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Nairaland Forum / Nairaland / General / Politics / NBS: Nigeria Records $1.82bn Capital Inflow In Q3 (1191 Views)
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NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by agwom(m): 7:28am On Nov 08, 2016 |
Nigeria imported a total of $1.82 billion capital into the economy at the third quarter of 2016, more than double the value imported at the second quarter of the year. Data released yesterday by the National Bureau of Statistics (NBS) showed that the latest capital import value was $780 million higher than the $1.04 billion imported at the second quarter of this year, translating to a 74.84 percent rise. Analysis of the data showed that the highest level of capital imported was in August, when $894 million was imported, the highest level since July last year. The NBS attributed the rise in the capital import at the third quarter to “a number of investment types.” However, total capital imported declined by 33.70 percent in Q3 2016 from $2.67 billion same period last year. “Much of the quarterly increase in the value of capital importation came from debt financing,” the NBS stated. “Of the total quarterly increase, 85 percent was accounted for by increases in portfolio investment in bonds and money market instruments; the latter of which comprises short-term funding securities such as treasury bills and commercial bills from CBN,” it said. Capital is either imported in the form of shares, or directly imported by different sectors of the economy. During the period, the value of share capital imported was $646.28 million, which represents an increase of 85.72% relative to the previous quarter. The banking sector regained its position as the sector to import the largest value of capital, importing $555.52 million worth, or 30.49 percent of the total. The report said quarterly growth in foreign direct investment (FDI) equity was also strong, although portfolio equity continued to decline. Each type of investment, being FDI, portfolio and other investments, recorded quarterly increases, of 84.84 percent; 5,172.84 percent t and 7.80 percent respectively. The country from which Nigeria imported by far the most capital was the United Kingdom, which accounted for $1.10 billion, or 60.24 percent of the total. Read more at http://www.dailytrust.com.ng/news/business/nbs-nigeria-records-1-82bn-capital-inflow-in-q3/170545.html#7QkhfldgoxoSOojf.99
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Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by omenka(m): 8:16am On Nov 08, 2016 |
Waiting to see how the repugnant enemies of Nigeria arrive here to express their anger and dismay over this news even though it is just a drop in the ocean. 4 Likes |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by SamuelAnyawu(m): 8:22am On Nov 08, 2016 |
Nice One.... Fainally we getting to 10% of the Capital imports Jonathan Achieved.... Sai Baba Wailers will not be happy with this News but God Pass them I Stand With Senator Samuel Anyanwu 2019 1 Like |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by 989900D: 8:26am On Nov 08, 2016 |
Good . . . and what positive impact did that have on the value of the Naira? I mean it should . . . 1 Like |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by 4Play(m): 8:29am On Nov 08, 2016 |
omenka: $1.8bn pales in significance to the $2.7bn achieved in Q3 2015 and the $6.5bn achieved in Q3 2014. Capital inflows have fallen significantly since the Buhari regime came into power. Capital imported into the country in the third quarter of 2014 was recorded at a value of $6.54bn, (N1.08trn) rising by about $738.7m or 12.73 per cent over the $5.8bn imported capital in the preceding quarter of this year.http://nationalmirroronline.net/new/nigeria-records-6-54bn-capital-inflow-in-q3/ 3 Likes |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by Eazybay(m): 10:57am On Nov 08, 2016 |
Omenka no kill urself, no b by jump jump.. From the above, are we out of recession? 1 Like |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by DropShot: 10:59am On Nov 08, 2016 |
4Play:Shame on you boy! I know this kind of news aches your belly and others like you. On the contrary to your disgusting submission, this is far more significant than those quarters you referenced given the fact that we're battling recession. If this was capital flight out of Nigeria, you children of anger would celebrate and now that it's capital inflow, you can't hide your pain and frustration. It must really suck to be you guys. 4 Likes |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by Nobody: 11:07am On Nov 08, 2016 |
Useless data, nonsense economic situation .... |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by DropShot: 11:10am On Nov 08, 2016 |
