The National Bureau of Statistics (NBS) says Nigeria recorded $1.25 billion as capital importation in the third quarter (Q3) of 2024.
The National Bureau of Statistics says Nigeria recorded $1.25 billion as capital importation in the third quarter of 2024.
Capital importation is the inflow of funds from abroad to fuel investment, trade, and manufacturing within a country. Foreign direct investment accounted for $103.82 million of the total capital importation in Q3 2024.More so, the report said the banking sector recorded the highest capital inflow in the reviewed period, followed by financing and manufacturing.
“Capital importation during the reference period originated largely from the United Kingdom with US$502.60 million, representing 40.12% of the total capital imported.
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