Nigeria’s capital importation fell 9% in Q2 2023 – NBS

The total value of capital importation into Nigeria in the second quarter of the year fell to $1.03 billion from $1.13 billion in the preceding quarter, the National Bureau of Statistics said on Friday.

It represents a nine per cent decline compared to the previous quarter, according to the NBS report titled, ‘Nigerian Capital Importation Q2 2023′.

Capital importation means foreign investments in a country’s economy and is made up of Foreign Direct Investment (FDI), Portfolio Investment, and other investments.