23 August 2018 : According to data recently released by the National Bureau of Statistics, the total value of capital imported into Nigeria moderated 13% q/q to $5.5 billion in Q2’18, albeit still representing a significant improvement from the $1.8 billion recorded in Q2’17. A breakdown of the capital importation statistics showed that the q/q decline was driven by a 10% and 24% moderation in Foreign Portfolio Inflows (FPI) and Other Investments respectively, both offsetting a 6% q/q rise in Foreign Direct Investment over the quarter.
Notably, the decline in FPIs was solely driven by a 24% q/q moderation in investments in Money Market Instruments amid a notable 49% q/q rise in equity market investments. Overall, FPIs continued to account for the largest portion of total foreign inflows into Nigeria, at 75% as at Q2’18, while Foreign Direct Investments contributed the least at 5%.
Reporting for EasyKobo on Thursday ,23 August 2018 in Lagos, Nigeria
Source: Vetiva Capital Management Limited