deji17:
Nigeria Attracted $12.2bn Capital Inflow In 2017 – NBS

Channels Television

Updated March 1, 2018


The total amount of foreign capital attracted by the Nigerian economy in 2017 stood at $12.2 billion, the National Bureau of Statistics (NBS) has said.

A report released by the agency on Thursday reveals that the new figure is a massive jump over the $5.38 billion recorded in the whole of 2016.

The NBS also put capital inflow in the fourth quarter at $5.32 billion, the strongest in the year under review.

The report revealed that investments in portfolio assets were the highest last year by 59 per cent, while other investments jumped by 32 per cent and investments into the real economy were mere 8 per cent.

In terms of origination, Nigeria saw the bulk of its foreign inflow from the United States, the United Kingdom, and Belgium.

The report read in part: “The total capital imported in the fourth quarter of 2017 was $5,382.9 million; this was an annual growth of 247.5%, and quarterly growth of 29.9%. As at the end of 2017, total capital imported into Nigeria was $12,228.6 million, an increase of $7,104.4 million or 138.7% from the figure recorded in 2016.

“The growth in Capital Importation in 2017 was mainly driven by an increase in Portfolio Investment, which went up by $5,516.2 million from the previous year to reach $7,329.1 million in 2017 and accounting for 60% of capital imported. During the reference quarter total capital imported when compared to the previous quarter increased by $1,237.8 million.”

https://www.channelstv.com/2018/03/01/nigeria-attracted-12-2bn-capital-inflow-2017-nbs/

deomelllo:




Outstanding Outstanding Outstanding.



God Bless PMB

God Bless Nigeria.

deji17:


That is Buharinomics for you. I can understand why importers do not like him because he is bad news for their business, but if you are a local manufacturer / producer, Nigeria Economy is about to soar!!

Nigeria Re-emerges Africa’s Preferred Destination for FDI as Capital Importation Soars in Q3

Nigeria’s economy, the largest in Africa, is back in the global reckoning after narrowly slipping out of recession in second quarter, as hitherto withdrawn funds are tracing their ways back into the gradually recuperating economy, with capital importation growing by 147.5 per cent in third quarter ended September 30, 2017.

https://newspapers.naijamotherland.com/news/nigeria-re-emerges-africa%E2%80%99s-preferred-destination-for-fdi-as-capital-importation-soars-in-q3-1054050.aspx

CROWNWEALTH019:
Which of the useless Nigeria attract nonsense inflow


Ko ni da fun buhari ati BMC

CROWNWEALTH019:
Which of the useless Nigeria attract nonsense inflow


Ko ni da fun buhari ati BMC

usba:
[s][/s]


E pain am ohhh

deomelllo:








We are back in serious business and investors confidence in Nigeria is soaring through the roof.


And with the power situation getting better, the sky is the limit

deomelllo:








We are back in serious business and investors confidence in Nigeria is soaring through the roof.


And with the power situation getting better, the sky is the limit