Shell Energy Entrepreneurs banner Yudala banner
Nigeria’s capital inflows more than double

By News Express on 28/11/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 300


 The total value of capital imported into Nigeria more than doubled in the third quarter to $4.15 billion, after the economy emerged from a recession, the National Bureau of Statistics (NBS) said on Monday.

Nigeria’s economy grew in the second quarter, climbing out of its first recession in 25 years, as oil revenues rose. Last year the central bank imposed currency controls to prevent a collapse in the naira, which affected foreign capital inflows.

The NBS said capital imports were over $4 billion in the third quarter, the first such quarterly rise since 2015, just before the economy tipped into a recession. The rise was driven by portfolio and other investments, it said in a report.

“Shares recorded the largest amount of capital imported in Q3 2017, closely followed by servicing and production sectors,” the statistics office said.

Britain and the United States were among the top 10 sources of imported capital, the statistics office said.

Capital imports fell to $5.12 billion last year after reaching $9.64 billion in 2015. (Reuters)

 

 

 

Source News Express

Posted 28/11/2017 1:11:28 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Fear heightens over fate of kidnapped ex-minister

Hajj Tragedy: Country-by-country death toll •769 now confirmed...

Nigerian Vice-President Namadi Sambo loses over N200m (over...

BREAKING NEWS: Buhari proceeds on sick leave

APGA crisis: REPENT NOW, Chekwas Okorie tells VICTOR...

Roundtable proffers solution to Badoo crisis

Scramble for bailout funds, By Dr. Amanze Obi...

Saraki mourns Akarigbo of Remo, ex-Kano Deputy Governor...

Metuh accuses APC of trying to manipulate election...

Recovered N13bn: Anti-graft coalition invokes FOI on Lagos...

Need for men of the security forces to...

2019: No alternative to Buhari, says APC chieftain...

 

Latest News Access Bank slammed with N200m suit over unlawful account freeze Herdsmen launch another attack in Adamawa, leave 3 dead 2019: Daura youths to purchase nomination forms for Buhari, Masari Ekiti promotes 18 Vice Principals Handshake across the Niger: Ohanaeze lambasts Presidential Spokesman Femi Adeshina Kaduna teachers’ recruitment: 27,639 shortlisted for oral interview Court affirms SERAP’s right to stop ‘double pay’ for ex-governors, seek recovery of over N40bn Fire razes 50 shops, 30 containers of fish in Kano MOSOP rejects call for an Ogoni General Assembly Trump floats ‘nuclear option’ to end shutdown Ugwuanyi commissions state-constructed 103 Battalion Army Barracks road 14 foreigners killed as gunmen storm Afghan hotel

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (316,253 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (306,705 views) Shameless Genevieve Nnaji exposes breasts in public (245,545 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,788 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,418 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (179,824 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,945 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (140,308 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,302 views) Lagos plane crash: Journalist releases victims’ names (124,764 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (122,101 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (119,141 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,854) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,751) Interviews (139) Live Commentary (28) Love Matters (100) News (32,066) Opinion (868) Pidgin (10) Politics (4,364) Religion (667) Sports (1,408) Stock Watch (26) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!