Nigerian Capital Importation (Q3 2017)
The capital importation into Nigeria in 2017 Q3 recorded a substantial increase compared to the past few quarters, as the economy continued to recover from recession following its exit in Q2 2017.The total capital
imported in the third quarter was recorded at $4,145.1 million, more than double the inflow in the second quarter of this year, representing an increased value of 147.5% on a year on year basis. This inflow of capital in Q3 2017 is the first time since the beginning of 2015 that capital hit over $4,000 million in a quarter. The boom in capital importation in Q3 2017 was mainly driven by significant growth in both Portfolio Investment and Other Investment.
Data source: : National Bureau of Statistics / Central Bank of Nigeria (CBN)