‘Capital importation may fall further in telecoms sector’
Capital importation of telecommunications companies, which fell by 94 per cent in second quarter, may fall further, if the economy continues its steep fall. Capital importation is divided into three main investment types: Foreign Direct Investment (FDI), Portfolio Investment, and Other Investments, each comprising various sub-categories. The National Bureau of Statistics (NBS) report for…
‘Poor regulatory framework in oil, gas sector affecting FDI inflow’
The lax and inefficient nature of regulatory framework in oil and gas sector in Nigeria, may continue to affect the inflow of foreign direct investment unless government takes urgent action. The Managing Partner, The Chancery Associates, Emeka Okwuosa, who spoke with The Guardian in Abuja, Tuesday, insisted that the development of the industry would remain…
‘Why capital market, economy remain slow’
Financial market experts have linked nation’s slow economic growth to weak institutional and regulatory framework, urging government to rise up to the responsibility of monitoring and enforcing sanctions across various agencies. They also re-emphasised the need for the regulators to improve their oversight functions, especially in the financial sector, with particular reference to the capital…
Africa remains stable as global FDI falls to $1.52 trillion
Although global Foreign Direct Investment (FDI) fell from $1.81trillion in 2016, to an estimated $1.52trillion in 2017, investment into Africa, and other developing countries stood almost firm, latest investment trends monitor by the United Nations has shown. The Investment Monitor published by the United Nations Conference on Trade and Development (UNCTAD), revealed that a…
Reserves hit $38.2b as FDI crosses $10 billion
Nigeria's foreign exchange (forex) reserves jumped from $23 billion in October 2016, to $38.2 billion yesterday, a development that signals the country’s return to favourite international deals destinations and enhanced confidence. The $3.4 billion boost is coming on the heels of a week’s trading that added only $455 million to the reserves, putting it at…
Nigeria’s real estate sector to record 5.39 per cent growth
Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.
‘Policy inconsistencies, parlous infrastructure threaten FDI’
Nigerian professionals in London have stressed the need for government to tackle the issue of policy inconsistencies with pragmatic plan aimed at ensuring rapid development in infrastructure.
‘We need to look inwards to produce exportable goods, services’
Nigeria at 56 is going through a period of temporary economic decline identified by the continuous fall of its Gross Domestic Product (GDP) for at least two successive quarters.
NCC eyes new investment with ITU World 2016 forum
The Nigerian Communications Commission (NCC) has urged players in the nation’s telecoms industry to participate actively in the forthcoming International Telecoms Union (ITU) Telecoms World 2016 ...