The total value of capital importation into Nigeria in the second quarter of the year fell to $1.03 billion from $1.13 billion in the preceding quarter, the
“In Q2 2023, total capital importation into Nigeria stood at $1,030.21 million, lower than $1,535.35 million recorded in Q2 2022, indicating a decrease of 32.90 per cent. This was followed by Portfolio Investment with 10.37 per cent and Foreign Direct Investment with 8.35 per cent . The NBS noted that capital importation during the reference period originated largely from the United States with $271.92 million, accounting for 26.39 per cent, followed by Singapore and South Africa with $177.44 million and $136.95 million respectively.It said by destination of investment, Lagos State remained the top destination in Q2 2023 with $778.06 million, accounting for 75.52 per cent of total capital.