Nigeria’s capital importation reached $2.60bn in the second quarter of 2024, representing a robust increase of 152.
81 per cent year-on-year compared to $1.03bn in Q2 2023.
This is according to the latest capital importation report from the National Bureau of Statistics released on Tuesday.
The report read, “In Q2 2024, total capital importation into Nigeria stood at US$2,604.
50 million, higher than US$1,030.21 million recorded in Q2 2023, indicating an increase of 152.
81%.
The banking sector was the largest beneficiary of capital importation, receiving $1.
12bn, representing 43.15 per cent of total inflows in the quarter.
On a geographic basis, Lagos State maintained its position as the leading destination for capital importation, attracting $1.37bn, or 52.
52 per cent of total inflows...
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