A latest report by the National Bureau of Statistics (NBS) revealed that there has been a significant increase in capital importation into Nigeria by banks from $908,268,899.27 recorded in Q1 2017 to $1,792,344,742.38 reported in Q2 2107.

Capital importation is simply the inflow of foreign capital into Nigeria either in the form of cash (loan or equity) or goods.

Capital is imported through financial institutions into Nigeria. According to the NBS, these three banks had the largest capital importation in the second quarter of 2017:

Stanbic IBTC
Stanbic IBTC accounted for 32.91% or $589.84 million of the total share in Q2 of 2017 when compared with its 9.12% or $82, 798, 093.24 share recorded in the first quarter of the year.


READ MORE:https://nairametrics.com/top-3-banks-with-the-largest-capital-importation-in-q2-of-2017/


Cc: @Lalasticlala