Nigeria’s capital importation grows by 594%


by BUNMI BAILEY | May 11, 2018



The total value of capital imported in the first three months of 2018 (Q1) stood at $6,303.63 million, which represents a 594 percent increase (year- on–year) from $908.3 million in Q1 2017, according to National Bureau of Statistics (NBS).

The first quarter in 2018 saw a continuous growth in total capital importation into Nigeria, the fourth consecutive quarterly increase since Q2 2017. This increase in capital inflow in Q1, 2018 was driven mainly by Portfolio Investment, which grew from $3,477.53 million in the previous quarter to $4,565.09 million, accounting for 72.42 percent of the total capital importation during the quarter.

Capital importation can be divided into three main investment types: foreign direct investment (FDI), portfolio investment and other investments, each comprising various sub-categories. Since 2017 Q2, portfolio investment has been expanding faster than the other two categories, remaining the largest component of capital imported in Q1, 2018 at 35 percent of total capital imported.

Foreign direct investment and other investment accounted for 3.91 percent and 23.67 percent of total Capital Importation into Nigeria in the quarter under review.

Capital inflow in the form of Shares in the first quarter increased by 3.05 percent from $3.68 billion reported in Q4, 2017 to $3.79 billion in Q1, 2018. This component has recorded a steady rise since the first quarter of 2017, with Q1, 2018 being the fifth quarter of its consecutive rise. The percentage share of Shares investments to total Capital Imported however, decreased from 68.37 percent in the previous quarter to 60.17 percent in the first quarter of 2018.

In the first quarter of 2018, Banking remained the leading sector for foreign capital Inflow which attracted the most considerable amount of capital investment. During the first quarter, $1.18 billion overseas investment flowed to the Banking sector, which accounted for 18.7 percent’s of the total Capital Importation.

Financing exceeded production, servicing and telecoms sectors to become the second leading sector to receive capital investment, attracting $485.41 million during the quarter. This was followed by the Servicing sector with $328.15 million, Production sector with $144.09 million and Agriculture with $130.90 million.

These five economic sectors mentioned above together attracted more than 90 percent of foreign capital investment in the first quarter of 2018. Telecommunications, which ranked fourth in Q4, 2017, only had a total of $87.25 million foreign capital investment in the first quarter of 2018, declining by 54.32% from $191.01 million recorded in the last quarter.

Capital inflow to other sectors including drilling, electrical, marketing, oil and gas, and trading increased significantly compared to the fourth quarter of 2017, although the absolute values to these sectors remained

Also in the first quarter of 2018,Abuja remained the leading state to receive foreign capital inflow after it overtook Lagos in the fourth quarter of 2017,recording an amount of $3.54 billion. This was an increase of 32.24 percent from the figure recorded in the previous quarter, when it reported $2.68 billion.

At the same time, capital importation to Lagos increased marginally by 4.59 percent from $2.55 billion in the last quarter to $2.67 billion in Q1, 2018, while capital Importation to Akwa Ibom was $43.62 million, which is a decline of 65.05 percent from the figure reported last quarter ($124.85 million).

The United Kingdom kept its leading role in capital investment in Nigeria in the first quarter of 2018, with $2.25 billion capital invested in Nigeria. This inflow accounted for 35.73 percent of the total of capital inflow in Q1, 2018, it was also a 39.89 percent increase from the previous quarter and a growth of 644.55 percent over the corresponding period of last year.

The country to account for the second most significant value of capital importation was the United States. The US accounted for $1.26 billion in the first quarter of 2018 or 19.99 percent of the total quarterly capital importation.

The next two largest investors in the first quarter of 2018 were South Africa and Ghana, which recorded $493.22 million and $380.14 million capital inflow into Nigeria in the first quarter

Capital is imported through financial institutions into Nigeria. In the first quarter of 2018, the bank through which the highest share of capital flowed was Standard Chartered Bank. The amount of capital imported through Standard Chartered Bank accounted for 25.49% of the total foreign capital inflow (up from the 15.1 percent share recorded in the last quarter of 2017).

