The total value of capital imported into Nigeria in the first quarter of 2017 dropped by $641m from $1.55bn imported in the last quarter of 2016 to $908.27m.
The Capital Importation report released yesterday in Abuja by the National Bureau of Statistics (NBS) showed that the capital value imported into Nigeria at the first quarter was 41.36 per cent smaller than the value of capital imported in the previous quarter, and was the second lowest value recorded since 2007.
Comparatively, the $908.27m imported into Nigeria was an increase of 27.75 per cent relative to the same quarter of 2016.
The NBS stated that there was a high-profile sale of bonds denoted in a non-local currency during the quarter, but this has not yet appeared in the data.
