@NatureNews

Foreign capital flow into Nigeria slumps by more than half in 2020 to $9.68bn, its lowest level in four years, the National Bureau of Statistics said on Friday.

The NBS, in its capital importation report for the fourth quarter and full-year 2020, said the total value of capital importation into the country fell by 59.65 per cent or $14.3bn last year from $23.99bn in 2019.

Foreign capital flow into the country stood at $16.81bn in 2018, $12.23bn in 2017 and $5.12bn in 2016, the NBS data showed.
Read more: https://naturenews.africa/nigerias-foreign-capital-inflow-drops-to-9-68bn-lowest-in-four-years/