Nigerian Capital Importation (Q4 2016)
The total value of capital imported into Nigeria in the fourth quarter of 2016 was estimated to be $1,548.88 million, which represents a decrease of 15.00% relative to the third quarter, and a fall of 0.52% relative to the fourth quarter of 2015. The level of capital imported was similar in each month of the quarter, but the highest was in December, of $555.37 million. The decline relative to the previous quarter was entirely due to a decline in portfolio investment; Foreign Direct Investment (FDI) and Other Investment both increased. The quarterly decline in portfolio investment was mainly due to base effects: there were large investments in money market instruments and bonds in the third quarter, which were not matched in the final quarter.
Data source: National Bureau of Statistics