The National Bureau of Statistics (NBS) has released its latest report on capital importation for Q1 ’22. The data was obtained from the CBN and compiled using information on banking transactions from all registered financial institutions in Nigeria. The total value of capital imported in Q1 ‘22 was estimated at USD1.6bn, representing a decline of 28% q/q and 17.5% y/y. The capital importation data is gross, and not adjusted for capital exports.
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