NBS: Nigeria’s Capital Importation Declines by 22% in Q2

NBS: Nigeria’s Capital Importation Declines by 22% in Q2 …C0NTINUE READING HERE >>>

Nigeria’s capital importation declined by 22.85 percent from $3.37 billion in the first quarter of 2024 to $2.60 billion in the second quarter of the year.

Newsone Nigeria reports that the National Bureau of Statistics (NBS) made this known in its Capital Importation report for the second quarter of the year.

The data, however, shows that when compared to the same period of last year, Nigeria’s capital importation rose by 152.8 percent from $1.03 billion to the current figure.

In terms of capital imports by type, Portfolio Investment led with $1.40 billion, representing 53.93 percent…

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