The National Bureau of Statistics has released the capital importation
report for the third quarter of 2016 with the country recording an
increase of 74.84 per cent in investment inflow from $1.04bn in the
second quarter to $1.82bn.
The bureau in the report released yesterday in Abuja, however, stated
that when compared with the inflow in the relative third quarter of
2015, the capital imported into the country represents a decline of
33.7 per cent.
There are three major categories of investment that make up the total
investment inflow into the country. They are portfolio investment,
foreign direct investment and other investment.
An analysis of the report revealed that during the third quarter,
portfolio investment rose by 172.84 per cent from $337.3m in the
second quarter to $920.32m.
In the same vein, the report stated that foreign direct investment
rose by 84.8 per cent from $184.3m in the second quarter to $340.64m
in the third quarter while other investment rose by 7.8 per cent from
$520.6m to $561.6m.
It said, “In the third quarter of 2016, portfolio investment was the
largest component of imported capital and accounted for $920.32
million.
“Although portfolio equity declined by 28.12 per cent relative to the
previous quarter, this is outweighed by large increases in other types
of portfolio investments.
“Bonds increased from zero in the second quarter, to $369m in the
third, and money market instruments increased from $57.5m to $350.2m
over the same period, an increase of 509.03 per cent.
“This is the first quarter since 2007 second quarter in which equity
was not the largest part of portfolio investment.
“At $201.12m this type of portfolio investment remains considerably
subdued relative to previous highs of $4.9bn in the first quarter of
2013, and $3.87bn in the second quarter of 2014.”
The report explained that the highest amount of investment inflow for
the third quarter of this year was recorded in the month of August
when $894m was brought into the country by investors.
This, according to the report, was the highest monthly amount brought
into the country by investors since July 2015.
The report explained further that in the month of September this year,
the country recorded a total investment inflow of $649.76m.
This, it noted, was still more than any monthly investment inflow
recorded during the first and second quarter of this year.
The report reads in part, “The total value of capital imported into
Nigeria in the third quarter of 2016 was estimated to be $1.82bn,
which represents an increase of 74.84 per cent relative to the second
quarter.”
Explaining the reason for the quarterly increase in investment inflow,
the report stated that most of the increase in the value of capital
importation came from debt financing.
For instance, it said that out of the total quarterly increase, 85 per
cent was accounted for by increases in portfolio investment in bonds
and money market instruments.
END
report for the third quarter of 2016 with the country recording an
increase of 74.84 per cent in investment inflow from $1.04bn in the
second quarter to $1.82bn.
The bureau in the report released yesterday in Abuja, however, stated
that when compared with the inflow in the relative third quarter of
2015, the capital imported into the country represents a decline of
33.7 per cent.
There are three major categories of investment that make up the total
investment inflow into the country. They are portfolio investment,
foreign direct investment and other investment.
An analysis of the report revealed that during the third quarter,
portfolio investment rose by 172.84 per cent from $337.3m in the
second quarter to $920.32m.
In the same vein, the report stated that foreign direct investment
rose by 84.8 per cent from $184.3m in the second quarter to $340.64m
in the third quarter while other investment rose by 7.8 per cent from
$520.6m to $561.6m.
It said, “In the third quarter of 2016, portfolio investment was the
largest component of imported capital and accounted for $920.32
million.
“Although portfolio equity declined by 28.12 per cent relative to the
previous quarter, this is outweighed by large increases in other types
of portfolio investments.
“Bonds increased from zero in the second quarter, to $369m in the
third, and money market instruments increased from $57.5m to $350.2m
over the same period, an increase of 509.03 per cent.
“This is the first quarter since 2007 second quarter in which equity
was not the largest part of portfolio investment.
“At $201.12m this type of portfolio investment remains considerably
subdued relative to previous highs of $4.9bn in the first quarter of
2013, and $3.87bn in the second quarter of 2014.”
The report explained that the highest amount of investment inflow for
the third quarter of this year was recorded in the month of August
when $894m was brought into the country by investors.
This, according to the report, was the highest monthly amount brought
into the country by investors since July 2015.
The report explained further that in the month of September this year,
the country recorded a total investment inflow of $649.76m.
This, it noted, was still more than any monthly investment inflow
recorded during the first and second quarter of this year.
The report reads in part, “The total value of capital imported into
Nigeria in the third quarter of 2016 was estimated to be $1.82bn,
which represents an increase of 74.84 per cent relative to the second
quarter.”
Explaining the reason for the quarterly increase in investment inflow,
the report stated that most of the increase in the value of capital
importation came from debt financing.
For instance, it said that out of the total quarterly increase, 85 per
cent was accounted for by increases in portfolio investment in bonds
and money market instruments.
END
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