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Nigeria recorded a princely 12.2 billion dollars capital inflow in 2017, according to the National Bureau of Statistics (NBS). The NBS made the disclosure in its “Nigeria Capital Importation for Fourth Quarter and Full Year 2017 Report” posted on its website. According to the report, the inflow represents an increase of 7,104.4 million dollars or 138.7 per cent, compared with the figure recorded in 2016. NBS The report said that the capital inflow in the fourth quarter of 2017 was 5.32 billion dollars, compared with the 4.14 billion dollars recorded in the third quarter of 2017 and 1.54 billion dollars recorded in the fourth quarter of 2016. It stated, however, that the growth in capital inflow in 2017 was mainly driven by an increase in portfolio investments. The report explained that the capital inflow was divided into three main investment types. It identified the investment types as Foreign Direct Investment (FDI), Portfolio Investment and Other Investments, each comprising various sub-categories. The report said that portfolio investment went up by 5,516.2 million dollars from the previous year to reach 7,329.1 million dollars in 2017, accounting for 60 per cent of total capital inflow. It stated that portfolio investment, which recorded 3,477.5 million dollars in the fourth quarter of 2017, remained the largest component of the capital inflow and contributed 64.6 per cent of the total amount, standing at 5,382.86 dollars.
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