Nigeria’s capital importation in the second quarter of 2024 declined by 22.85% from $3.
37 billion in the first quarter of the year to $2.60 billion.
This is according to the National Bureau of Statistics (NBS) Capital Importation report for the second quarter of the year.
However, when compared to the same period of last year, Nigeria’s capital importation rose by 152.
8% from $1.03 billion to the current figure.
Loans as foreign capital in the period stood at $1.15 billion representing 98.
6% of other investments as foreign capital imports.
Capital importation by sectors and place of originAccording to the report, the banking sector recorded the highest capital inflow in Q2 2024, with US$1.
12 billion, accounting for 43.15% of total capital importation.
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