Nigerian Inflow of Foreign Dollars Slows in Q3

Nov 25, 2019 · 1m 43s
Nigerian Inflow of Foreign Dollars Slows in Q3
Description

Nigeria received $5.36 billion capital importation (inflows) in the third quarter (Q3) of 2019, compared to $5.82 billion in the second quarter (Q2). This is the lowest amount of capital...

show more
Nigeria received $5.36 billion capital importation (inflows) in the third quarter (Q3) of 2019, compared to $5.82 billion in the second quarter (Q2). This is the lowest amount of capital importation received in the year. According to the latest capital importation data released by the National Bureau of Statistics (NBS), the $5.36 billion capital importation in the third quarter represents a -7.78% contraction from the total amount ($5.82 billion) received within the second quarter (Q2). Meanwhile, year-on-year, capita inflows rose by 87.99%. In Q3 2019, the largest amount of capital importation by type was received through portfolio investment, which accounted for 55.88% ($2,99 billion) of total capital importation, followed by Other Investment, which accounted for 40.39% ($2.16 billion) of total capital, and then Foreign Direct Investment, which accounted for 3.73% ($200.08m) of total capital imported in Q3 2019.
show less
Information
Author Africa Business Radio
Organization Africa Business Radio
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search