deposit 5000
slot deposit 5000
slot gacor situs toto
togel online
toto 4d
situs slot toto 4ddemo slot gacorslot 88
slot gacor slot gacor
slot gacor
brenjitu
slot gacor
situs toto
situs toto
SITUS TOTO
situs toto
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot gacor
slot pulsa
hongkong lotto
slot gacor
brenjitu
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
slot 4d

Nigeria’s capital inflow drops by 28% – NBS

Bisola David
Bisola David

The Nigerian Bureau of Statistics’ most recent report shows a 28% decrease in overall capital inflow to Nigeria during the first quarter of 2023.

The amount of capital intake during the first three months of the year totaled $1.13 billion, down $441 million from the same period in 2022.

The first quarter of 2022 had $1.5 billion in capital imports and the capital inflow increased from $1.06 billion by 6.78% as compared to the previous quarter, which is Q4 of 2022.

Nigeria attracted more capital investments from portfolio investments during the first quarter than from any other sector.

An estimated $649 million, or 57.32% of the total capital intake, was invested in the portfolio.

Nigeria received $301 million from bonds, $222 million from stocks, and $125 million from money markets as part of the portfolio investments category.

Nigeria drew foreign capital through a variety of industries, including trade credits, loans, and currency deposits, in addition to portfolio investments.

With a contribution of $673 million, or 59.47% of the overall capital inflow, the United Kingdom emerged as Nigeria’s top source of capital.

With $108 million, the United Arab Emirates came in second, while the United States of America contributed $95 million.

Singapore and South Africa each made contributions of $69 million and $91 million, respectively.

Lagos State, which got $704 million of the $1.13 billion total investment capital and accounted for 62% of the overall investment capital into Nigeria, received the greatest share of capital inflow.

The next recipient was the Federal Capital Territory, which got $410 million. The final three states Akwa Ibom, Adamawa, and Anambra received $5.2 million, $4.5 million, and $4.0 million, respectively.

When foreign capital inflow was broken down by industry, the banking sector received 26% ($304 million) of all foreign capital during the first quarter.

IT services garnered 19% ($216 million), closely followed by the production sector with 22.61% ($256 million).

Trading received $91 million, while the financial industry saw an inflow of $118 million.

$22.5 million went to the communication sector, while $12.94 million went to the transportation sector. While shares saw an increase of $88 million, agriculture only saw a meager $4.84 million.

Electricals, the brewery, and the oil and gas industries each contributed 0.65% of the total capital intake.

Cross-border capital flows have several benefits since they increase investor returns and allow for risk diversification.

The investments across industries, countries, and banks offer insights into the trends and choices affecting Nigeria’s economy in the first quarter of 2023, notwithstanding the decline in overall capital importation.


TAGGED:
Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

situs totoslot thailand situs totoslot gacor situs toto slot online situs toto demo slot gacor situs slot gacorsitus 4d situs totoslot gacorslot gacorslot gacorslot gacorslot gacor
slot gacor
slot gacor situs toto
togel online
toto 4d
situs slot slot demo pgslot 88
slot gacor slot gacor
slot gacor
brenjitu
situs toto
situs toto
SITUS TOTO
toto macau 4d
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot pulsa
hongkong lotto
slot gacor
slot gacor
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
situs totoslot gacordemo slot situs slot gacor
slot66
slot gacor
situs slot gacor
slot gacor
scatter hitam
scatter hitam
slot gacor scatter hitam
scatter hitam
situs slot gacor pulsa
situs baru slot gacor
error code: 521 error code: 521 ?> error code: 521 error code: 521
Hacklinkbetsat
betsat
betsat
holiganbet
holiganbet
holiganbet
Jojobet giriş
Jojobet giriş
Jojobet giriş
casibom giriş
casibom giriş
casibom giriş
xbet
xbet
xbet
grandpashabet
grandpashabet
grandpashabet
tuzla evden eve nakliyat
İzmir psikoloji
creative news
Digital marketing
radio kalasin
radinongkhai
gebze escort
grandpashabet
grandpashabet
casibom güncel giriş
casibom
bets10 güncel giriş
jojobet
sultanbeyli çekici
beylikdüzü escort
setrabet
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
deneme bonusu veren siteler
instagram followers buy
casinolevant
betnano giriş
casibom giriş
casibom
casibom
Meritking
meritking
deneme bonusu veren siteler 2024
casibom