The National Bureau of Statistics (NBS) has said that the total value of capital importation into Nigeria stood at $1,294.94 million in the second quarter of 2020.

This is according to its Nigerian Capital Importation (Q2 2020) report published on its website on Friday.

The total value represents a decrease of -77.88 percent compared to the first quarter of 2020 and -78.60 percent in the second quarter of  2019.

The largest amount of capital importation by type was received through Other Investment, which accounted for 58.77 percent ($761.03 million) of total capital imported.

This was followed by Portfolio Investment, which accounted for 29.76 percent ($385.32 million).

Also, Foreign Direct Investment (FDI) accounted for 11.47 percent ($148.59 million) of total capital imported in the second quarter of 2020.

By sector, capital importation by shares dominated in the second quarter of 2020 reaching $464.57 million of the total capital importation.

The United Kingdom emerged as the top source of capital investment in Nigeria with $428.83 million.

The investment accounted for 33.12 percent of the total capital inflow in the second quarter of 2020.

By Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria with $1,130.49 million.

This accounted for 87.30 percent of the total capital inflow in the second quarter of 2020.

By bank, Standard Chartered Bank Nigeria Limited emerged at the top of capital investment in Nigeria with $425.21 million.

This also accounted for 32.84 percent of the total capital inflow in the second quarter of 2020.