Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Nigeria’s Capital Importation Declines by 22.85% in Q2 2024

Nnaemeka OkwarabyNnaemeka Okwara
October 8, 2024
in Business & Finance
0
Nigeria’s Capital Importation Declines by 22.85% in Q2 2024
Share on FacebookShare on TwitterShare on Whatsapp

The National Bureau of Statistics (NBS) has published its report on capital importation for the second quarter of 2024, showing a 22.85% drop in capital importation compared to the first quarter.

In Nigeria, capital importation fell from $3.37 billion in the first quarter of 2024 to $2.60 billion in the second quarter. However, this amount is a substantial 152.8% higher than the $1.03 billion imported in the second quarter of 2023.

Portfolio Investment was the largest category, with $1.40 billion, making up 53.93% of total capital importation. Other Investment followed with $1.169 billion, accounting for 44.92%. Foreign Direct Investment (FDI) was the smallest, contributing $29.83 million, or 1.15%.

The banking sector attracted the most capital, with $1.12 billion (43.15%), followed by the Production/Manufacturing sector ($624.71 million, 23.99%) and the Trading sector ($569.22 million, 21.86%).

Most of the capital came from the United Kingdom ($1,120.15 million, 43.01%), the Netherlands ($577.82 million, 22.19%), and South Africa ($255.98 million, 9.83%).

Tags: BusinessDeclinefederal characterImportationNewsNigeriaNigeria's Capital Importation Declines by 22.85% in Q2 2024Q2
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 3, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 2, 2025
Is YouTube the Future or a Trap for Nollywood?
Business & Finance

$24.5M Silence Fee? Trump Wins Against YouTube

October 1, 2025
Next Post
Tunisia: Kais Saied Wins Second Term with Landslide Victory

Tunisia: Kais Saied Wins Second Term with Landslide Victory

Power Struggle or Hidden Agendas? Fubara’s Take on Rivers State Unrest

Power Struggle or Hidden Agendas? Fubara’s Take on Rivers State Unrest

Governor Fubara Establishes Judicial Commission of Inquiry into Rivers State Violence

Governor Fubara Establishes Judicial Commission of Inquiry into Rivers State Violence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Vietnam Elects Army General Cuong as New President

Vietnam Elects Army General Cuong as New President

12 months ago
President Buhari Signs Nigeria Start-up Bill into Law

President Buhari Signs Nigeria Start-up Bill into Law

3 years ago
The Truth About Growing Longer Lashes (Without the Lies)

The Truth About Growing Longer Lashes (Without the Lies)

2 months ago
Modi’s Potential Visit to Ukraine: Diplomatic Gambit or Peace Effort?

Modi’s Potential Visit to Ukraine: Diplomatic Gambit or Peace Effort?

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Is Britain’s Fight Against Antisemitism Failing After Manchester Synagogue Attack

Is China’s New ‘K Visa’ a Direct Challenge to the US H-1B Program?

BBNaija S10: Here’s Why Fans Are Demanding Faith’s Disqualification

Supreme Court or Nothing: Rivers Emergency Suit Thrown Out

NARD Sounds Alarm as Malnutrition Wipes Out Nigeria’s Next Generation

Investors Dumped U.S. Assets Overnight As Government Shutdown

Trending

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

byEriki Joan Ugunushe
October 3, 2025
0

The Nigerian Naira has been dealt yet another humiliating blow in the black market, as foreign currencies—particularly...

Oba Ewuare II Dismisses Iyaloja Role In Benin

Oba Ewuare II Dismisses Iyaloja Role In Benin

October 2, 2025
Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

October 2, 2025
Is Britain's Fight Against Antisemitism Failing After Manchester Synagogue Attack

Is Britain’s Fight Against Antisemitism Failing After Manchester Synagogue Attack

October 2, 2025
Is China's New 'K Visa' a Direct Challenge to the US H-1B Program?

Is China’s New ‘K Visa’ a Direct Challenge to the US H-1B Program?

October 2, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
  • Oba Ewuare II Dismisses Iyaloja Role In Benin
  • Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com