Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigeria: Investment inflows drops to nine-year low at N140bn – NBS

    Nigeria: Investment inflows drops to nine-year low at N140bn – NBS

    May 5, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp

    05 May 2016, Abuja – The National Bureau of Statistics on Wednesday released the capital importation report for the first quarter of 2016 stating that the country recorded its lowest investment inflows in nine years.

    NBS.National-Bureau-of-Statistics-640x330The bureau, in the report made available to our correspondent, said the economy attracted a total investment of $710.97m (N140.07bn), noting that this represented a decline of 54.34 per cent compared to the first quarter of 2015

    The report stated that both the quarterly and year-on-year declines were also the lowest recorded since the series began in 2007.

    The report stated, “The total value of capital imported into Nigeria in the first quarter of 2016 was $710.97m, the lowest level since the series began in 2007.

    “This represents a decline of 54.34 per cent in the final quarter of 2015, and a year-on-year decline of 73.79 per cent. Both the quarterly and year-on-year declines were also the lowest recorded since the series began.

    “As a result of these changes, total capital importation has fallen by 89.13 per cent since its peak level in the third quarter of 2014.”

    The report attributed the huge decline in capital importation to what it described as “symptomatic of the challenging period that the Nigerian economy is going through following the fall in crude oil prices.”

    It said although there were a number of reasons why the amount of capital imported in recent years might have been higher than usual, such as the inclusion of Nigerian in the JP Morgan Bond Index, and globally low interest rates triggering a search for higher yields over this period, the fact that the amount of capital imported dropped to a record low suggested that there were further reasons why Nigeria had attracted less foreign investments in recent quarters.

    “Investors may be concerned about whether or not they will be able to repatriate the earnings from their investments, given the current controls on the exchange rate. In addition, as growth has slowed in recent quarters, there may be concerns about the profitability of such investments,” it added.

    In terms of the composition of the investment inflows, the report stated that the largest component of capital importation in the first quarter was portfolio investment.

    This, it said, accounted for $271.03m, or 38.12 per cent of all capital imported.

    The largest subcomponent of portfolio investment was equity, which accounted for $201.69m, representing 74.41 per cent of portfolio investment and 28.37 per cent of total capital imported.

     

     

     

     

    • Punch

    Related News

    SEFA supports electric cooking expansion across three African nations

    Protesters bring “Planet in Crisis” to COP30 headquarters in Belém

    Valmet to deliver biomass boiler and flue gas cleaning system to Saica Group

    E-book
    Resilience Exhibition

    Latest News

    Group launches fossil fuel phase-out campaign, rejects oil resumption in Ogoni

    July 24, 2025

    TotalEnergies starts production from two offshore Angola projects

    July 24, 2025

    Nigeria’s Senate approves President Tinubu’s $21bn external borrowing plan

    July 24, 2025

    Nigeria’s power sector loses N200bn to systemic inefficiencies in Q1 2025

    July 24, 2025

    60 days later, Port Harcourt Refinery inoperable despite $1.5bn revamp

    July 24, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.