The total value of capital imported into Nigeria stood at $5.854 billion in the first quarter of 2020, representing a 53.97 percent increase compared to $3.802 billion recorded in Q4 2019.
According to the National Bureau of Statistics report released on Tuesday, the largest amount of capital importation by type was received through Portfolio investment at $4.309 billion, accounting for 73.61 percent of total capital importation.
This was followed by Other Investment, which accounted for 22.73 percent at $1.33 billion of total capital, and Foreign Direct Investment (FDI) which accounted for 3.66percent $214.25million of total capital imported in Q1 2020.
The United Kingdom emerged as the top source of capital investment in Nigeria in Q1 2020 with $2.90 billion accounting for 49.68 percent of the total capital inflow in Q1 2020.
By source of Bank for inflow Standard Chartered Bank Nigeria Limited emerged at the top of capital investment in Nigeria in the period with $1.65billion, representing 28.30 percent of the total capital inflow in Q1 2020.
By Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria
in Q1 2019 with $5.135 billion, this accounted for 87.72percent of the total capital inflow in Q1 2020.