Data made available by the National Bureau of Statistics (NBS) show that the total value of capital imported into the country in the second quarter (Q2) of the year stood at$5.5 billion.
This is 12.53 per cent lesser than the capital importation recorded in Q1 and an increase of 207.62 per cent when compared to Q2 2017.
The bureau made this known in the Nigeria Capital Importation (Q2 2018) report released by the Bureau.
According to the report, flighty portfolio investors accounted for 74.7 per cent of the total capital imported.
The report said the decline recorded in the second quarter is due to a decline in portfolio investment and other investments, which declined by 9.76 per cent and 24.07 per cent respectively.
It said the largest amount of capital importation by type was received through portfolio investment.
“This accounted for 74.7 per cent ($4.119 billion) of total capital importation, followed by other investment, which accounted for 20.5 per cent ($1.132 billion) of total capital.
“This is followed by foreign direct investment (FDI), which accounted for 4.7 per cent ($261.4 million) of total capital imported in the second quarter.