Some civil society organisations (CSOs), yesterday, claimed major industrialised nations do not want Nigeria to achieve its steel sector potential.
Stakeholders have committed to shoring up Nigeria’s Foreign Direct Investment (FDI), improving regional and international trade, and removing all trade and investment barriers.
President Bola Tinubu has reiterated his administration’s commitment to leveraging on the domestic use, processing and export of Nigeria’s gas resources.
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.
Foreign Direct Investment (FDI) into Nigeria nosedived to $187 million in 2022, the United Nations Conference for Trade and Development (UNCTAD) has said.
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.
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.
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.
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 ...
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…