This was followed by Access Bank, Ecobank, Zenith Bank, Stanbic IBTC Bank and Guaranty Trust Bank, which accounted for 16.62%, 14.87%, 10.48%, 9.12% and 5.32% of the total capital importation in the first quarter of 2018 respectively. A total of 81.90% of the foreign capital in 2018 Q1 was imported through the six banks stated above.

http://www.businessdayonline.com/nigerias-capital-importation-grows-594/

Deji and false statistics...I am beginning to suspect this OP works directly with Lai Mohammed

SalamRushdie:
Deji and false statistics...I am beginning to suspect this OP works directly with Lai Mohammed

You have no idea..
Is Businessday now APC / Lai Mohammed? You love bad news, but I like good news and I wanted to celebrate progress.

deji17:

You have no idea..
Is Businessday now APC / Lai Mohammed? You love bad news, but I like good news and I wanted to celebrate progress.

You dey mind that one? Had the headline reads:
FULANI KILL 70 IN BENUE - he would have been happy

Sirjamo:
You dey mind that one? Had the headline reads:
FULANI KILL 70 IN BENUE - he would have been happy

That is wickedness, wizardry and witchcraft on their part. They are wishing their country evil on the basis of partisan politics.

SalamRushdie:
Deji and false statistics...I am beginning to suspect this OP works directly with Lai Mohammed

The fact that you've chosen to believe and accept only negative narrative about Nigeria doesn't mean any positive news is untrue.
In every country of this world, good things happen and bad things happen, while people like you have decided to only push the bad news, others will be there to push the good news.

If the story reads 2M Nigerians have been killed in 2019 by BH or somebody here says he hasn't seen PHCN power supply in the last 3 years in his house , I'm sure you will easily believe that.

Beleive your bad news, we will believe the good news.

gurnam:


The fact that you've chosen to believe and accept only false narrative about Nigeria doesn't mean any positive news is untrue.
In every country of this world, good things happen and bad things happen, while people like you have decided to only push the bad news, other will be there to push the good news.

If the story reads 2M Nigeria have been killed in 2019 by BH or somebody here says he hasn't seen PHCN power supply in the last 3 years in his house , I'm sure you will easily believe that.

Beleive your bad news, we will believe the good news.

It is amazing how some people have turned themselves into sadist and vulture looking for bad news to consume.

Good news here and praying it continues so as to shut wailers up, see one already wailing because of this good news that would be of benefit to him in the long run.

We dont like propaganda/lies, yes it may be better than 2017 but tagging 594% makes it seem like the next best thing after sliced bread

It seems we compare our current status with our worst years rather than our best years to determine actual growth.

We have seen way better under previous pdp administrations.

Retrospect 2008 - 2015

Good job PMB

Yyeske:
Good news here and praying it continues so as to shut wailers up, see one already wailing because of this good news that would be of benefit to him in the long run.

They will keep on wailing till eternity.

If it true. Kudos to those who made it happen

gud news. hw i wish our govt was transparent nd efficient to put certain advancement to gud use only den wud naija see more gud days...

Good news is supposed to portend some good fortune.

But that hasn't been the case.

When these seemingly good statistics don't trickle down to positively affect the institutions that relate with the common man on the street, there's a problem.

I mean, what's the point in being children of the wealthiest man in town who just bought over large farms in neighbouring towns when we only have breakfast, work all day and all go to bed hungry?

Well, y'all say we should be happy with these stats but I opine that stats won't pay exorbitant fees and utility bills for unrendered services and multiple taxation. They won't prevent doctors, parameds and support staff from going on strike while the president goes abroad on a medical vacay (who does that?).

My point is this, let's place emphasis on the fiscal. The raw stuff. Like exchange rate at 305 instead 363 for some and 305 for others. Like getting the government to finally get to install and maintain a robust post harvest tech system for perishables in Nigeria. Like finally coming around to solve the educational coma in which Nigeria has been in for at least, 3 decades. Like providing and maintaining a basic welfare and training standard for our security forces. And so on

These and so much more are what, in my humble opinion should be at the front burner of these our forums daily. At The Platform on May 1, the media was indicted heavily as a core problem of this country. The electronic and print media have failed us. A cursory scan of nl would reveal threads of value to our sensibilities as people who are serious about the growth of our nation but they're confined to the cemetery of unsensational, low traffic-generating threads. Gone are the days of staff of Newswatch and later, Tell magazine who sometimes got killed, hounded and/or kidnapped by the government of the day repeatedly over their efforts to ensure a realisation of some of the liberties that we now enjoy today.

It is easy to play politics and dwell on semantics over important issues but one day, when we have children, for those of us who don't, our children will ask us what we did in the face of adversity. They will ask if we sang the praise of our oppressors or if we did all we could to better the lot of all (including that of the oppressors, their children and their praise singers).

