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LequteMan
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The total value Foreign Direct Investments into Nigeria, in the first quarter of 2016 increased by 24.54% according to a recent report by the National Bureau of Statistics.
Foreign Direct Investment recorded a quarterly increase from $123.16 to $174.46 million during the period, the agency said.
However the total amount of capital imported into the country was 710.97 million, a 73.79% decline year-on-year.
Africa's top oil exporter is going through its worst economic crisis in years, caused by low crude prices which have led to currency controls being imposed by the central bank.
Foreign Direct Investment recorded a quarterly increase from $123.16 to $174.46 million during the period, the agency said.
However the total amount of capital imported into the country was 710.97 million, a 73.79% decline year-on-year.
Africa's top oil exporter is going through its worst economic crisis in years, caused by low crude prices which have led to currency controls being imposed by the central bank.
