{"id":29045,"date":"2020-08-28T10:28:39","date_gmt":"2020-08-28T10:28:39","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=29045"},"modified":"2020-08-28T10:28:45","modified_gmt":"2020-08-28T10:28:45","slug":"foreign-capital-inflow-into-nigeria-falls-by-78-in-second-quarter-nbs","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=29045","title":{"rendered":"Foreign capital inflow into Nigeria falls by 78% in second quarter \u2013NBS"},"content":{"rendered":"\n
\"\"\/<\/figure>\n\n\n\n

The total value of inflow of foreign capital into the Nigerian economy in the second quarter of this year crumbled by 77.88% relative to the first quarter, the National Bureau of Statistics (NBS) said on Friday.<\/p>\n\n\n\n

The country\u2019s Q2 2020 foreign capital inflow figure, which stood at $1.295 billion, fell by 78.60% from the one recorded in the corresponding period of 2020 as Africa\u2019s biggest economy takes a double whammy from a record crash in the price of oil, its top export commodity, and the coronavirus pandemic.<\/p>\n\n\n\n

The largest amount of capital importation by type was received through Other investment, which accounted for 58.77% ($761.03m) of total capital imported, followed by Portfolio \u201cInvestment, which accounted for 29.76% ($385.32m) and Foreign Direct Investment (FDI), which accounted for 11.47% ($148.59m) of total capital imported in Q2 2020,\u201d the statistics office said in its Nigerian Capital Importation Q2 2020 Report.<\/em><\/p>\n\n\n\n

On sectorial basis, capital importation by shares dominated in Q2 2020, accounting for $465.57 million of the entire capital importation in the period.<\/p>\n\n\n\n

The biggest source of capital investment to Nigeria was the United Kingdom, which provided $428.83 million or 32.12% of the nation\u2019s foreign capital inflow.<\/p>\n\n\n\n

Lagos State was the number one destination of capital investment, accounting for as much as $1.130 billion or 87.30% of Nigeria\u2019s capital information figure.<\/p>\n\n\n\n

By bank, Standard Chartered emerged at the top of capital investment in Nigeria at $425.21 million, translating to 32.84%.<\/p>\n\n\n\n

Foreign Direct Investment<\/a>, which constituted $148.590 million of the Q2 2020 figure, contracted by 30.65% quarter on quarter (QoQ) and 33.41% year on year (YoY).<\/p>\n\n\n\n

Portfolio Investment<\/a>, however, accounted for $385.32 million of the foreign capital inflow figure for the period, falling by 91.06% QoQ and 91.14 YoY. Of this, money market instruments made up $332.07 while equity was responsible for the rest $53.25 million.<\/p>\n\n\n\n

Other Investment totalled $761.03 million, declining by 42.81% QoQ and 48.60% YoY. This category comprised Loans ($726 million) and Other Claims ($35.04 million).<\/p>\n","protected":false},"excerpt":{"rendered":"

The total value of inflow of foreign capital into the Nigerian economy in the second quarter of this year crumbled by 77.88% relative to the first quarter, the National Bureau of Statistics (NBS) said on Friday. The country\u2019s Q2 2020 foreign capital inflow figure, which stood at $1.295 billion, fell by 78.60% from the one […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[21],"tags":[],"yoast_head":"\nForeign capital inflow into Nigeria falls by 78% in second quarter \u2013NBS » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=29045\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=29045#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=21\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Foreign capital inflow into Nigeria falls by 78% in second quarter \u2013NBS\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Foreign capital inflow into Nigeria falls by 78% in second quarter \u2013NBS » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=29045","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=29045#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/watchdogplusmedia.com\/?cat=21"},{"@type":"ListItem","position":3,"name":"Foreign capital inflow into Nigeria falls by 78% in second quarter \u2013NBS"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=21\" rel=\"category\">Economy<\/a>","rttpg_excerpt":"The total value of inflow of foreign capital into the Nigerian economy in the second quarter of this year crumbled by 77.88% relative to the first quarter, the National Bureau of Statistics (NBS) said on Friday. The country\u2019s Q2 2020 foreign capital inflow figure, which stood at $1.295 billion, fell by 78.60% from the one…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/29045"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29045"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/29045\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}