Business
Nigeria’s Capital Importation Drops By N1.68trn …As Hope Lies On CBN For Remedy

Indications are rife that foreign investors may have boycotted Nigerian market following a drop in capital importation by $4.08 billionn (N1.68 trillion) in one year.
Statistical data from the Nigerian Bureau of Statistics (NBS) have shown that between January and September 2020, total capital importation amounted to $8.55 billion.
The latest capital importation report by the NBS, during the same period in 2021 foreign capital inflows into the country, fell by $4.08 billion (N1.68 trillion)
A breakdown of the 2020 figures shows that in the first quarter of 2020, capital importation into Nigeria stood at $5.85 billion, representing an increase of 53.97 per cent compared to Q4 2019.
During this period, Foreign Portfolio Investment contributed the largest amount to capital inflows, accounting for $4.31 billion or 73.61 per cent of the total capital importation, followed by ‘other investments’, which accounted for $1.33 billion or 22.73 per cent; then the Foreign Direct Investment which accounted for 3.66 per cent or $214.25 million.
In terms of sectors, the banking industry led the chart by contributing $2.99 billion to the total capital importation in Q1 2020.
In the second quarter of 2020, the aggregate capital inflow fell by $1.29 billion when compared to the preceding quarter
According to the bureau, ‘other investments’ accounted for 43.75 per cent ($639.44 million) of the total capital importation, while the FDI and the FPI contributed $414.79 million and $407.25 million, respectively.
Further analysis showed that in Q1 2021, the total value of capital importation was $1.90bn, which represented a decline of $3.95bn when compared to the same quarter in 2020.
Capital importation, however, declined to $875.62 million in Q2 2021, representing a decrease of $415 million compared to the $1.29 bllion recorded in Q2 2020.
”The largest amount of capital importation by type was received through portfolio investment, which accounted for 62.97 per cent ($551.37 million) of total capital importation, followed by other investments, which accounted for 28.13 per cent ($246.27 million) of total capital imported and the FDI, which accounted for 8.90 per cent ($77.97 million) of total capital imported in Q2 2021.”
In Q3 2021, capital inflows rose by over 97 per cent to $1.73 billion in Q3 2021 (quarter-on-quarter), and by 18.47 per cent (year-on-year).
Portfolio investment, which accounted for $1,217 billion was the major driver of capital inflow in Q3, followed by other investments which accounted for $406.35m while the FDI amounted to $107.81 million.
However, there is hope that the efforts of the Central Bank of Nigeria to meet FX demands and clear arrears would incentivize portfolio investors to return to the Nigerian market.
By: Corlins Walter
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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