Nigeria Records 25% Increase in Direct Foreign Investments.

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.

Ex: nigerianbulletin