FDI
19 Feb
Lagos has been identified, among other states, as the top recipient destination of capital inflow into Nigeria, with 65.38 per cent of the total volume of imported capital.
11 Jan
Institute of Chartered Accountants of Nigeria (ICAN) has deplored dip of about 69 per cent and 44 per cent in foreign direct investment (FDI) inflow in the first and third quarters of 2023 amid launch of the Presidential Enabling Business Environment Council
4 Jan
Conference of Nigeria Political Parties (CNPP) has urged the Federal Government to work more and talk less on the nation's economy, saying the current decline in Foreign Direct Investment (FDI) flowing into the country will worsen unless government tackles insecurity and uphold the rule of law.
24 Dec
Sending remittances is still expensive globally, with an average cost of 6.20 per cent of the amount sent, surpassing the Sustainable Development Goals (SDG) target of three percent. This underscores the need for significant change in the industry. In the past 10 years, remittance flows to Africa have doubled, reaching $100 billion in 2022, more…
20 Dec
Nigeria and her African counterparts hold the oddly familiar record of a humongous debt burden whose maintenance cost is competing with earnings and development prospects. Yet, to the same continent belongs the unenviable report of illicit financial flow that rivals the debt volume. But mending the fiscal basket case is the ambitious mandate the African…
11 Sep 2023
Some civil society organisations (CSOs), yesterday, claimed major industrialised nations do not want Nigeria to achieve its steel sector potential.
30 Aug 2023
Stakeholders have committed to shoring up Nigeria’s Foreign Direct Investment (FDI), improving regional and international trade, and removing all trade and investment barriers.
19 Aug 2023
President Bola Tinubu has reiterated his administration’s commitment to leveraging on the domestic use, processing and export of Nigeria’s gas resources.
11 Jul 2023
The general elections, which were held in the first quarter of 2023, and the uncertainty that came with them might have been responsible for the 28 per cent quarter-on-quarter (Q/Q) drop in the capital flow into the country in the first three months of the year.
8 Jul 2023
Foreign Direct Investment (FDI) into Nigeria nosedived to $187 million in 2022, the United Nations Conference for Trade and Development (UNCTAD) has said.
6 Jul 2023
United Nations Conference on Trade and Development (UNCTAD) said Nigeria saw its foreign direct investment (FDI) inflows regressed to a negative region of $187 million in 2022 owing to equity divestments even as Africa contributed 3.5 per cent of global flow in the year.
22 Jun 2023
As the Paris Summit for a ‘New Global Financial Pact’ begins today, world leaders meet to deliberate on impact of the global crises of the last five years – COVID-19, Russia’s war on Ukraine, inflation, climate change – that have plunged many of the developing world into economic decline alongside crippling debt and exacerbating energy and food insecurity.
Latest
NOW
The Lagos State Government said it will test run the Redline Rail from Agbado to Iddo next week. The Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, disclosed this at a press briefing on Thursday. Omotoso said that for two months, various interest groups and stakeholders will be invited to take a ride on…
2 mins ago
Police in Lagos State have intercepted some bags of substances, suspected to be Indian Hemp, at a Jetty in Ojo area of Lagos and arrested a suspect.
5 mins ago
Afrobeats superstar Davido has partnered with United Masters to launch his label Nine+ Records. Davido aims to nurture new talent and explore diverse musical genres beyond Afrobeats, including hip-hop, R&B, Latin, and more. He is partnering with Veteran American record executive, Steve Stoute, who is the founder of United Records. Speaking about his partnership with…
19 mins ago
Nigerian Army troops have successfully repelled an attack by the proscribed Indigenous People of Biafra (IPOB) and its militia arm, the Eastern Security Network (ESN), in Okija, Ihiala Local Government Area of Anambra.
43 mins ago
Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, says the administration of President Bola Tinubu is working to put Nigeria on a solid economic pedestal.
1 hour ago
Gov. Lucky Aiyedatiwa of Ondo State on Thursday concluded a seven-day campaign tour of the 18 local government areas of the state ahead of the Saturday’s governorship primary of the All Progressives Congress(APC).
1 hour ago
In remote Indian forests home to a decades-old Maoist insurgency battling government rule, few in farmer Ajay Kumaroya's village had ever dared anger the guerrillas by voting.
1 hour ago
Kenya marks one year this week since the grisly discovery of hundreds of bodies of victims of a doomsday starvation cult, in a case that provoked horror across the world.
1 hour ago
There has been no damage to Iranian nuclear sites following explosions Friday in the centre of Iran that have been described as Israeli revenge attacks, the International Atomic Energy Agency (IAEA) said.