September 4, 2020/Cowry Asset Report

Recently released data from the National Bureau of Statistics (NBS) showed that Nigeria’s capital importation moderated by 77.88%, quarter-on-quarter, to USD1.29 billion in Q2 2020 (and fell on a yearly basis by 78.60%).

A breakdown of the Q2 2020 capital imports showed that Foreign Portfolio Investments (FPI), which accounted for 29.76% of the total inflow, declined q-o-q by 91.06% to USD0.39 billion (and fell 91.14% y-o-y).

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