CBN reveals $14.2bn capital flows to Nigeria in five Months
June 18, 2019
2:48 am
Total capital flows to Nigeria between January and May 2019, stood at $14.2 billion, the Central Bank of Nigeria (CBN) revealed last night.
Of the aforementioned amount, Foreign Direct Investment (FDI) accounted for $2.87 billion, representing 20.18 per cent of the total amount.
The CBN revealed this in a statement that was signed by its Director, Corporate Communications, Mr. Isaac Okorafor, while reacting to a Reuters report which stated that FDIs in the country dropped last year.
The apex bank said its attention was drawn to the news item on Reuters quoting the World Investment Report, 2019, recently released by …
