Foreign funds invested into the Nigerian economy in the second quarter (Q2) of 2022 have increased to $1.5 billion from the $875 million in the second quarter of 2021, a report by the National Bureau of Statistics (NBS) has revealed.
NBS, in the document, states that the largest amount of capital received was through portfolio investment, which accounted for 49.33% ($757.3m). This was followed by Other Investment with 41.09% ($630.9m) and Foreign Direct Investment (FDI) accounted for 9.58% ($147.2m) of total capital imported in Q2 2022.
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