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.
Capital importation by type- Other investmentsA preponderance of foreign capital inflow into other investment categories was preponderated by loans and other claims.
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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