The total amount of foreign capital attracted by the Nigerian economy in 2017 stood at $12.2 billion, the National Bureau of Statistics (NBS) has said.
A report released by the agency on Thursday reveals that the new figure is a massive jump over the $5.38 billion recorded in the whole of 2016.
The NBS also put capital inflow in the fourth quarter at $5.32 billion, the strongest in the year under review.
The report revealed that investments in portfolio assets were the highest last year by 59 per cent, while other investments jumped by 32 per cent and investments into the real economy were mere 8 per cent.
In terms of origination, Nigeria saw the bulk of its foreign inflow from the United States, the United Kingdom and Belgium.
More to follow…
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