Salamrushdie must have tried to say the same thing in an albeit, crude but direct manner.

Esseite:
I dont like propaganda, yes its better than 2017 but tagging 594% makes it seem like the next best thing after sliced bread.

We have seen way better under previous pdp administrations.

Retrospect 2008 - 2015

Now this is statistics not propaganda

Thise properly informed in economics understand how numbers like this the OP posted can be used to sway the uninformed yet it has no real impact on the life of the common man

A serious government shows stats like
Percentage reduction in consumer goods prices
Percentage reduction in accommodation rentage prices
Percentage reduction in food prices
Percentage reduction in crime
Percentage reduction in unemployment
Percentage reduction in death rarte due to insecurity
Not pandering useless statistics this government is know to do

America showed the other day that unemployment has drop to less than 9% that is a record and that is a serious government not this rubbish APC is doing !!

Thank you for this

When I saw the post I just hissed to myself

This is what Bill Gates meant when he said buhari's government is focusing on the wrong things !!!!

A government who knows what they are doing is very clear to all

Sai Baba

Inflation has been.geowimg steadily for the last 3 years

deji17:
Nigeria’s capital importation grows by 594%


by BUNMI BAILEY | May 11, 2018



The total value of capital imported in the first three months of 2018 (Q1) stood at $6,303.63 million, which represents a 594 percent increase (year- on–year) from $908.3 million in Q1 2017, according to National Bureau of Statistics (NBS).

The first quarter in 2018 saw a continuous growth in total capital importation into Nigeria, the fourth consecutive quarterly increase since Q2 2017. This increase in capital inflow in Q1, 2018 was driven mainly by Portfolio Investment, which grew from $3,477.53 million in the previous quarter to $4,565.09 million, accounting for 72.42 percent of the total capital importation during the quarter.

Capital importation can be divided into three main investment types: foreign direct investment (FDI), portfolio investment and other investments, each comprising various sub-categories. Since 2017 Q2, portfolio investment has been expanding faster than the other two categories, remaining the largest component of capital imported in Q1, 2018 at 35 percent of total capital imported.

Foreign direct investment and other investment accounted for 3.91 percent and 23.67 percent of total Capital Importation into Nigeria in the quarter under review.

Capital inflow in the form of Shares in the first quarter increased by 3.05 percent from $3.68 billion reported in Q4, 2017 to $3.79 billion in Q1, 2018. This component has recorded a steady rise since the first quarter of 2017, with Q1, 2018 being the fifth quarter of its consecutive rise. The percentage share of Shares investments to total Capital Imported however, decreased from 68.37 percent in the previous quarter to 60.17 percent in the first quarter of 2018.

In the first quarter of 2018, Banking remained the leading sector for foreign capital Inflow which attracted the most considerable amount of capital investment. During the first quarter, $1.18 billion overseas investment flowed to the Banking sector, which accounted for 18.7 percent’s of the total Capital Importation.

Financing exceeded production, servicing and telecoms sectors to become the second leading sector to receive capital investment, attracting $485.41 million during the quarter. This was followed by the Servicing sector with $328.15 million, Production sector with $144.09 million and Agriculture with $130.90 million.

These five economic sectors mentioned above together attracted more than 90 percent of foreign capital investment in the first quarter of 2018. Telecommunications, which ranked fourth in Q4, 2017, only had a total of $87.25 million foreign capital investment in the first quarter of 2018, declining by 54.32% from $191.01 million recorded in the last quarter.

Capital inflow to other sectors including drilling, electrical, marketing, oil and gas, and trading increased significantly compared to the fourth quarter of 2017, although the absolute values to these sectors remained

Also in the first quarter of 2018,Abuja remained the leading state to receive foreign capital inflow after it overtook Lagos in the fourth quarter of 2017,recording an amount of $3.54 billion. This was an increase of 32.24 percent from the figure recorded in the previous quarter, when it reported $2.68 billion.

At the same time, capital importation to Lagos increased marginally by 4.59 percent from $2.55 billion in the last quarter to $2.67 billion in Q1, 2018, while capital Importation to Akwa Ibom was $43.62 million, which is a decline of 65.05 percent from the figure reported last quarter ($124.85 million).

