021 (Q3 2021) was $1.7 billion.
It rose by 97.73 per cent from $875.62 million the corresponding quarter the preceding year.
The foregoing was contained in the bureau’s document labeled Nigerian Capital Importation Q3 2021.
According to the bureau, the total value of capital importation into Nigeria in the third quarter of 2021 stood at $1.731 billion from $875.62 million in the preceding quarter of 2021.
There was an increase of 97.73 per cent when compared to the corresponding quarter of 2020.
Capital importation also increased by 18.47 per cent from $1,461.49 million.
NBS cited that the largest amount of capital importation by type was received through portfolio investment, which accounted for 70.30 per cent $1.217.21 billion of total capital importation.
It said this was “followed by Other Investment, which accounted for 23.47 per cent ($406.35 million).
“Foreign Direct Investment (FDI) amounted to 6.23 per cent ($107.81 million) of total capital imported in Q3 2021.”
