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Capital Importation Falls By 24%
Capital importation into Nigeria’s economy fell year-on-year by 24.6 per cent to $4.56 billion in the first 10 months of 2022 (10M’22). This is from $6.05 billion in the corresponding period of 2021. Findings from the Monthly Economic Report of the Central Bank of Nigeria, CBN, also showed that capital outflows declined y/y by 32…
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Capital Importation Rises By 26% In Q4
According to new data from the National Bureau of Statistics, the value of capital importation into Nigeria increased by 26.35 percent to hit $2.19 billion in the fourth quarter of 2021. In its ‘Nigerian Capital Importation’ report, the NBS disclosed that capital importation increased from $1.73 billion in the third quarter of 2021 to $2.19…
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Nigeria Attracts $31.82bn Six Countries In 33 Months
From January 2019 to September 2021 the capital inflows from the United Kingdom, the United States, South Africa, the United Arab Emirates, the Netherlands, and Mauritius hit $31.82 billion in three years. According to data from the National Bureau of Statistics, the six countries accounted for 83.32 percent of the total capital of $38.18bn imported…
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Foreign Inflows Fall By 32%
The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 percent to $500m in October 2021. This is a drop from $660m recorded in September, 2021 which was an increase as against $440m recorded in August. The CBN disclosed these figures in its latest monthly economic report (October) recently…
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Capital Importation Falls By N1.68tn
Data from the National Bureau of Statistics revealed that capital importation has dropped by $4.08bn (N1.68tn) in one year. Between January and September 2020, total capital importation amounted to $8.55bn. However, according to the latest capital importation report by the NBS, during the same period in 2021, foreign capital inflows into the country fell by…
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Capital Importation Falls To $875.62m In Q2
The National Bureau of Statistics has said that the total value of capital importation into Nigeria declined to $875.62 million in the second quarter of 2021 from $1.91 billion in the first quarter of 2021. It disclosed this in its report titled, ‘Nigerian capital importation (Q1 & Q2 2021)’. The bureau stated that this represented…