The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria attracted $5.85 billion capital importation in the first quarter of 2020, representing about 31.19 percent decline from the $8.51 billion total inflows recorded in the corresponding period of last year.
However, the latest capital importation report released by the official statistics producing agency for Q1, inflows, represented an increase of 53.97% when compared to how much was received in Q4 2019.
When analysed based on capital inflow by type, the report indicated that in the quarter under review, the largest capital inflows came from portfolio investment, which accounted for 73.61 percent or $4.31 billion…
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