Fidelity bank banner Bayelsa State banner
Nigeria’s capital inflows more than double

By News Express on 28/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 558


 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 Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Russia 2018 World Cup: Rohr invites Mikel, 27...

EFCC seals fuel station purportedly belonging to Fayose;...

‘Okowa didn’t dole out N14m Easter bonanza to...

Rice production now compulsory for Ebonyi Commisioners, others...

New Year Gift: Saraki to launch Made-in-Nigeria ‘Challenge’...

Oshiomhole’s big test as Edo holds council polls...

Amaechi stresses need for prayers, faith in God...

Arewa condemns attack on Enugu community, urges security...

Ese Oruru: Alleged child abductor Yunusa Dahiru released...

Troops capture 220 Boko Haram insurgents during clearance...

I feel better, says Buhari as he returns...

Kaduna voters move to recall Senator

 

Latest News 2019 election: 8 PDP governorship aspirants opt for consensus in Kaduna Violence, late arrival of election materials characterise Osun APC guber primaries Forex: CBN flags off sale of Chinese Yuan Gunmen storm Zamfara market; kill 2, injure others NAF fighter aircraft neutralises fleeing Boko Haram terrorists Ekiti: Group slams HURIWA over call for sack of INEC Chairman South African police officers to face trial for killing Nigerian FG, States, LGs share N668.898b for May Protection of human rights, cardinal objective of Buhari administration — Minister After 18 years apart, Ethiopian man finds his family in Eritrea FG to issue second Green Bond to finance 2018 budget – DMO Germany’s churches lose 600,000 members in one year

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (363,151 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,006 views) Shameless Genevieve Nnaji exposes breasts in public (287,402 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,852 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,137 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,871 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (186,949 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,888 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,522 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,185 views) Lagos plane crash: Journalist releases victims’ names (147,960 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,123 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,362) Business Verdict (46) Columnists (889) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (616) Global Business Monitor (286) International (2,148) Interview (157) Live Commentary (28) Love Matters (127) News (37,317) Opinion (1,024) Pidgin (10) Politics (5,625) Religion (787) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigerian detainees send SOS from Osama prison

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement