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Report Date: May 2018 Nigerian Capital Importation (Q1 2018)

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Page 1: Nigerian Capital Importation Q1 2018nigerianstat.gov.ng/pdfuploads/Nigerian_Capital_Importation_Q1_2018.pdfTelecommunications, which ranked fourth in Q4, 2017, only had a total of

Report Date: May 2018

Nigerian Capital Importation

(Q1 2018)

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Contents

Summary 1

Capital Importation by Type 2

Capital Importation by Sector 3

Capital Importation by State 5

Capital Importation by Country of Origin 5

Infographics 8

Appendix - Tables 26

Methodology 31

Acknowledgment and Contact 32

Capital Importation by Bank 7

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Summary

The data on Capital Importation used in this report was obtained from the Central Bank of Nigeria (CBN). The data is compiled using information on Banking transactions, gathered through Electronic Financial Analysis and Surveillance System (e-FASS) software, which enables the automatic reporting of all banking transactions to CBN. E-FASS follows WTO classification systems and covers all registered financial institutions in Nigeria, thus complying with international standards as well as being highly comprehensive. E-FASS data is supplemented by that form customs, through the analysis of declaration forms for physical capital imported. Data is therefore inclusive of both imported physical capital, such as that of plants and machinery, as well as financial capital importation.

Capital Importation Data

The first quarter in 2018 saw a continuous growth in total Capital Importation into Nigeria, the fourth

consecutive quarterly increase since Q2 2017. The total value of capital imported in the quarter stood at

$6,303.63 million, which is a year on year increase of 594.03% and a 17.11% growth over the figure reported in

the previous quarter. This increase in capital inflow in Q1, 2018 was driven mainly by Portfolio Investment,

which grew from $3,477.53 million in the previous quarter to $4,565.09 million, accounting for 72.42% of the

total Capital Importation during the quarter.

NOTE: Data is subject to revisions within the quarter subsequent to its release. Finalised data and reports updated accordingly and published online.

Figure : Capital Importation (2015 Q1 - q2 2017Q3)

1Nigerian Capital Importation- Q1 2018

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Capital Importation by Type

Capital Importation can be divided into three main investment types: Foreign Direct Investment (FDI),

Portfolio Investment and Other Investments, each comprising various sub-categories. Since 2017 Q2,

Portfolio Investment has been expanding faster than the other two categories, remaining the largest

component of capital imported in Q1, 2018 at 35% of total capital imported. Foreign Direct Investment and

Other Investment accounted for 3.91% and 23.67% of total Capital Importation into Nigeria in the quarter

under review.

Figure : Capital Importation Composition 2017 Q1 & 2018 Q1

In the first quarter, Foreign Direct Investment stood at $246.62 million, falling by 34.83% from the figure

reported in the previous quarter, and growing by 16.67% on a year-on-year basis. Foreign Direct Investment in

Nigeria was still weak when compared to Portfolio Investment and Other Investment, representing only 3.9%

of total capital imported. Equity Investment, a sub-category under FDI contributed ($246.61 million) or 99.9%

of FDI during the quarter, while Other Capital under FDI contributed less than 0.001%.

Foreign Direct Investment (FDI)

Nigerian Capital Importation- Q1 2018

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Portfolio Investment remained the largest component of total capital inflow into Nigeria in the first quarter of

2018. The total value of Portfolio Investment was $4,565.1 million, which is a 1,355.66% growth compared to

Q1, 2017 and a 31.27% growth compared to the figure reported in Q4, 2017. The strong growth of Portfolio

Investment was mainly due to the increase in Money Market Instruments which recorded a figure of $3,527.60

million, accounting for 77.27% of total Portfolio Investments in the first quarter. This sub-category (Money

Market Instruments) has grown quite significantly in the past three quarters, recording quarterly growth rates

of 603% in Q3, 2017, 203% in Q4, 2017 and in 62% in Q1 2018. Portfolio Investment in the form of Equity and

Bonds only recorded $701.61 million and $335.88 million respectively in the quarter under review.

Portfolio Investments

Other Investments

Other Investment recorded $1.49 billion in the first quarter of 2018, declining by 2.29% from the previous

quarter, however, growing by 289.25% compared to the corresponding period of 2017. This category

accounted for 23.67% of total Capital Importation in the first quarter of 2018. As in previous periods, Other

Investment was dominated by Loans ($1,27 billion), which accounted for 85.02% of Other Investments. This

was followed by Other Claims ($223.49 million), which accounted for 14.98% of the category of Capital

Importation. Trade Credits and Currency Deposits posted no inflow in the quarter.

Figure : Portfolio Investment by Sub-category - (2015 Q1- 2018 Q1)

Nigerian Capital Importation- Q1 2018

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Capital Importation by Sector

Capital is either imported in the form of Shares or directly imported by different sectors of the economy. Share

capital investment, which is closely related to Equity investment (FDI and Portfolio Investment) dominated

Capital Importation into Nigeria during the quarter. Capital inflow in the form of Shares in the first quarter

increased by 3.05% from $3.68 billion reported in Q4, 2017 to $3.79 billion in Q1, 2018. This component has

recorded a steady rise since the first quarter of 2017, with Q1, 2018 being the fifth quarter of its consecutive

rise. The percentage share of Shares investments to total Capital Imported however, decreased from 68.37% in

the previous quarter to 60.17% in the first quarter of 2018.

Figure 4 : Proportion of Shares to Total Capital Importation in million $(2015 Q1- 2017 Q4)

Nigerian Capital Importation- Q1 2018

Figure 5: Proportion of Shares to Total Capital Importation in million $(2013 Q3- 2018 Q1)

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Figure 6: Capital Importation by Sector 2018 Q1

Nigerian Capital Importation- Q1 2018

In the first quarter of 2018, Banking remained the leading sector for foreign capital Inflow which attracted the

most considerable amount of capital investment. During the first quarter, $1.18 billion overseas investment

flowed to the Banking sector, which accounted for 18.7% of the total Capital Importation. Financing exceeded

Production, Servicing and Telecoms sectors to become the second leading sector to receive capital investment,

attracting $485.41 million during the quarter. This was followed by the Servicing sector with $328.15 million,

Production sector with $144.09 million and Agriculture with $130.90 million. These five economic sectors

mentioned above together attracted more than 90% of foreign capital investment in the first quarter of 2018.

Telecommunications, which ranked fourth in Q4, 2017, only had a total of $87.25 million foreign capital

investment in the first quarter of 2018, declining by 54.32% from $191.01 million recorded in the last quarter.

Capital inflow to other sectors including Drilling, Electrical, Marketing, Oil and Gas, and Trading increased

significantly compared to the fourth quarter of 2017, although the absolute values to these sectors remained

smaller than the sectors discussed in the previous paragraph.

Capital Importation by State

In the first quarter of 2018, Abuja remained the leading state to receive foreign capital inflow after it overtook

Lagos in the fourth quarter of 2017, recording an amount of $3.54 billion. This was an increase of 32.24% from

the figure recorded in the previous quarter, when it reported $2.68 billion. At the same time, capital

importation to Lagos increased marginally by 4.59% from $2.55 billion in the last quarter to $2.67 billion in Q1,

2018, while Capital Importation to Akwa Ibom was $43.62 million, which is a decline of 65.05% from the figure

reported last quarter ($124.85 million).

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Figure 7: Capital Importation Map by Receiving State in $ (2018 Q1)

In contrast, Ogun, Bauchi, and Kano witnessed strong growth in foreign capital inflow in the first quarter, each

recorded respective growth rates of 182.06%, 370.59%, and 154.84% on a quarter-on-quarter basis.

Nigerian Capital Importation- Q1 2018

Capital Importation by Country of Origin

The United Kingdom kept its leading role in capital investment in Nigeria in the first quarter of 2018, with $2.25

billion capital invested in Nigeria. This inflow accounted for 35.73% of the total of capital inflow in Q1,2018, it

was also a 39.89% increase from the previous quarter and a growth of 644.55% over the corresponding period

of last year. As well as the existence of a historical relationship between the UK and Nigeria, London (the capital

of the UK) is also a principal financial center, which explains the high value of foreign capital from the UK. Since

2010, the UK has accounted for the highest value of capital importation in all but two quarters (both in the

second half of 2015).

The country to account for the second most significant value of capital importation was the United States. The

US accounted for $1.26 billion in the first quarter of 2018 or 19.99% of the total quarterly capital importation.

The US has also been one of the most important investors in Nigeria, usually either the largest or second largest

investor country.

The next two largest investors in the first quarter of 2018 were South Africa and Ghana, which recorded

$493.22 million and $380.14 million capital inflow into Nigeria in the first quarter

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respectively. These two country's capital investment accounted for 7.82% and 6.03% of the total quarterly

capital importation in Q1 2018. Capital Importation from South Africa increased by 79.29% from the previous

quarter and by 673.19% relative to the first quarter in 2017. The first quarter in 2018 was the first time since

2013 that Ghana made a significant capital investment in Nigeria, which made Ghana the fourth largest Capital

Importation source country for Nigeria in this quarter.

Figure 8: Capital Importation Map by Country of Origin in $ millions (2018 Q1)

Nigerian Capital Importation- Q1 2018

Figure 9: Capital Importation Bar Graph by Country of Origin in $ millions (2018 Q1)

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8Nigerian Capital Importation- Q1 2018

Capital Importation by Bank

Capital is imported through financial institutions into Nigeria. In the first quarter of 2018, the bank through

which the highest share of capital flowed was Standard Chartered Bank. The amount of capital imported

through Standard Chartered Bank accounted for 25.49% of the total foreign capital inflow (up from the 15.1%

share recorded in the last quarter of 2017). This was followed by Access Bank, Ecobank, Zenith Bank, Stanbic

IBTC Bank and Guaranty Trust Bank, which accounted for 16.62%, 14.87%, 10.48%, 9.12% and 5.32% of the

total capital importation in the first quarter of 2018 respectively. A total of 81.90% of the foreign capital in

2018 Q1 was imported through the six banks stated above.

Figure 9: Capital Importation Bar Graph by Country of Origin in $ millions (2018 Q1)

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($ million)($ million)

FOREIGN DIRECT INVESTMENT

Nigerian Capital Importation- Q1 2018

Capital Importation by Type of Investment

NIGERIAN CAPITAL IMPORTATION – Q1 2018

Equity

$246.61 $246.62

Foreign Direct Investment Other Capital

$0.005

($ million)($ million)

PORTFOLIO INVESTMENT

Equity

$701.61 $4,565.09

Portfolio Investment Bonds

$335.88

Money market instruments

$3,527.60

($ million)($ million)

OTHER INVESTMENT

Trade credits

-----$1,491.93

Other Investment Loans

$1,268.44

Currency deposits

-----

Other claims

$223.49

Q1Q120182018

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Portfolio investment dominated capital importation in Q1 2018 with a value of

$4,565.09 mln capital imported.

($ million)($ million)

TOTAL

Nigerian Capital Importation- Q1 2018

Capital Importation by Type of Investment

NIGERIAN CAPITAL IMPORTATION – Q1 2018

Q1Q120182018

$6,303.63

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($ million)($ million)

NATURE OF CAPITAL

Nigerian Capital Importation- Q1 2018

Capital Importation by Type of Investment

NIGERIAN CAPITAL IMPORTATION – Q1 2018

Capital Importation by Type of Investment (US$) (January 2018 - March 2018)

Foreign Direct Investment - Other capital

Portfolio Investment - Equity

JanJan20182018

FebFeb20182018

MarMar20182018

$66,451,084.57 $128,442,417.28 $51,717,576.55

Foreign Direct Investment - Equity

$4,980.00 ----- -----

$351,600,121.44 $130,112,638.58 $219,897,031.66

Portfolio Investment - Bonds

$96,370,080.32 $40,233,232.18 $199,273,879.20

Portfolio Investment - Money market instruments

$1,536,494,607.04 $835,726,638.35 $1,155,380,382.93

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($ million)($ million)

NATURE OF CAPITAL

Nigerian Capital Importation- Q1 2018

Capital Importation by Type of Investment

NIGERIAN CAPITAL IMPORTATION – Q1 2018

Capital Importation by Type of Investment (US$) (January 2018 - March 2018)

Other Investments - Loans

Other Investments - Currency deposits

JanJan20182018

FebFeb20182018

MarMar20182018

----- ----- -----

Other Investments - Trade credits

$423,529,303.90 $431,509,206.11 $413,402,864.18

----- ----- -----

Other Investments - Other claims

$134,054,015.37 $70,053,702.71 $19,378,372.84

TOTAL

$2,608,504,192.64 $1,636,077,835.21 $2,059,050,107.36

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13Nigerian Capital Importation- Q1 2018

Capital Importation by Sector

NIGERIAN CAPITAL IMPORTATION – Q1 2018

Shares

Agriculture

$130.90

Banking

$1,180.81

Brewering

$1.00

Construction

$6.20

Consultancy

$1.00

Drilling

$9.06

Electrical

$18.66

Financing

$485.41

Fishing

-----

I T Services

$1.10

Marketing

$4.27

Oil And Gas

$85.62

Production

$144.09

Servicing

$328.15

Hotels

$0.03

Telecoms

$87.25

Tanning

-----

Trading

$27.33

Transport

$0.03

Weaving

-----

($ million)($ million) ($ million)($ million) ($ million)($ million)

TOTALTOTAL

$6,303.63

$3,792.73

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14Nigerian Capital Importation- Q1 2018

Capital Importation by Sector

NIGERIAN CAPITAL IMPORTATION – Q1 2018

$42,627,581.67

$379,173,756.59

-----

$4,110,229.85

$45,000.00

Consultancy

$4,000,000.00

Drilling

$4,975.00

Electrical

$127,849,393.40

Financing

-----

Fishing

-----

I T Services

$4,166,965.00

Marketing

$22,119,420.79

Oil And Gas

$21,862,300.62

Production

$49,317,317.64

Servicing

$1,889,162,101.68

Hotels

-----

Telecoms

$51,194,735.18

Tanning

-----

Trading

$12,065,480.22

Transport

$0.03

Weaving

-----

($ million)($ million) ($ million)($ million) ($ million)($ million)

TOTALTOTAL

$2,608,499,192.64

Agriculture

Banking

Brewering

Construction

Shares

JanJan20182018

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15Nigerian Capital Importation- Q1 2018

Capital Importation by Sector

NIGERIAN CAPITAL IMPORTATION – Q1 2018

$34,768,420.00

$388,568,100.67

-----

$485,446.71

$950,000.00

Consultancy

$5,059,970.00

Drilling

$15,028,899.20

Electrical

$12,267,087.00

Financing

-----

Fishing

$297,937.00

I T Services

-----

Marketing

$4,051,896.72

Oil And Gas

$89,944,102.00

Production

$164,422,578.00

Servicing

$917,811,417.62

Hotels

-----

Telecoms

$802,304.29

Tanning

-----

Trading

$1,590,676.00

Transport

$29,000.00

Weaving

-----

($ million)($ million) ($ million)($ million) ($ million)($ million)

TOTALTOTAL

$1,636,077,835.21

Agriculture

Banking

Brewering

Construction

Shares

FebFeb20182018

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16Nigerian Capital Importation- Q1 2018

Capital Importation by Sector

NIGERIAN CAPITAL IMPORTATION – Q1 2018

$53,500,000.00

$413,070,743.29

$1,000,000.00

$1,609,253.05

-----

Consultancy

-----

Drilling

$3,628,098.12

Electrical

$345,289,910.13

Financing

-----

Fishing

-----

I T Services

$100,000.00

Marketing

$59,445,779.41

Oil And Gas

$32,287,429.00

Production

$114,412,112.26

Servicing

$985,753,136.93

Hotels

$30,000.00

Telecoms

$35,253,420.17

Tanning

-----

Trading

$13,670,225.00

Transport

-----

Weaving

$2,059,050,107.36

($ million)($ million) ($ million)($ million) ($ million)($ million)

TOTALTOTAL

$2,059,050,107.36

Agriculture

Banking

Brewering

Construction

Shares

MarMar20182018

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United Kingdom $2,252.04 $2,252.04

United States $1,259.98 $1,259.98

Rep. Of SA $493.22 $493.22

Ghana $380.14 $380.14

Mauritius $370.54 $370.54

Belgium $319.50 $319.50

Singapore $242.96 $242.96

Cayman Islands $214.87 $214.87

UAE $185.06 $185.06

Netherlands $103.57 $103.57

Canada $0.60$0.60

Botswana $0.50 $0.50

India $0.42 $0.42

Anguilla $0.20 $0.20

Italy $0.15 $0.15

Turkey $0.13 $0.13

Kenya $0.12 $0.12

Norway $0.12 $0.12

Bermuda $0.09 $0.09

Israel $0.01 $0.01

Top Ten Highest Top Ten Lowest

($ million)($ million) ($ million)($ million)

Nigerian Capital Importation- Q1 2018

Capital Importation by Country of Origin

NIGERIAN CAPITAL IMPORTATION – Q1 2018

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18Nigerian Capital Importation- Q1 2018

Capital Importation by Country of Origin

NIGERIAN CAPITAL IMPORTATION – Q1 2018

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19Nigerian Capital Importation- Q1 2018

Capital Importation by Country of Origin

NIGERIAN CAPITAL IMPORTATION – Q1 2018

KIRIBATI -

KOREA, REPUBLIC OF -

LATVIA -

LEBANON 3.84

LIBERIA 9.00

LIECHTENSTEIN -

LUXEMBOURG 73.70

MALAYSIA 0.00

MALTA -

MARSHALL ISLANDS 0.89

MAURITANIA -

MAURITIUS 370.54

MONACO -

MOROCCO -

NAMIBIA 5.00

NETHERLANDS 103.57

NETH.ANTILLES -

NEW ZEALAND -

NIGER -

NORWAY 0.12

PANAMA -

PITCAIRN -

POLAND -

PORTUGAL -

PUERTO RICO -

QATAR -

REP. OF SA 493.22

RUSSIA -

RWANDA -

SAUDI ARABIA -

SEYCHELLES -

SINGAPORE 242.96

SLOVAKIA -

SPAIN -

SWEDEN 2.16

SWITZERLAND 35.58

THAILAND -

TOGO -

TURKEY 0.13

TUNISIA -

UGANDA 20.00

UKRAINE -

UAE 185.06

UK 2,252.04

UNITED STATES 1,259.98

U. REP TANZANIA -

US VIRGIN ISLANDS -

VIETNAM -

VIRGIN ISLANDS 2.00

ZAMBIA 6.50

TOTAL 6,303.63

TABLE 3: Capital Importation

by Country of Origin ($ million)2018

Q1

AFGHANISTAN -

ARMENIA

ANGUILLA 0.20

AUSTRALIA

AUSTRIA -

BAHAMAS

BAHRAIN -

BARBADOS

BELGIUM 319.50

BENIN

BERMUDA 0.09

BOTSWANA 0.50

BRAZIL -

BRITISH VIRGIN ISLANDS 81.33

BRUNEI DARUSSALAM -

BULGARIA -

CANADA 0.60

CAMEROON

CAYMAN ISLANDS 214.87

CHINA 44.48

CONGO 10.02

COTE D'IVORIE -

CYPRUS 6.58

CZECH REPUBLIC -

DENMARK -

DJIBOUTI -

EGYPT -

FINLAND 5.00

FRANCE 40.50

GAMBIA -

GABON -

GERMANY 9.77

GIBRALTAR -

GUINEA 10.00

GHANA 380.14

GREECE 45.72

HONG KONG 27.34

HUNGARY -

INDIA 0.42

INDONESIA -

IRELAND -

ISLE OF MAN 40.00

ISRAEL 0.01

ITALY 0.15

JAPAN -

KENYA 0.12

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Destination Of Investment

ABUJA (F C T)

$1,623,915,377.24 $782,211,277.38 $1,138,360,945.97 $3,544,487,600.59

January February March Total Q1 2018

LAGOS

$948,195,528.32 $836,432,375.84 $882,216,405.28 $2,666,844,309.44

AKWA IBOM

$30,505,400.00 $8,117,087.00 $5,000,000.00 $43,622,487.00

OGUN

$9,150,000.00 $13,065,000.00 $24,812,970.00 $2,597,970.00

56.23%

2018 Total (%)

42.31%

0.69%

0.39%

January February March Total Q1 2018 2018 Total (%)

January February March Total Q1 2018 2018 Total (%)

January February March Total Q1 2018 2018 Total (%)

Nigerian Capital Importation- Q1 2018

Capital Importation by State

NIGERIAN CAPITAL IMPORTATION – Q1 2018

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Destination Of Investment

OYO

$1,850,000.00 $167,094.99 $6,616,675.00 $8,633,769.99

$4,975.00 ----- $5,000,000.00 $5,004,975.00

ADAMAWA

----- ------ $2,000,000.00 $2,000,000.00

BAUCHI

------ $2,000,000.00 ------ $2,000,000.00

0.14%

0.08%

0.03%

0.03%

Nigerian Capital Importation- Q1 2018

Capital Importation by State

NIGERIAN CAPITAL IMPORTATION – Q1 2018

ANAMBRA

January February March Total Q1 2018 2018 Total (%)

January February March Total Q1 2018 2018 Total (%)

January February March Total Q1 2018 2018 Total (%)

January February March Total Q1 2018 2018 Total (%)

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22Nigerian Capital Importation- Q1 2018

Capital Importation by State

NIGERIAN CAPITAL IMPORTATION – Q1 2018

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2013 2014 2015 2016 2017 2018Q3 Q4 Q1 Q2 Q3 Q4 Total 2014 Q1 Q2 Q3 Q4 Total 2015 Q1 Q2 Q3 Q4 Total 2016 Q1 Q2 Q3 Q4 Total 2017 Q1

195.28 121.82 490.69 472.99 544.5 768.86 2,277.04 394.61 211.14 717.71 123.16 1,446.62 174.46 184.29 340.64 344.63 1,044.02 211.38 274.37 117.60 378.41 981.75 246.62

Equity 194.63 113.95 490.39 461.58 544.21 767.83 2,264.01 394.56 211.01 715.86 120.98 1,442.41 173.73 184.21 340.64 344.57 1,043.15 210.1 274.07 117.47 377.8 979.44 246.61

Other Capital 0.65 7.87 0.3 11.41 0.29 1.03 13.03 0.05 0.13 1.86 2.17 4.21 0.73 0.08 - 0.07 0.88 1.28 0.30 0.13 0.61 2.32 0.005

3,735.48 3,395.76 2,869.19 4,917.13 5,127.75 2,003.10 14,917.17 1,860.65 2,183.15 1,009.13 952.5 6,005.43 271.03 337.31 920.32 284.22 1,812.88 313.61 770.51 2,767.42 3,477.53 7,329.06 4,565.09

Equity 3,532.53 2,719.29 2,260.36 3,875.35 3,770.37 1,542.08 11,448.16 1,139.38 1,846.08 879.97 792.12 4,657.55 201.69 279.81 201.12 176.44 859.06 101.99 614.05 1,932.07 989.2 3,637.31 701.61

Bonds 31.64 427.65 482.49 731.74 1,000.28 229.48 2,443.99 705.12 50.54 20.34 0.28 776.28 1.5 - 369 25.4 395.90 - 57.87 115.43 309.54 482.84 335.88

Money market instruments 171.32 248.83 126.34 310.04 357.1 231.54 1,025.02 16.14 286.53 108.82 160.1 571.59 67.85 57.5 350.2 82.37 557.92 211.61 98.59 719.91 2,178.79 3,208.90 3,527.60

488 1,163.81 544.67 413.76 870.33 1,727.78 3,556.54 416.34 272.07 1,021.26 481.3 2,190.97 265.48 520.57 561.16 920.03 2,267.24 383.28 747.47 1,260.08 1,526.92 3,917.75 1,491.93

Trade credits - - 14.7 1.37 5.08 0.88 22.03 - - - - - - - - 0.16 0.16 - - - 10.00 10.00 -

Loans 239.69 920.52 436.41 236.99 349.93 391 1,414.33 384.83 153.23 696.38 420.84 1,655.28 241.81 520.19 561.1 917.01 2,240.11 369.28 747.47 956.69 1,091.20 3,164.63 1,268.44

Currency deposits - 2.48 - - - - - - 0.99 7.11 - 8.10 - - - 0.03 0.03 3 - 0.52 0 3.52 -

Other claims 248.3 240.81 93.56 175.4 515.31 1,335.91 2,120.18 31.51 117.85 317.77 60.46 527.59 23.66 0.38 0.06 2.83 26.93 11 - 302.88 425.72 739.60 223.49

4,418.75 4,681.39 3,904.55 5,803.89 6,542.58 4,499.74 20,750.76 2,671.59 2,666.36 2,748.10 1,556.95 9,643.00 710.97 1,042.17 1,822.12 1,548.88 5,124.14 908.27 1,792.34 4,145.10 5,382.86 12,228.57 6,303.63

TABLE 1: Capital Importation by Type of Investment ($ million) QUARTERLY 2013-2018

Foreign Direct Investment

Portfolio Investment

Other Investment

TOTAL

S/NNATURE OF

CAPITALJan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18

1.00 Foreign Direct

Investment - Equity 45,196,987.67 75,569,157.84 89,335,461.68 158,668,049.07 67,666,884.55 47,734,948.26 29,058,608.66 53,986,900.03 34,423,333.52 104,095,918.15 127,778,253.23 145,922,743.46 66,451,084.57 128,442,417.28 51,717,576.55

2.00

Foreign Direct

Investment - Other

capital

1,009,960.20 252,380.60 16,383.44 - 300,000.00 - 86,271.43 39,955.00 - 13,690.00 499,955.00 100,000.00 4,980.00

Portfolio Investment -

Equity 35,657,186.23 38,906,449.57 27,431,141.29 43,960,464.18 267,143,906.82 302,949,729.74 433,752,242.26 801,576,299.53 696,739,622.14 217,481,045.91 259,405,318.38 512,309,147.09 351,600,121.44 130,112,638.58 219,897,031.66

Portfolio Investment -

Bonds - - - - 57,869,459.45 - 17,612,998.95 20,201,497.63 77,619,647.42 119,355,774.97 103,518,555.75 86,669,575.01 96,370,080.32 40,233,232.18 199,273,879.20

Portfolio Investment -

Money market

instruments

32,190,625.00 149,389,262.33 30,030,539.47 75,000,000.00 12,235,000.00 11,350,000.00 15,087,137.00 158,020,052.04 546,806,453.68 938,817,637.54 951,052,097.27 288,917,100.41 1,536,494,607.04 835,726,638.35 1,155,380,382.93

Other Investments -

Trade credits - - - - - - - - - - 9,999,993.00 -

Other Investments -

Loans 73,848,153.25 209,426,486.20 86,008,724.50 285,646,459.93 211,259,661.95 250,560,178.43 568,595,493.94 235,087,411.17 153,003,750.82 310,900,587.88 424,164,638.86 356,136,210.50 423,529,303.90 431,509,206.11 413,402,864.18

Other Investments -

Currency deposits - 3,000,000.00 - - - - - 517,948.86 - - -

Other Investments -

Other claims - - 11,000,000.00 - - - - 29,501,369.10 273,378,346.47 340,543,964.69 44,377,892.87 40,796,990.59 134,054,015.37 70,053,702.71 19,378,372.84

TOTAL 187,902,912.35 476,543,736.54 243,822,250.38 563,274,973.18 616,474,912.77 612,594,856.43 1,064,192,752.24 1,298,931,433.36 1,781,971,154.05 2,031,208,619.14 1,920,796,704.36 1,430,851,767.06 2,608,504,192.64 1,636,077,835.21 2,059,050,107.36

Capital Importation by Type of Investment (US$) (Jan-2017 - Mar-2018)

Note: March 2018 is provisional

Page 26: Nigerian Capital Importation Q1 2018nigerianstat.gov.ng/pdfuploads/Nigerian_Capital_Importation_Q1_2018.pdfTelecommunications, which ranked fourth in Q4, 2017, only had a total of

2013 2014 2015 2016 2018

Q3 Q4 Q1 Q2 Q3 Q4 Total 2014 Q1 Q2 Q3 Q4Total

2015Q1 Q2

Total

2016Q4 Total 2017 Q1

Shares 3,476.70 3,046.67 2,773.36 4,575.25 4,523.86 1,934.32 13,806.79 1,280.67 1,877.26 1,736.48 831.88 5,726.29 243.53 347.99 1,466.04 3,680.34 10,104.49 3,792.73

Agriculture 40.1 24.85 15.08 0.22 0.83 8.19 24.32 2.68 0.05 95.10 0.50 98.33 0.20 1.00 22.47 62.46 195.65 130.90

Banking 55.65 94.48 104.93 191.10 330.99 337.16 964.18 114.89 360.92 244.24 193.49 913.54 107.58 108.11 932.51 543.37 1,078.86 1,180.81

Brewering 3.82 0.76 - - - - 0.00 - - 9.06 - 9.06 11.64 11.32 54.26 2.3 19.96 1.00

Construction 22.29 2.03 10.63 4.62 4.88 35.56 55.69 4.30 3.24 11.10 9.38 28.02 10.16 14.95 32.48 92.71 100.85 6.20

Consultancy 0.51 12.81 2.81 6.96 7.74 8.91 26.42 0.70 0.10 0.23 9.56 10.59 0.14 0.20 2.92 2.06 15.50 1.00

Drilling 0.21 0.06 0.01 1.01 39.24 1.00 41.26 1.01 0.01 0.13 0.17 1.32 - 0.41 0.46 0.3 3.32 9.06

Electrical 4.46 3.36 5.95 1.79 5.84 2.44 16.02 0.83 73.39 0.58 137.52 212.32 70.15 12.84 125.36 5.1 70.55 18.66

Financing 357.56 858.12 345.28 723.14 1,073.83 566.06 2,708.31 763.49 46.54 35.15 13.71 858.89 42.57 1.08 95.34 122.68 337.12 485.41

Fishing - - 0.45 - 0.10 - 0.55 - - - 0.01 0.01 - 3.00 6.00 99.43 99.43 -

I T Services 10 16.7 2.50 2.57 1.65 3.25 9.97 1.40 5.75 2.02 3.61 12.78 1.02 0.63 1.72 8.45 23.51 1.10

Marketing 0.17 2.36 0.06 - 0.03 - 0.09 - - 0.15 0.80 0.95 0.20 - 0.80 0.48 2.23 4.27

Oil And Gas 1.62 53.65 201.14 3.83 3.16 0.05 208.18 9.47 4.86 2.21 13.22 29.76 20.83 200.39 720.15 23.83 436.73 85.62

Production 72.59 32.98 104.07 107.88 365.10 366.92 943.97 118.36 51.20 162.42 91.72 423.70 77.77 89.42 302.65 317.82 1,486.44 144.09

Servicing 105.63 19.22 32.36 53.58 110.49 354.88 551.31 6.29 12.83 65.64 115.71 200.47 55.05 119.75 298.91 216.45 1,681.52 328.15

Hotels 0.08 - 0.57 0.53 1.34 8.83 11.27 - - 1.15 - 1.15 0.75 - 0.75 0.03 0.38 0.03

Telecomms 180.31 355.47 135.68 61.66 27.07 769.92 994.33 336.87 138.40 369.49 93.37 938.13 13.44 118.71 931.20 191.01 606.63 87.25

Tanning - - - - - - 0.00 - - - - 0.00 - - 0.00 0.52 0.52 -

Trading 86.94 157.32 169.35 68.11 46.43 101.72 385.61 28.54 91.57 6.66 40.77 167.54 55.08 12.37 124.92 12.96 60.91 27.33

Transport 0.13 0.55 0.30 1.64 - 0.53 2.47 2.10 0.24 6.11 1.55 10.00 0.86 - 5.17 0.55 0.55 0.03

Weaving - - - - - - 0.00 - - 0.20 - 0.20 - - 0.00 0 0.00 -

TOTAL 4,418.75 4,681.39 3,904.55 5,803.89 6,542.58 4,499.74 20,750.76 2,671.59 2,666.36 2,748.10 1,556.95 9,643.00 710.97 1,042.17 5,124.14 5,382.85 12,228.55 6,303.63

932.58

171.63 327.30 101.08

68.25

36.56 15.13 88.65

1.00

- 0.60 1.31

0.03 0.04 0.49

67.21 79.32

3.62 3.75 1.57

2.14

10.90

5.63 25.67

TABLE 2: Capital Importation by Sector/Nature of Business ($ million)

2017

Q3 Q4 Q1 Q2

0.05 0.00 -

18.65 23.72 1.10

646.28 228.24 143.81

16.06

10.37 30.00

555.52 161.30 126.00

0.44 4.89

2.43

- -

2.00 1.00

- -

244.80 554.25 145.78

87.56 146.05

-

1.21

6.38

57.31

-

6.28

23.71

89.80

4.83

1.71

4.20

0.17

174.18

1,792.34

-

12.53

-

-

0.09

36.55

190.39

141.42

145.56

1,822.12 1,548.88 908.26

-

18.95 38.52 18.72

- - -

1.55 2.76

2.36

2.52

0.30

26.34

49.91

2,745.79

42.89

177.94

4.00

-

-

4,145.10

586.97

-

33.63

-

11.45

-

1.25

0.78

16.07

442.90

Capital Importation by Nature of Business (US$) (Jan-2017 - Mar-2018)

S/N NATURE OF BUSINESS Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18

1 AGRICULTURE 1,000,000.00

600,000.00

28,399,980.00

2,709,427.58

20,995,651.26

645,064.00

8,798,000.00 33,447,839.29 21,049,900.00 25,868,344.66 15,539,100.00 42,627,581.67 34,768,420.00 53,500,000.00

2 BANKING 22,190,625.00

77,449,457.26

26,360,487.14

81,038,767.12

8,766,009.94

127,642,312.50 50,300,000.00 180,432,268.50 275,329,299.50 87,610,645.79 379,173,756.59 388,568,100.67 413,070,743.29

3 BREWERING 5,458,025.13

7,581,771.96

3,017,828.36

1,700,000.00

3,128,423.00

4,000,000.00 1,000,000.00 1,300,000.00 1,000,000.00

4 CONSTRUCTION 1,122,234.20

356,825.41

90,000.00

120,000.00

34,980.00

1,555,000.00

500,000.00

400,000.00 1,461,500.00 3,601,000.00 3,500,000.00 85,608,678.00 4,110,229.85 485,446.71 1,609,253.05

5 CONSULTANCY 7,555.19

4,886,910.45

3,771,873.34

431,839.16

1,010,323.48 1,504,939.41 1,988,013.46 45,000.00 25,000.00 45,000.00 950,000.00

6 DRILLING 1,007,760.00

200,000.00

299,975.00 300,000.00 4,000,000.00 5,059,970.007 ELECTRICAL 1,054,575.00

50,000.00

6,331,236.00

35,000.00

15,500.00

181,445.60

4,625,697.00 21,535,710.00 80,547.16 4,600,000.00 420,863.33 4,975.00 15,028,899.20 3,628,098.12

8 FINANCING 27,249,990.00

60,661,318.88

733,751.00

34,230,030.00

11,729,338.32

11,350,000.00

20,727,024.20

29,183,915.00 116,361,706.61 299,975.00 6,013,741.00 127,849,393.40 12,267,087.00 345,289,910.13

9 FISHING 999,992.00

970.00

99,428,635.32

10 I T SERVICES 487,000.00 6,279,931.33 1,249,636.00 8,449,782.17 799,935.00 297,937.00

11 MARKETING 1,314,990.00 40,000.00 15,000.00 38,000.00 10,000.00 770,000.00 280,000.00 200,972.00 4,166,965.00 100,000.00

12 OIL AND GAS 1,370,810.34 99,670,419.66 40,378.44 434,977.71 69,628,136.31 120,322,445.74 2,672,176.93 9,182,108.19 4,210,749.12 8,574,128.78 3,921,256.18 11,332,792.94 22,119,420.79 4,051,896.72 59,445,779.41

13 PRODUCTION/MANUFACTURING 18,277,989.23 28,995,624.93 32,049,576.42 44,215,775.50 65,838,300.55 31,361,124.45 24,149,186.30 133,673,562.57 285,074,397.00 125,513,291.01 120,228,107.54 72,077,657.45 21,862,300.62 89,944,102.00 32,287,429.0014 SERVICING 5,978,071.56 92,415,287.11 47,654,495.74 12,644,749.04 33,393,336.47 99,525,318.57 535,908,727.69 41,564,514.47 9,500,377.01 110,600,540.51 45,073,123.88 60,776,936.53 49,317,317.64 164,422,578.00 114,412,112.26

15 SHARES 50,283,588.70 46,345,355.50 47,184,569.77 271,584,076.63 358,046,402.56 302,949,729.74 456,170,242.21 920,312,014.44 1,369,305,193.39 1,439,207,998.34 1,277,764,738.90 963,366,609.43 1,889,162,101.68 917,811,417.62 985,753,136.93

16 HOTELS 173,775.06 34,964.00 - 30,000.00

17 TELECOMMUNICATION 52,025,093.19 53,196,825.64 40,558,363.76 95,820,342.27 39,676,942.63 38,680,290.00 13,618,698.12 19,610,418.47 402,277.47 22,451,024.77 54,414,478.38 114,143,971.31 51,194,735.18 802,304.29 35,253,420.17

18 TANNING 22,000.00 497,810.97

19 TRADING 1,713,493.00 6,008,720.00 10,992,949.30 5,117,900.00 4,370,166.33 3,037,185.77 8,360,551.19 2,158,567.24 928,196.36 48,200.00 7,953,808.00 4,953,214.14 12,065,480.22 1,590,676.00 13,670,225.00

20 TRANSPORT 233,000.00 2,200,000.00 546,965.00 29,000.00

21 WEAVINGTOTAL 187,902,912.35 476,543,736.54 243,822,250.38 563,274,973.18 616,474,912.77 612,594,856.43 1,064,192,752.24 1,298,931,433.36 1,781,971,154.05 2,031,188,619.14 1,920,796,704.36 1,430,851,767.06 2,608,499,192.64 1,636,077,835.21 2,059,050,107.36

Page 27: Nigerian Capital Importation Q1 2018nigerianstat.gov.ng/pdfuploads/Nigerian_Capital_Importation_Q1_2018.pdfTelecommunications, which ranked fourth in Q4, 2017, only had a total of

TABLE 3: Capital Importation by Country of Origin ($ million)

2013 2014 2014 2015 2015 2016 2016 2017 2017 2017 2017 2018

Q4 Q1 Q2 Q3 Q4 Full Q1 Q2 Q3 Q4 Full Q1 Q2 Q3 Full Q2 Q3 Q4 Full Q1

AFGHANISTAN - - - - - - - 4.86 0.71 0.56 6.13 0.24 5.00 - 6.19 1.55 163.43 - 164.97 -

ARMENIA - - 20.23 - - 20.23 - - - - - - - - - 5.84 2.40 - 8.24

ANGUILLA - - - 0.20

AUSTRALIA - 1.12 - - 2.60 3.72 - - 0.02 2.54 2.56 2.41 - - 2.41 - - - -

AUSTRIA 0.27 - - - - - - - - - - - 0.08 - 0.08 - 1.01 - 1.01 -

BAHAMAS - 0.88 - - 0.88

BAHRAIN - - - 0.58 - 0.58 - 1.10 0.42 - 1.52 - - - - - - - - -

BARBADOS - - - - -

BELGIUM 221.97 167.40 373.69 333.03 79.96 954.08 86.44 186.02 41.83 22.27 336.56 16.06 21.95 21.31 78.80 281.62 191.79 547.35 1,025.35 319.50

BENIN - - - - - - - - 0.03 - 0.03 - - - - 2.70 - - 2.70

BERMUDA - 0.22 0.11 7.07 - 7.40 - 0.85 0.53 2.47 3.85 1.09 - - 1.29 - 0.50 - 0.50 0.09

BOTSWANA - - - - - - - 1.55 0.50 - 2.05 - - - - - 0.68 0.54 1.22 0.50

BRAZIL - - 0.75 - - 0.75 - - - - - - - - - - 0.01 - 0.01 -

BRITISH VIRGIN ISLANDS 7.40 3.78 2.36 18.12 20.83 45.09 5.68 0.95 2.98 3.23 12.84 15.38 2.24 5.19 29.20 4.13 13.72 74.33 120.36 81.33

BRUNEI DARUSSALAM - - - - - - - - 0.03 0.01 0.04 - - - - - - - - -

BULGARIA - - - - - - - - - - - - - 0.30 0.30 - - - - -

CANADA 0.03 - - - - - - - 0.03 - 0.03 - - 0.14 0.14 - - 0.06 0.06 0.60

CAMEROON - - - - - - - 0.02 0.01 - 0.03 - 0.09 - 0.09 - - - -

CAYMAN ISLANDS - 0.05 6.74 - 4.99 11.78 13.82 16.24 5.71 0.47 36.24 0.75 - 6.14 9.97 1.07 45.62 188.17 235.07 214.87

CHINA 0.01 109.72 4.61 0.79 1.77 116.89 1.88 0.70 3.75 3.98 10.31 0.96 0.66 5.32 16.78 10.80 4.55 12.07 50.65 44.48

CONGO 0.37 0.37 10.02

COTE D'IVORIE - - - - -

CYPRUS 9.38 0.33 1.03 1.64 2.72 5.72 3.10 18.10 1.97 8.30 31.47 0.94 - - 1.39 0.74 4.98 3.98 17.77 6.58

CZECH REPUBLIC - - - - - - - - - - - - 1.00 - 1.00 - - - - -

DENMARK 0.18 - - - 0.04 0.04 - - - 0.03 0.03 - 1.46 0.11 1.57 1.31 1.10 1.41 8.09 -

DJIBOUTI 6 6.00 -

EGYPT 3.03 0.54 1.42 51.00 282.13 335.09 - 73.22 58.27 - 131.49 3.75 3.76 1.58 9.09 - - - - -

FINLAND - - - - - - - - - 0.03 0.03 - - - - 2.00 0.09 0.11 4.20 5.00

FRANCE 35.01 33.57 89.75 74.40 45.12 242.84 12.95 105.47 36.98 7.02 162.42 7.14 40.29 10.97 76.59 15.17 43.69 84.11 152.72 40.50

GAMBIA - - - - - - - - - - - - - - - - - - 0.10 -

GABON - - - - -

GERMANY 113.97 95.27 5.89 12.75 74.98 188.89 21.00 5.65 7.44 6.87 40.96 12.82 1.65 0.11 15.38 6.94 5.64 7.14 19.81 9.77

GIBRALTAR - - - - - - - - - - - - - - 3.00 - - 6 8.00 -

GUINEA - - - - - - - - - 0.52 0.52 - - - - - - - - 10.00

GHANA 0.65 0.02 - 0.07 - 0.09 - - - 0.06 0.06 0.05 - 0.07 0.12 - 20.00 - 20.10 380.14

GREECE - 1.24 - - 5.00 6.24 0.07 1.66 - - 1.73 - - - 0.20 0.22 - - 0.42 45.72

HONG KONG 16.01 9.91 4.18 8.25 132.95 155.29 1.99 15.92 15.56 5.06 38.53 0.58 20.26 9.63 59.70 0.16 1.97 9.47 12.61 27.34

HUNGARY - - - 6.99 - 6.99 - - - - - - - - - - - - - -

INDIA 1.20 2.02 0.43 2.41 1.70 6.56 4.72 0.15 0.05 0.20 5.12 0.02 0.48 0.60 1.10 0.08 0.85 0.77 12.79 0.42

INDONESIA 0.02 - - - - - - - - - - - - - - - 0 - - -

IRELAND 0.02 0.11 0.99 0.03 0.02 1.15 0.03 - - 2.08 2.11 - - 0.11 0.11 0.13 0.22 - 0.93 -

ISLE OF MAN 11.00 98.88 14.38 10.64 19.96 143.86 5.13 18.60 5.82 - 29.55 - - - 1.53 - - - - 40.00

ISRAEL - - - - - - - - - 0.60 0.60 - - - - - 0.01 - 0.01 0.01

ITALY - 0.09 - 0.16 - 0.25 - 0.27 0.03 3.06 3.36 0.59 - 0.61 2.31 - - 0.89 2.32 0.15

JAPAN 0.02 - 0.01 - 0.64 0.65 - 0.95 1.53 - 2.48 - - 1.00 1.01 (0.00) - - 0.00 -

KENYA - 0.23 0.55 0.55 - 1.33 - - - 1.35 1.35 0.05 0.66 0.54 1.27 0.02 - 4.06 4.55 0.12

KIRIBATI - - - - - - 0.60 - - - 0.60 - - - - - - - - -

-

4.59

-

-

-

-

1.43

0.00

-

0.10

-

2.00

0.08

0.10

9.75

0.48

2.00

-

4.27

-

8.07

23.23

0.20

-

-

-

-

28.18

-

-

-

0.58

0.20

1.01

-

11.10

-

1.11

0.01

0.02

-

1.53

-

-

-

-

0.20

-

29.23

0.80

-

18.19

-

-

3.00

-

-

-

3.08

9.84

0.45

-

-

-

-

6.39

-

-

0.20

-

-

19.48

- -

0.95 -

- -

- -

2017

Q4 Q1

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KOREA, REPUBLIC OF - - - - 0.60 0.60 - - - - - - - - - - - - - -

LATVIA 0.50 0.93 2.22 - - 3.15 - - - - - - - - - - - - -

LEBANON 8.69 3.29 27.81 8.83 2.00 41.93 1.50 1.59 2.91 7.06 13.06 2.52 1.37 0.77 4.79 0.88 6.21 6.32 13.98 3.84

LIBERIA - - - 0.01 - 0.01 - - 0.01 - 0.01 - - - - - - - - 9.00

LIECHTENSTEIN - - - - -

LUXEMBOURG 10.44 19.84 17.23 22.75 16.48 76.30 15.57 6.47 21.44 3.15 46.63 19.35 8.48 4.67 139.05 15.38 27.35 61.95 116.81 73.70

MALAYSIA - 1.19 3.00 - - 4.19 - - - - - - - - - 0.05 - 0.03 0.08 0.00

MALTA - - - 1.12 - 1.12 0.22 - - - 0.22 - - 0.11 0.11 - - - - - -

MARSHALL ISLANDS - - - - - - - - - - - 0.31 - - 0.36 - - - 2.69 2.69 0.89

MAURITANIA 0.12 - - 2.36 0.88 3.24 - - - - - - - - 2.47 - - - 234.84 234.84 -

MAURITIUS 142.43 103.29 79.34 210.37 99.08 492.08 122.21 105.20 113.51 212.67 553.59 55.82 28.10 20.65 129.01 71.40 65.59 229.19 116.9 483.09 370.54

MONACO - - - - -

MOROCCO - - - - - - 11.55 - 1.65 - 13.20 1.26 0.01 1.06 3.42 7.21 - - - 7.21 -

NAMIBIA - - - - - - - - - - - - - - - 10.86 - - - 10.86 5.00

NETHERLANDS 25.25 107.79 21.92 307.22 116.65 553.58 151.77 297.47 267.41 435.32 1,151.97 57.20 68.73 94.44 516.89 10.26 16.29 24.46 183.44 234.44 103.57

NETH.ANTILLES - - - - 2.36 2.36 - - 0.08 13.82 13.90 3.69 13.39 0.93 37.42 0.50 6.34 - - 6.84 -

NEW ZEALAND - - - - - - - 0.01 - - 0.01 - - - - - 0.07 - - 0.07 -

NIGER - 5.99 - - - 5.99 - - - - - - - - - - - - 1 1.00 -

NORWAY - - - - 0.38 0.38 - - - - - - - - - - 4.65 1.29 - 5.94 0.12

PANAMA - 100.00 - 0.25 1.00 101.25 1.77 - - - 1.77 0.50 - - 0.50 - - 9.50 0.5 10.00 -

PITCAIRN - 200.00 - - - 200.00 - - - - - - - - - - - - - - -

POLAND - - - - - - - - - 0.01 0.01 - - - - - - - - - -

PORTUGAL - - - - - - 0.10 - - 0.03 0.13 - - - - - - 0.06 0.07 0.13 -

PUERTO RICO - - - - -

QATAR - - - 575.02 12.06 587.08 - - - - - - - - - - - - - - -

REP. OF SA 54.79 63.63 56.84 124.64 33.12 278.23 32.74 74.41 73.61 80.28 261.04 83.68 38.52 25.03 176.88 63.79 51.03 224.51 275.1 614.43 493.22

RUSSIA 0.01 0.01 -

RWANDA - - - - - - 0.02 - - - 0.02 - - - - - - 0.03 - 0.03 -

SAUDI ARABIA 7.13 - 1.37 375.00 435.53 811.90 6.13 14.50 35.00 0.32 55.95 21.72 0.24 - 21.96 0.07 1.11 0.06 - 1.25 -

SEYCHELLES - - 0.06 0.06 0.08 0.20 - - - - - - 0.10 - 0.10 - - - - - -

SINGAPORE 42.19 29.44 18.87 25.78 39.99 114.08 3.45 46.43 101.37 8.98 160.23 0.34 83.32 32.68 276.46 73.50 155.40 29.55 412.55 671.01 242.96

SLOVAKIA - - - - - - - - - - - - - - - 0.05 - - - 0.05 -

SPAIN - - 0.07 0.20 - 0.27 0.12 0.22 - - 0.34 0.40 0.07 - 0.47 0.01 0.40 - 0.37 0.78 -

SWEDEN 4.51 12.12 4.18 12.11 30.89 59.30 9.53 0.46 1.92 14.52 26.43 4.22 5.70 12.16 70.08 8.52 11.89 4.01 0.03 24.44 2.16

SWITZERLAND 21.91 60.47 60.57 23.59 10.78 155.41 43.37 53.88 0.56 19.79 117.60 11.29 237.84 19.75 272.01 3.09 78.77 40.13 293.92 415.91 35.58

THAILAND - 10.00 - 10.00 -

TOGO 10.00 - - - - - - - - - - - - - - - - - - - -

TURKEY 0.84 0.25 - - - 0.25 0.86 1.12 2.50 4.15 8.63 8.28 5.00 3.00 21.78 - 2.50 - 0.03 2.53 0.13

TUNISIA - - - - - - - - 1.14 - 1.14 - - - - - - - - - -

UGANDA - - - - - - - - - - - 0.10 0.10 - 0.20 - - - - - 20.00

UKRAINE - - - - - - - - - - 0.85 - - 0.85 - - - - -

UAE 7.45 5.73 5.03 308.06 2.29 321.11 5.83 9.51 0.97 44.83 61.14 0.55 0.06 18.56 51.15 30.82 62.11 22.34 223.38 338.65 185.06

UK 2,805.67 2,133.22 3,973.35 2,885.59 1,945.81 10,937.97 1,759.15 1,078.85 564.91 431.05 3,833.96 216.19 335.17 1,097.59 2,131.84 302.47 696.70 1,736.58 1,609.92 4,345.67 2,252.04

UNITED STATES 1,118.58 531.73 1,002.92 1,128.70 1,074.08 3,737.43 348.27 522.25 1,374.91 208.77 2,454.20 159.75 116.40 426.98 945.59 215.66 287.82 962.10 1,001.35 2,466.93 1,259.98

U. REP TANZANIA 0.06 - - 0.05 - 0.05 - - - - - 0.10 - - 0.10 - - 315.47 10.63 326.10 -

US VIRGIN ISLANDS - - -

VIETNAM - - 0.03 - - 0.03 - - - - - - - - - - - - - - -

VIRGIN ISLANDS 1 1.00 2.00

ZAMBIA 0.65 0.50 0.25 - 0.25 1.00 - 1.70 - 1.50 3.20 - - - - - - - - - 6.50

TOTAL 4,681.39 3,904.55 5,803.89 6,542.58 4,499.74 20,750.76 2,671.59 2,666.36 2,748.10 1,556.95 9,643.00 710.97 1,042.17 1,822.12 5,124.14 1,792.34 4,145.10 5,382.86 12,228.58 6,303.63908.28

-

-

0.57

-

12.13

-

242.46

-

-

-

29.65

-

-

-

160.12

-

-

-

-

-

-

-

296.52

19.41

-

1,548.88

5.50

-

-

31.98

482.89

-

-

-

48.00

3.13

-

-

-

-

2.47

24.44

1.09

-

-

0.05

0.13

-

106.55

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COUNTRY OF ORIGIN Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18

Afghanistan 986,267.83

562,882.46

153,416,381.21 10,009,291.96

Armenia 5,837,910.39

1,017,764.00 1,386,694.43

Anguilla 200,000.00

Australia

Austria 1,011,500.00

Bahamas 880,328.00

Bahrain

Barbados

Belgium 1,492,720.27

519,637.37

2,573,883.67

223,426,196.63

20,974,909.84

37,220,657.49

29,388,215.25 91,198,240.54 71,199,755.07 79,053,333.69 79,537,601.77 388,758,273.84 111,006,509.73 92,787,086.58

Benin 2,704,980.00

Bermuda 500,000.00 64,965.00

Botswana 679,975.00 536,975.00

Brazil 5,993.00

British Virgin Islands 3,700,000.00

8,095,679.29

16,388,800.00

1,017,701.40

3,115,500.00

931,000.00 1,648,000.00 11,141,108.48 21,795,904.16 36,430,556.91 16,102,762.35 23,031,353.08 32,330,941.00

Brunei Darussalam

Bulgaria

Canada 55,505.80 300,000.00 300,150.00

Cameroon

Cayman Islands 200,000.00

1,073,775.06

12,709.28 26,062.42 45,585,844.87 121,468,565.16 56,498,329.75 10,207,380.14 81,097,124.39 65,163,491.86

China 5,911,457.35

790,154.76

16,525,449.76

9,957,399.36

306,370.36

533,563.03

2,682,176.93 20,960.00 1,848,422.85 9,709,348.70 674,649.28 1,686,716.95 38,990,656.82

Congo 371,133.00 10,016,465.00

Cote d'Ivoire

Cyprus 8,065,000.00 89,799.79 648,477.54 76,934.68 2,903,420.12 2,000,000.00 2,846,583.47 1,130,764.13 1,301,808.07 4,712,134.10

Czech Republic

Denmark 210,120.21 3,299,223.31 756,351.93 109,769.68 1,200,350.55 947.51 - 1,100,000.00 1,233,606.97 19,965.00 160,272.95

Djibouti 3,000,000.00 3,000,000.00

Egypt

Finland 2,000,000.00 2,000,000.00 86,271.43 106,403.22 5,000,000.00

France 366,507.18 3,083,665.08 6,304,786.88 2,578,068.02 6,071,989.07 6,520,223.58 8,238,547.12 19,382,368.47 16,065,449.92 43,687,881.13 39,442,007.39 978,340.21 26,694,932.97 5,522,715.10

Gambia 97,871.56

Gabon

Germany 77,960.00 484,880.04 6,455,111.00 2,230.20 5,639,887.20 2,956.25 1,172,040.00 129,400.46 5,838,784.08 2,937,585.91 667,009.99

Gibraltar 2,000,000.00 6,000,000.00

Guinea 10,000,000.00

Ghana 99,990.00 20,000,000.00 137,965.00 130,000,000.00

Greece 200,000.00 219,600.00 45,715,287.56

Hong Kong 845,909.59 159,461.52 5,761.01 4,480.39 160,411.78 - 99,960.24 288,041.54 1,578,949.09 101,310.10 394,999.51 8,977,509.54 13,320,179.46 1,003,484.01

Hungary

India 93,233.00 11,007,998.00 35,000.00 40,000.00 - 849,500.31 355,554.65 261,549.00 149,965.00

INDONESIA 426,356.15 158,549.23 134,973.14 219,470.21

Ireland

Isle of Man 4,975.00

Israel 1,429,089.90 8,913.49 126,840.00 764,040.00

Italy 277.00 (42.67)

Japan 460,624.20 17,000.00 17,000.00 4,055,670.00 124,233.98

Kenya

Kiribati

Korea, Republic of

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Latvia 120,070.00

363,100.00

90,000.00

120,000.00

758,828.91 - 6,157,925.00 50,000.00 3,559,338.74 1,789,129.00 967,131.00 1,993,572.08 654,983.28

Lebanon 9,000,000.00

Liberia

Liechtenstein 1,002,732.00

10,714,180.12

410,809.85

3,128,075.77

7,302,310.13

4,949,813.44 436,277.24 13,970,731.14 12,947,692.74 16,514,697.36 25,377,590.70 20,053,683.18 24,363,243.84 16,871,380.96

Luxembourg 17,900.00

35,350.00

26,795.65 100.00

Malaysia

Malta 591,250.00 1,174,565.00 919,745.00 874,650.00

Marshall Islands 234,842,856.85

Mauritania 1,877,276.07

63,248,043.98

6,279,633.23

2,074,500.00

18,620,799.09

44,899,685.67 30,220,682.53 55,116,723.57 143,856,522.54 108,420,904.70 8,481,898.41 189,053,403.39 106,301,284.71

Mauritius

Monaco 5,000,000.00

2,213,448.50

Morocco 5,000,000.00

NAMIBIA 1,723,710.08

10,857,260.13

5,915,066.79

7,084,891.45

4,815,361.91

4,386,040.80 66,000.00 2,770,722.00 21,620,953.83 55,974,805.00 14,348,656.49 113,115,094.35 37,349,849.59 33,470,945.69

Netherlands 495,985.00

2,616,693.29

6,342,033.05

Netherlands Antilles 69,047.62

New Zealand 1,000,000.00

Niger 970.00

4,649,854.64

227,284.12 972,822.53 87,957.25 100,000.00

Norway 500,000.00 8,999,925.00 500,000.00

Panama

Pitcairn

Poland 59,452.40 66,000.00

Portugal

Puerto Rico

Qatar 675,339.21 58,089,588.93 5,020,698.64 6,859,214.89 5,259,238.18 38,910,951.12 9,581,890.07 102,272,276.81 112,651,605.80 156,460,287.96 83,187,485.60 35,456,972.46 285,905,097.71 136,957,040.79

Republic of South Africa 13,475.00

Russian Federation 26,000.00

Rwanda 71,644.80 1,114,206.13 63,800.00

Saudi Arabia

Seychelles 15,276,390.00 7,689,779.85 50,538,535.00 42,668,520.00 97,902,623.26 14,831,379.21 18,660,075.00 7,312,500.00 3,580,889.00 104,846,966.19 231,356,542.69 76,349,513.17 42,550,554.56 109,384,359.54

Singapore 52,490.00

Slovakia 635.94 8,170.50 200,000.00 200,000.00 353,340.00 20,863.33

Spain 5,210,738.42 3,314,171.59 181,037.06 11,704,424.50 4,009,362.80 30,000.00 1,480,160.62 2,500.00

Sweden 1,067,019.62 2,017,514.37 983.00 3,056,118.27 53,004,435.65 22,704,456.68 10,039,907.85 11,124,479.87 18,968,623.62 99,402,949.02 94,916,200.99 99,604,137.53 27,920,306.97

Switzerland 10,000,000.00

Thailand

Togo 2,500,000.00 30,303.03 134,370.00

Turkey

Tunisia

Uganda

UKraine 11,532,993.00 13,621,010.00 5,666,273.00 49,978,141.83 5,129,910.00 6,999,986.00 22,340,520.00 25,755,860.00 140,623,159.86 57,000,580.14 138,152,497.82 20,000,000.00

United Arab Emirates 62,199,228.03 200,663,687.41 39,603,538.73 107,059,388.17 250,957,222.10 338,680,116.29 732,565,466.83 19,344,895.15 984,669,703.72 562,000,470.89 689,972,014.83 357,950,922.45 926,584,590.97 487,620,241.80

United Kingdom 69,732,287.13 71,527,464.51 74,396,220.33 94,029,329.17 108,207,902.69 85,579,937.23 60,481,144.56 601,697,853.47 299,923,346.62 488,505,765.88 294,130,706.60 218,709,343.20 634,193,454.66 299,732,384.26

United States 315,468,561.23 10,634,565.00

United Republic of Tanzania

United States Virgin Islands

Vietnam 1,000,000.00

Virgin Islands 6,500,000.00

Zambia

TOTAL 187,902,912.35 476,543,736.54 243,822,250.38 563,274,973.18 616,474,912.77 612,594,856.43 1,064,192,752.24 1,298,931,433.36 1,781,971,154.05 2,031,208,619.14 1,920,796,704.36 1,430,851,767.06 2,608,504,192.64 1,636,077,835.21

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Capital Importation by Destination (US$) ( Q1, 2017 to Q1 2018)Share of Q1 Share of Q2 Share of Q3 Share of Q4 FULL YEAR Share of 2018 Share of Q1

S/N0

DESTINATION

OF

INVESTMENT

January February March Total Q1 2017 2017 Total % April May June Total Q2 2017 2017 Total % July August September Total Q3 2017 2017 Total % October November December Total Q4 2017 2017 Total % 2017 2017 Total % January February March Total Q1 2018 2018 Total %

1 ABIA -

0.00 - 0.00 - 0.00 - 0.00 - 0.00 0.00

2 ABUJA (F C T) 3,953,533.06

10,824,194.78

90,000.00

14,867,727.84

1.64 8,919,213.71 5,852,095.96 1,873,378.82 16,644,688.49 0.93 2,672,176.93 12,121,805.19 802,825,165.00 817,619,147.12 19.72 1,007,626,617.46 817,210,335.20 855,460,975.82 2,680,297,928.48 59.79 3,529,429,491.93 28.86 1,623,915,377.24 782,211,277.38 1,138,360,945.97 3,544,487,600.59 56.23

3 ADAMAWA -

0.00 - 0.00 - 0.00 - 0.00 - 0.00 2,000,000.00 2,000,000.00 0.03

4 AKWA IBOM 12,250,000.00

6,111,200.00

18,361,200.00

2.02 34,030,030.00 50,514.00 34,080,544.00 1.90 2,587,137.00 6,315,000.00 15,080,735.00 23,982,872.00 0.58 105,714,258.00 19,134,704.00 124,848,962.00 0.00 201,273,578.00 1.65 30,505,400.00 8,117,087.00 5,000,000.00 43,622,487.00 0.69

5 ANAMBRA - 0.00 - 0.00 - 0.00 3,771,000.00 3,771,000.00 0.00 3,771,000.00 0.03 4,975.00 5,000,000.00 5,004,975.00 0.08

6 BAUCHI - 0.00 - 0.00 - 0.00 425,000.00 425,000.00 0.00 425,000.00 0.00 2,000,000.00 2,000,000.00 0.03

7 BAYELSA - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

8 BENUE - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 2,000,000.00 2,000,000.00 0.03

9 BORNO - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 2,000,000.00 2,000,000.00 0.03

10 CROSS RIVER - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 230,000.00 230,000.00 0.00

11 DELTA - 0.00 - 0.00 - 0.00 2,999,940.00 2,699,970.00 5,699,910.00 0.00 5,699,910.00 0.05 199,970.00 199,970.00 399,940.00 0.01

12 EBONYI - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

13 EDO - 0.00 - 0.00 3,744,506.39 3,744,506.39 0.09 - 0.00 3,744,506.39 0.03 - 0.00

14 EKITI - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

15 ENUGU - 0.00 - 0.00 63,800.00 63,800.00 0.00 644,890.00 644,890.00 0.05 708,690.00 0.01 1,632.08 1,632.08 0.00

16 GOMBE - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

17 IMO - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

18 JIGAWA - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

19 KADUNA - 0.00 - 0.00 - 0.00 89,975.00 89,975.00 0.00 89,975.00 0.00 - 0.00

20 KANO - 0.00 - 0.00 - 0.00 299,000.00 184,970.00 483,970.00 0.00 483,970.00 0.00 1,233,340.00 1,233,340.00 0.02

21 KATSINA - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

22 KEBBI - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

23 KOGI - 0.00 - 0.00 148,000.00 148,000.00 0.00 500,000.00 500,000.00 0.00 648,000.00 0.01 - 0.00

24 KWARA - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

25 LAGOS 168,311,188.08 453,675,460.89 243,732,250.38 865,718,899.35 95.32 520,325,729.47 609,454,954.91 610,011,701.19 1,739,792,385.57 97.07 1,058,869,638.31 1,279,948,628.17 958,220,782.66 3,297,039,049.14 79.54 904,189,246.71 1,078,226,780.16 567,463,917.96 2,549,879,944.83 39.66 8,452,430,278.89 69.12 948,195,528.32 836,432,375.84 882,216,405.28 2,666,844,309.44 42.31

26 NASARAWA - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

27 NIGER - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

28 OGUN 2,734,196.00 2,617,514.37 5,351,710.37 0.59 - 0.00 398,000.00 999,965.00 1,397,965.00 0.03 4,449,950.00 3,249,970.00 1,097,191.00 8,797,111.00 0.08 15,546,786.37 0.13 2,597,970.00 9,150,000.00 13,065,000.00 24,812,970.00 0.39

29 ONDO - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

30 OSUN - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

31 OYO 103,995.21 3,315,366.50 3,419,361.71 0.38 1,117,347.90 709,776.42 1,827,124.32 0.10 1,100,000.00 1,100,000.00 0.03 1,233,606.97 5,799,975.00 7,033,581.97 0.41 13,380,068.00 0.11 1,850,000.00 167,094.99 6,616,675.00 8,633,769.99 0.14

32 PLATEAU - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

33 RIVERS 550,000.00 550,000.00 0.06 - 0.00 - 0.00 384,817.28 384,817.28 0.03 934,817.28 0.01 361,111.11 361,111.11 0.01

34 SOKOTO - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

35 TARABA - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

36 YOBE - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

37 ZAMFARA - 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.00

TOTAL 187,902,912.35 476,543,736.54 243,822,250.38 908,268,899.27 100.00 563,274,973.18 616,474,912.77 612,594,856.43 1,792,344,742.38 100.00 1,064,192,752.24 1,298,931,433.36 1,781,971,154.05 4,145,095,339.65 100.00 2,031,208,619.14 1,920,796,704.36 1,430,851,767.06 5,382,857,090.56 100.00 12,228,566,071.86 100.00 2,608,504,192.64 1,636,077,835.21 2,059,050,107.36 6,303,632,135.21 100.00

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Capital Importation by Destination (US$) ( Q1, 2018)

2018 Share of Q1

S/N0 DESTINATION OF INVESTMENT January February March Total Q1 2018 2018 Total %

1 ABIA 0

2 ABUJA (F C T) 1,623,915,377.24 782,211,277.38 1,138,360,945.97 3,544,487,600.59 56.23

3 ADAMAWA 2,000,000.00 2,000,000.00 0.03

4 AKWA IBOM 30,505,400.00 8,117,087.00 5,000,000.00 43,622,487.00 0.69

5 ANAMBRA 4,975.00 5,000,000.00 5,004,975.00 0.08

6 BAUCHI 2,000,000.00 2,000,000.00 0.03

7 BAYELSA - 0

8 BENUE 2,000,000.00 2,000,000.00 0.03

9 BORNO 2,000,000.00 2,000,000.00 0.03

10 CROSS RIVER 230,000.00 230,000.00 0

11 DELTA 199,970.00 199,970.00 399,940.00 0.01

12 EBONYI - 0

13 EDO - 0

14 EKITI - 0

15 ENUGU 1,632.08 1,632.08 0

16 GOMBE - 0

17 IMO - 0

18 JIGAWA - 0

19 KADUNA - 0

20 KANO 1,233,340.00 1,233,340.00 0.02

21 KATSINA - 0

22 KEBBI - 0

23 KOGI - 0

24 KWARA - 0

25 LAGOS 948,195,528.32 836,432,375.84 882,216,405.28 2,666,844,309.44 42.31

26 NASARAWA - 0

27 NIGER - 0

28 OGUN 2,597,970.00 9,150,000.00 13,065,000.00 24,812,970.00 0.39

29 ONDO - 0

30 OSUN - 0

31 OYO 1,850,000.00 167,094.99 6,616,675.00 8,633,769.99 0.14

32 PLATEAU - 0

33 RIVERS 361,111.11 361,111.11 0.01

34 SOKOTO - 0

35 TARABA - 0

36 YOBE - 0

37 ZAMFARA - 0

TOTAL 2,608,504,192.64 1,636,077,835.21 2,059,050,107.36 6,303,632,135.21 100

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Methodology

Data is supplied administratively by the Central Bank of Nigeria (CBN) and verified and validated by the

National Bureau of Statistics, Nigeria (NBS).

31Nigerian Capital Importation- Q1 2018

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Acknowledgements/Contacts

We acknowledge the contributions of our strategic partner the Central Bank of Nigeria and our technical partner, Proshare in

the design, concept and production of this publication.

Acknowledgements

Contact Us

Head Office Address

Plot 762,IndependenceAvenue,Central

Business District,FCT, Abuja Nigeria.

[email protected]+234 803 386 5388

@nigerianstat www.nigerianstat.gov.ng NBSNigeria

32Nigerian Capital Importation- Q1 2018