Capital inflow to the Oil and Gas industry remains highly volatile on a monthly basis, statistics from the Central Bank of Nigeria showed that capital flows into this sector from $173 million in July 2018 to $1.2 million in August 2018 and then increased to $5 million in September 2018. However, on a sectoral basis, shares account for the largest chunk of capital importation in the third quarter of 2018, accounting for 58 percent of capital importation. It was followed by financing, banking, production, and services accounting for 13, 10, 8, and 7 percent respectively. Based on the fact that portfolio investment accounts for a significant share of capital importation is reflated in the dominance of equity as the main receiver of capital in Nigeria.
