Nigeria’s foreign investment rises by 152% to $2.6m …C0NTINUE READING HERE >>>
Nigeria’s capital importation, known as foreign investments, rose by 152.81 per cent to $2.604.50 million in the second quarter of 2024, compared to $1.030.21 recorded in the corresponding quarter of 2023.
The National Bureau of Statistics disclosed this in its latest Capital Importation Data released on Tuesday.
However, this represents a 22.85 per cent decline when compared with the $3.376.01 recorded in Q1 2024.
The data showed that portfolio investments ranked top with US$1,404.70 million, accounting for 53.93 per cent, followed by other investments with US$1,169.97 million,…
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