Nigeria's Capital Imports Drop 32.9% in Q2 2023 Despite Growth in Production, Banking
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Business Insider Africa presents top 10 sectors with largest capital importation in Nigeria.
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Data from Nigeria's National Bureau of Statistics for Q2 2023.
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Total capital imports were $1.03 billion, down 32.9% from Q2 2022.
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Other investments accounted for 81.3% of capital imports.
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Production sector saw largest inflow at $605 million.
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Banking sector second largest at $194 million.
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Shares third largest at $69 million.
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US accounted for 26.3% of capital imports.
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Lagos top destination at 75.5% of total.
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First Bank of Nigeria received most capital at $323 million.