Nigeria records $12bn capital inflow in 2017 – NBS

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NBS

Nigeria recorded a princely 12.2 billion dollars capital inflow in 2017, according to the National Bureau of Statistics (NBS).

The NBS made the disclosure in its “Nigeria Capital Importation for Fourth Quarter and Full Year 2017 Report” posted on its website.

According to the report, the inflow represents an increase of 7,104.4 million dollars or 138.7 per cent, compared with the figure recorded in 2016.

The report said that the capital inflow in the fourth quarter of 2017 was 5.32 billion dollars, compared with the 4.14 billion dollars recorded in the third quarter of 2017 and 1.54 billion dollars recorded in the fourth quarter of 2016.

It stated, however, that the growth in capital inflow in 2017 was mainly driven by an increase in portfolio investments.

The report explained that the capital inflow was divided into three main investment types.

It identified the…



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