October 18, 2017

Capital importation peaks at N3.42 trn in 2013, says NBS

Capital importation peaks at N3.42 trn in 2013, says NBS

The National Bureau of Statistics (NBS) has said that Nigeria’s capital importation stood at 21.3 billion dollar (N3.42 trillion) in 2013. The figure is higher compared to the 11.2 billion dollar (N1.80 trillion) and 5.7 billion dollar (N917.70 trillion) recorded in 2008 and 2009, respectively. The data was, however, silent on the import rates for 2010, 2011 and 2012, respectively. The Statistician-General of the Federation, Dr Yemi Kale, said this in a statement issued in Abuja. The statement explained that the data on capital importation was obtained from the Central Bank of Nigeria (CBN). “The data is being compiled using information on banking transactions, gathered through Electronic Financial Audit Sub-System (e-FASS) software, which enables automatic reporting of all banking transactions to CBN,” the statement said.

Read more:http://www.vanguardngr.com/2014/05/capital-importation-peaks-n3-42-trn-2013-says-nbs/

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