The United Kingdom kept its leading role in capital investment in Nigeria in the first quarter of 2018, with $2.25 billion capital invested in Nigeria. This inflow accounted for 35.73 percent of the total of capital inflow in Q1, 2018, it was also a 39.89 percent increase from the previous quarter and a growth of 644.55 percent over the corresponding period of last year.

The country to account for the second most significant value of capital importation was the United States. The US accounted for $1.26 billion in the first quarter of 2018 or 19.99 percent of the total quarterly capital importation.

The next two largest investors in the first quarter of 2018 were South Africa and Ghana, which recorded $493.22 million and $380.14 million capital inflow into Nigeria in the first quarter

Capital is imported through financial institutions into Nigeria. In the first quarter of 2018, the bank through which the highest share of capital flowed was Standard Chartered Bank. The amount of capital imported through Standard Chartered Bank accounted for 25.49% of the total foreign capital inflow (up from the 15.1 percent share recorded in the last quarter of 2017).

This was followed by Access Bank, Ecobank, Zenith Bank, Stanbic IBTC Bank and Guaranty Trust Bank, which accounted for 16.62%, 14.87%, 10.48%, 9.12% and 5.32% of the total capital importation in the first quarter of 2018 respectively. A total of 81.90% of the foreign capital in 2018 Q1 was imported through the six banks stated above.

http://www.businessdayonline.com/nigerias-capital-importation-grows-594/

yo OP hailing this poo
have u ever heard of trickle down economics?
if yes then u know that ds ish is just statistics
and won't benefit the common man

This is good news..

OUR ECONOMY IS BLOSSOMING!

PMB, The Economist.


Wailers can hug transformer, no wahala

Esseite:
I dont like propaganda, yes its better than 2017 but tagging 594% makes it seem like the next best thing after sliced bread.

We have seen way better under previous pdp administrations.

Retrospect 2008 - 2015

Enumerate your so-called 'better' we saw under PDP?

How's this piece of news even partisan? This is coming from the same NBS that announced that Nigeria was in a recession....and you and your cohorts jumped to high heavens dancing shoki.

Now, you can no longer believe them because this is positive abi? 594% growth is too much for you? Oya, adjust it to something that will make you happier.

CoolAmbience:



Enumerate your so-called 'better' we saw under PDP?

How's this piece of news even partisan? This is coming from the same NBS that announced that Nigeria was in a recession....and you and your cohorts jumped to high heavens dancing shoki.

Now, you can no longer believe them because this is positive abi? 594% growth is too much for you abi? Oya, adjust it to something that will make you happier.

Who rejoices over reccession as if we are all not in it?
The statistics are up there for you to see, 594% from what really?

Children of Hatred will find a way to argue over an obvious fact.

I love the fact that this kind of good news hurts their soul and makes them go gaga.

Sai Baba till 2023. Children of Hatred can dance shaku shaku on their head, we don't care!!!

Lakeside79:


Now this is statistics not propaganda

Thise properly informed in economics understand how numbers like this the OP posted can be used to sway the uninformed yet it has no real impact on the life of the common man

A serious government shows stats like
Percentage reduction in consumer goods prices
Percentage reduction in accommodation rentage prices
Percentage reduction in food prices
Percentage reduction in crime
Percentage reduction in unemployment
Percentage reduction in death rarte due to insecurity
Not pandering useless statistics this government is know to do

America showed the other day that unemployment has drop to less than 9% that is a record and that is a serious government not this rubbish APC is doing !!

Thank you for this

When I saw the post I just hissed to myself

This is what Bill Gates meant when he said buhari's government is focusing on the wrong things !!!!

A government who knows what they are doing is very clear to all

You sabi abeg

deji17:
Nigeria’s capital importation grows by 594%


by BUNMI BAILEY | May 11, 2018



The total value of capital imported in the first three months of 2018 (Q1) stood at $6,303.63 million, which represents a 594 percent increase (year- on–year) from $908.3 million in Q1 2017, according to National Bureau of Statistics (NBS).

The first quarter in 2018 saw a continuous growth in total capital importation into Nigeria, the fourth consecutive quarterly increase since Q2 2017. This increase in capital inflow in Q1, 2018 was driven mainly by Portfolio Investment, which grew from $3,477.53 million in the previous quarter to $4,565.09 million, accounting for 72.42 percent of the total capital importation during the quarter.

