Friday, 1st December 2023


11 Sep
Some civil society organisations (CSOs), yesterday, claimed major industrialised nations do not want Nigeria to achieve its steel sector potential.
30 Aug
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
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
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
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
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
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.
31 Mar
Africa remains an attractive investment destination, according to the EY Attractiveness Report Africa, with the service sector showing an increase in 72 per cent of its share of Foreign Direct Investment (FDI) projects.
21 Feb
To boost Foreign Direct Investment (FDI) inflows and facilitate the nation's industrial growth, there is a need for incoming government to step up policy implementation in the areas of infrastructure development and promote strict regulatory measures ...
27 Jan
The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, and the European Union Ambassador to Nigeria and the ECOWAS, Ms. Samuela Isopi, have pledged their support to drive Foreign Direct Investment (FDI) to the Lagos Free Zone (LFZ).
9 Dec 2022
Experts have suggested low tax rates for new entrepreneurs that meet specific conditions to facilitate active growth in various sectors of the economy. Experts who ventilated on this at a conference on economic diversification in Abuja, yesterday, insisted that a regime of a low tax rate for entrepreneurs was one of the factors that could…
7 Dec 2022
Countries on either side of the equator compete intensely for foreign direct investment (FDI). It brings much-needed capital for their growth and development, including technology transfer and skills.


8 mins ago
The Nigerian Institution of Mechanical Engineers (NIMechE), Abuja Chapter, called on youths to pursue a career in Mechanical Engineering to advance the technological development of the country. It said that the institution has been contributing significantly to the development of the mechanical engineering profession in Abuja and Nigeria at large. Chairman of NIMechE Abuja Chapter,…
30 mins ago
The Arewa Youth Consultative Forum (AYCF), has expressed delight over the appointment of Abdul-Azeez Suleiman as spokesperson for the Northern Elders Forum (NEF). The group which extended its heartfelt congratulations to Suleiman, said as the former Spokesman of the Coalition of Northern Groups (CNG), he has proven himself to be reliable and capable, making him…
50 mins ago
The Edo State government in partnership with Gesellschaft für Internationale Zusammenarbeit (GIZ) has trained 29 virtually impaired people in digital technology to empower and help them facilitate employment. At the graduation ceremony/summit under the theme, “Fostering Digital Inclusion to Empower and Facilitate Employment for Visually Impaired Persons held on Thursday, Dr Detlef Barth, Team Leader,…
55 mins ago
Minister of Interior, Dr. Olubunmi Tunji-Ojo, has said President Bola Ahmed Tinubu has approved the release of 150 inmates in the maximum Correctional Centre in Kano. The release, according to the Minister was part of President Tinubu's renewed hope mantra tailored towards decongesting the correctional centres nationwide. The Minister represented by the Assistant Director, Dr…
58 mins ago
The Governor of Enugu, Peter Ndubuisi Mbah, met on Thursday with the Chief of the Air Staff, Air Marshall Hasan Abubakar, and other security bigwigs in a bid to strengthen security in the state.
1 hour ago
The opposition All Progressives Congress (APC) on Thursday accused the New Nigeria Peoples Party (NNPP) of fueling the violent protests and mass possession of major streets in Kano against the judgment of the Appeal Court that sacked Governor Abba Kabiru Yusuf. The court had affirmed Nasiru Yusuf Gawuna of the All Progressives Congress APC as…
1 hour ago
The Commissioner for tertiary education in Lagos State, Hon. Tolani Sule, has emphasised the need for fostering collaborations between technology and tertiary institutions.
1 hour ago
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has urged the Federal Government of Nigeria to grab the investments from the climate funds. Okonjo-Iweala made this call on Friday at the ongoing 28th meetings of the COP28 in Dubai, the United Arab Emirates, and suggested that Nigeria as a country needs to commence…
1 hour ago
With the estimated N3.5 trillion annual post-harvest loss of agricultural produce in Nigeria, the effort of the government to accelerate policies and program implementation on food sustainability may not yield positive results. Country Director, Sasakawa Africa Association (SAA), Dr. Godwin Atser made the observation yesterday while inspecting the post-harvest technology intervention during Kano State Agro-Pastoral…
1 hour ago
A priest in charge of St. Michael’s Catholic Church Parish in Umuekebi, Osuoweerre autonomous community in the Isiala Mbano Local Government Area of Imo State, Rev Fr Kingsley Eze, has been kidnapped by gunmen.