The total value of capital importation into Nigeria in the second quarter of the year stood at $1.535.35 billion from $875.62 million in the corresponding quarter of 2021, showing an increase of 75.34 per cent.
When compared to the preceding quarter, capital importation decreased by 2.40 per cent from $1.573.14 billion.
The National Bureau of Statistics (NBS) made this known in its document entitled: Nigerian Capital Importation Q2 2022 yesterday.
According to the document, the largest amount of capital importation was received through Portfolio Investment, which accounted for 49.33 per cent ($757.32 million).
This, said the NBS, was followed by Other Investment with 41.09 per cent ($630.87 million) and Foreign Direct Investment (FDI) accounted for 9.58 per cent ($147.16 million) of total capital imported in Q2 2022.
The report added that “Disaggregated by sectors, capital importation into banking had the highest inflow of $646.36 million amounting to 42.10per cent of total capital imported in the second quarter of the year.
“This was followed by capital imported into the production sector, valued at $233.99 million (15.24 per cent), and the financing sector with US$197.31 million (12.85 per cent). Capital Importation by Country of Origin reveals that the United Kingdom ranked top as the source of capital imported into Nigeria in the second quarter of 2022 with a value of $781.05 million, accounting for 50.87 per cent.