Capital importation can be divided into three main investment types: foreign direct investment (FDI), portfolio investment and other investments, each comprising various sub-categories. Since 2017 Q2, portfolio investment has been expanding faster than the other two categories, remaining the largest component of capital imported in Q1, 2018 at 35 percent of total capital imported.

Foreign direct investment and other investment accounted for 3.91 percent and 23.67 percent of total Capital Importation into Nigeria in the quarter under review.

Capital inflow in the form of Shares in the first quarter increased by 3.05 percent from $3.68 billion reported in Q4, 2017 to $3.79 billion in Q1, 2018. This component has recorded a steady rise since the first quarter of 2017, with Q1, 2018 being the fifth quarter of its consecutive rise. The percentage share of Shares investments to total Capital Imported however, decreased from 68.37 percent in the previous quarter to 60.17 percent in the first quarter of 2018.

In the first quarter of 2018, Banking remained the leading sector for foreign capital Inflow which attracted the most considerable amount of capital investment. During the first quarter, $1.18 billion overseas investment flowed to the Banking sector, which accounted for 18.7 percent’s of the total Capital Importation.

Financing exceeded production, servicing and telecoms sectors to become the second leading sector to receive capital investment, attracting $485.41 million during the quarter. This was followed by the Servicing sector with $328.15 million, Production sector with $144.09 million and Agriculture with $130.90 million.

These five economic sectors mentioned above together attracted more than 90 percent of foreign capital investment in the first quarter of 2018. Telecommunications, which ranked fourth in Q4, 2017, only had a total of $87.25 million foreign capital investment in the first quarter of 2018, declining by 54.32% from $191.01 million recorded in the last quarter.

Capital inflow to other sectors including drilling, electrical, marketing, oil and gas, and trading increased significantly compared to the fourth quarter of 2017, although the absolute values to these sectors remained

Also in the first quarter of 2018,Abuja remained the leading state to receive foreign capital inflow after it overtook Lagos in the fourth quarter of 2017,recording an amount of $3.54 billion. This was an increase of 32.24 percent from the figure recorded in the previous quarter, when it reported $2.68 billion.

At the same time, capital importation to Lagos increased marginally by 4.59 percent from $2.55 billion in the last quarter to $2.67 billion in Q1, 2018, while capital Importation to Akwa Ibom was $43.62 million, which is a decline of 65.05 percent from the figure reported last quarter ($124.85 million).

The United Kingdom kept its leading role in capital investment in Nigeria in the first quarter of 2018, with $2.25 billion capital invested in Nigeria. This inflow accounted for 35.73 percent of the total of capital inflow in Q1, 2018, it was also a 39.89 percent increase from the previous quarter and a growth of 644.55 percent over the corresponding period of last year.

The country to account for the second most significant value of capital importation was the United States. The US accounted for $1.26 billion in the first quarter of 2018 or 19.99 percent of the total quarterly capital importation.

The next two largest investors in the first quarter of 2018 were South Africa and Ghana, which recorded $493.22 million and $380.14 million capital inflow into Nigeria in the first quarter

Capital is imported through financial institutions into Nigeria. In the first quarter of 2018, the bank through which the highest share of capital flowed was Standard Chartered Bank. The amount of capital imported through Standard Chartered Bank accounted for 25.49% of the total foreign capital inflow (up from the 15.1 percent share recorded in the last quarter of 2017).

This was followed by Access Bank, Ecobank, Zenith Bank, Stanbic IBTC Bank and Guaranty Trust Bank, which accounted for 16.62%, 14.87%, 10.48%, 9.12% and 5.32% of the total capital importation in the first quarter of 2018 respectively. A total of 81.90% of the foreign capital in 2018 Q1 was imported through the six banks stated above.

http://www.businessdayonline.com/nigerias-capital-importation-grows-594/

Someone scored 3 own goals, just scored one against the opponent and is wanting to be hailed?

How much was thus inflow before 2015?

GWORO CHEWING GOAT IS LEAVING NXT YR

FINISH

Sirjamo:
You dey mind that one? Had the headline reads:
FULANI KILL 70 IN BENUE - he would have been happy

As they rejoice in bad news, may they continually experience bad things. And as they hate good news, may good things be far from them.

It is also sad how Nigerians prefer to see d growth and development in News than in d everyday live of the common man...

deji17:
It is amazing how some people have turned themselves into sadist and vulture looking for bad news to consume.

To the haters and wailers, bad news is good news just like a medicine man; a deceased village is a good village.