The value of total Capital Importation into Nigeria as at quarter 1 2019 stands at $8,584 million. The figure exceeds the $6,304 million figure for same period in 2018 by 35% and also exceed the forth quarter 2018 figure of $2,685 milliom by 216%. The quarter 1 2019 figures also represents the highest capital importation amount in any quarter since 2013 according to figures from the National Bureau of Statistics.
The brakedown of the figures by types of investement shows that Portfolio investment which includes Equity, Bond and Money Market Instrument, had the preference of foreign investors as it attracted $7,145.98 million which represents over 84% of total Capital importation for the first quarter of 2019.
Other investment which includes loans and other claims attracted $1,096.15 million representing 13% of total Capital Importation for the period while Foreign Direct Investment which include Equity and Other Capital attracted the lowest of the 3 types with $234.36 million representing 3%.
By sector, the banking sector had the highest inflow of capital for the first quarter of 2019 with a total of $2,851.07 million representing 34%. Followed by Shares with $2.403.23 million and Financing with $3,130.13 million while other sectors had less than 1 billion investment each.
By origin, the United Kindom recorded the highest Capital Importation into Nigeria in the first quarter of 2019 with a total of $4,531.22 million representing 53% of total. Followed by United States with $1,432.37 million which was 17% of total. Other origin includes UAE, Swithzerland, South Africa, Netherlands, Belgium, Mauritius and others.
By destination, Lagos attaracted the highest amount $4,773.26 million being 56% of total Capital importation into Nigeria in Q1 2019. Followed by Abuja $3,585.59 million representing 42% while Delta and Ondo recorded the lowest with $40,000 and $26,000 respectively. 17 states had no inflow of Capital for the first quarter of 2019.
By Banks, Stanbic IBTC had the highest inflow of Capital importation into Nigeria with a total of $3,606.09 million representing 42% of total. Followed by Rand Merchant Bank and Stanchart with $1,368.29 million and $1,072.91 million respectively.