The figure represents an increase of 12.86 per cent compared
to Quarter Two (Q2) 2020 and -74.03 per cent decrease compared to the third
quarter of 2019.
The largest amount of capital importation by type was
received through other investment, which accounted for 43.75 per cent (639.44
million dollars) of total capital importation.
This was followed by Foreign Direct Investment (FDI), which
accounted for 28.38 per cent (414.79 million dollars) of total capital imported
and Portfolio Investment which accounted for 27.87 per cent (407.25 million
dollars) of total capital imported.
Giving details by sector, the report said that capital
importation by production dominated in Q3 2020 reaching 400.09 million dollars
of the total capital importation.
“The United Kingdom emerged as the top source of capital
investment in Nigeria in Q3 2020 with 594.65 million dollars. This accounted
for 40.69 per cent of the total capital inflow.
“By destination of investment, Lagos state emerged as the
top destination of capital investment in Nigeria in Q3 2020 with 1.208 million
dollars. This accounted for 82.71 per cent of the total capital inflow.”
By bank, it said that Standard Chartered Bank Nigeria
Limited emerged at the top of capital investment in Nigeria with 438.98 million
dollars, adding that this accounted for 30.04 per cent of the total capital
inflow.
Data for the report was supplied by the Central Bank of
Nigeria, verified and validated by the NBS.
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