Tag: Nigerian Capital Importation

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How Nigeria borrowed $1.21bn to boost capital imports – NBS

Nigeria increased its capital imports in the first half of 2023 by borrowing $1.21 billion from abroad. According to a National Bureau of Statistics on Nigeria Capital Importation report, 28 states were unable to entice any foreign investments during the period under review. In comparison to the same period in 2022, total capital imports in […]

Trapped funds: CBN to give foreign airlines $150m
Economy

Capital importation suffers 30% decline, records $6.7bn

The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in 2020 to $6.7bn in 2021 according to data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’ report for the four quarters of 2020 and 2021, the NBS disclosed that total capital importation into the nation was $9.68bn […]