NBS Puts Investment Inflow at $1.04bn
The National Bureau of Statistics on Sunday released a revised version of the capital importation report for the second quarter, with estimated investment inflow of $1.04bn.
The investment inflow represents an increase of 46.58 per cent over the amount recorded in the first quarter of this year.
This contrasts with the preliminary estimate of $647.1m for the second quarter that was based on the first two months of the quarter, which indicated a quarter-on-quarter decrease of 8.98 per cent.
However, a sharp increase in June outweighed the low values recorded in April ($305.82m) and May ($125.58m).
The statement from the NBS read in part, “The total value of capital imported into Nigeria in the second quarter of 2016 was estimated to be $1.04bn, which represents an increase of 46.58 per cent relative to the first quarter, and a fall of 60.91 per cent relative to the second quarter of 2015.
“This contrasts with the preliminary estimate for Q2 2016 of ($647.1m), which was based on the first two months of the quarter, which indicated a quarter-on-quarter on decrease of 8.98 per cent.
“We had estimated June at $215.7m. The actual level of capital imported in June ($610.77m) was, however, the highest monthly value in 2016 so far.”