Keneking:See a doctor please. 2 Likes |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by DropShot: 11:13am On Nov 08, 2016 |
SamuelAnyawu: |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by DropShot: 11:15am On Nov 08, 2016 |
Lalasticlala, I hope you like this news too. |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by Rikidony(m): 11:21am On Nov 08, 2016 |
sai baba |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by basilo102: 1:02pm On Nov 08, 2016 |
omenka:You lose one million, later gained 10k and start celebrating?? However, total capital imported declined by 33.70 percent in Q3 2016 from $2.67 billion same period last year. did you miss this part?? Nigerian itself is an enemy of humanity 2 Likes |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by basilo102: 1:08pm On Nov 08, 2016 |
DropShot:you are the shameless one bros, Zombies have suffered severe heart aches are now scrambling for consolation and and little nonsense they run unclad. Look this part of the story and shvt up. a 33.7% decline from equivalent quarter last year should make any zombie bury his head in shame However, total capital imported declined by 33.70 percent in Q3 2016 from $2.67 billion same period last year. 1 Like |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by basilo102: 1:10pm On Nov 08, 2016 |
DropShot:Why do these dumb zombies consider this a good news?? Just like the naira sank to 350 from 305, when in gain little change and becomes 345, zombies will start celebrating. dumb president, dumb zombies 1 Like |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by DropShot: 1:12pm On Nov 08, 2016 |
basilo102: 1 Like
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Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by Sibrah: 1:18pm On Nov 08, 2016 |
Derailers of public opinion already at work . . . |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by Geniro: 3:11pm On Nov 08, 2016 |
basilo102: basilo102: Dropshot is a shameless paid sycophant. He doesn't even reside in Nigeria so he doesn't feel the pinch of his nefarious sycophantic job. 1 Like |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by kings09(m): 3:12pm On Nov 08, 2016 |
Zombies oya e gbera. This thread is for u to hv sumtin to celebrate abt 1 Like |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by DropShot: 3:22pm On Nov 08, 2016 |
Geniro: 2 Likes
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Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by Geniro: 3:23pm On Nov 08, 2016 |
DropShot: Old man without common sense. 1 Like |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by DropShot: 3:24pm On Nov 08, 2016 |
Geniro: 2 Likes
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Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by 4Play(m): 8:10pm On Nov 08, 2016 |
DropShot: This post plumbs new depths of crassitude. So we should celebrate these figures because they occurred during a recession that was self-inflicted? The low capital inflows reflect the government's bone headed decision to maintain a fixed exchange regime: an economically illiterate decision you were a passionate advocate for. Are we supposed to celebrate figures which are an embarrassment for a nation of 180m merely because they are less catastrophic? You also need to distinguish between gross capital inflows, which these figures represent, and net flows (the difference between gross inflows and gross outflows). To call you a paid propagandist is a compliment as one cannot fathom the sheer magnitude of imbecility required to subscribe to some of the views you espouse on this forum. 4 Likes |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by Geniro: 10:55pm On Nov 08, 2016 |
4Play: |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by basilo102: 12:49am On Nov 09, 2016 |
4Play:this comment is the final burial for zombies on this thread |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by ChimaAdeoye: 3:06am On Nov 09, 2016 |
agwom: [size=14pt]Most of the money came in from Nigerians in Diaspora. Yet, the Daura dulllard call Nigerians useless, while he cannot even manage the biggest economy in African handed over to him. Illiteracy is a disease.[/size] |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by Caseless: 3:51am On Nov 09, 2016 |
Good news!
*dances with my boxer* |
Re: NBS: Nigeria Records $1.82bn Capital Inflow In Q3 by DropShot: 4:16am On Nov 09, 2016 |
4Play:I know it requires higher level of imbecility not to understand importance of any kind of growth during a recession. That imbecilic ability surpasses the one exhibited by the Ineffectual Buffoon himself. Keep gnashing your teeth in frustration because I don't have space for sore loser like you. |
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