Q3 2018 Capital Importation Value Stood at $2.855bn
The total value of capital importation into Nigeria stood at $2,855.21 million in the third quarter of 2018. This was a decrease of 48.21% compared to Q2 2018 and a 31.12% decrease compared to the third quarter of 2017.
The largest amount of capital importation by type was received through Portfolio investment, which accounted for 60.5% ($1,723.05m) of total capital importation, followed by Other Investment, which accounted for 21.07% ($601.53m) of total capital, and then Foreign Direct Investment FDI, which accounted for 18.58% ($530.63m) of total capital imported in the third quarter.
By sector, Capital importation as shares, which is closely related to Equity investment (FDI and Portfolio Investment) dominated the third quarter of 2018 reaching $1,667.76 of the total capital Importation in the quarter.
The United States emerged as the top source of capital investment in Nigeria in the third quarter of 2018 with $911.33 million. This accounted for 31.91% of the total capital inflow in Q3 2018. Recall that the total value of capital importation into Nigeria stood at $ 5,513.55 million in the second quarter of 2018. This was a decrease of 12.53% compared to Q1 2018, but a 207.62% increase compared to the second quarter of 2017.

The decline recorded in the second quarter was as a result of a decline in Portfolio and Other Investments, which declined by 9.76% and 24.07% respectively.

The largest amount of capital importation by type was received through Portfolio investment, which accounted for 74.7% ($4,119.5m) of total capital importation, followed by Other Investment, which accounted for 20.5% ($1,132.8m) of total capital, and then Foreign Direct Investment FDI, which accounted for 4.7% ($261.4m) of total capital imported in the second quarter.