FDI
20 Dec
The Minister of State for Industry, Senator John Owan-Enoh has revealed that the Free Trade Zones (FTZs) attracted $1 billion worth of Foreign Direct Investment (FDI) in 2024. Owan-Enoh disclosed this on Friday morning in a statement he shared on his official X account, after receiving the top management of the Nigeria Export Processing Zones…
3 Dec
The Enugu State Government and WANDE NEXUS, an Austrian firm, have formalised an agreement to implement the Sustainable Last Mile Connectivity and Advanced Metering Infrastructure (AMI) Project in Enugu.
18 Nov
Sir: Industrialisation has long been recognised as a key driver of economic development, and for Nigeria, it represents a critical pathway toward achieving sustainable growth and reducing poverty.
16 Nov
In the first part of this piece I challenged the political leaders in the country to be technically ready too with a blueprint for solution to some of the challenges plaguing the country in a strategic manner a former Governor, Kano State Ganduje had done with the Livestock Sector.
22 Oct
Nigeria must prioritise the mobilisation of domestic capital to address its mounting economic challenges, a development economist, Dr Temitope Laniran has said.
19 Oct
The Chairman/CEO of the Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa, has said that Nigeria can make more money from diaspora home remittances, noting that in 2021, remittances reached $20.00 billion, surpassing foreign direct investment (FDI), which was $4.8 billion. The NIDCOM boss stated this on Saturday at the Ado Ekiti campus of ABUAD when…
9 Oct
Nigeria's Foreign Direct Investment (FDI) has dropped to $29.83 million in the second quarter of 2024, the lowest recorded since 2013, according to the latest data from the National Bureau of Statistics (NBS). The decline represents a 65.33% drop from the $86.03 million registered in the same period in 2023 and a 74.97% decline from…
8 Oct
Foreign investors bypassed 26 Nigerian states as the country’s capital importation reached $2.60 billion in the second quarter (Q2) of 2024, a 152.81% year-on-year increase compared to $1.03 billion in Q2 2023. This was disclosed in the latest capital importation report released by the National Bureau of Statistics (NBS) on Tuesday. The number of states…
18 Sep
A former governor of Edo State, Chief Lucky Igbinedion, on Wednesday, stressed the need for more Foreign Direct Investments (FDI) to boost the business environment and enhance the rapid development of the country. Igbinedion made the call during the commissioning of the Ultra Modern Lifestyle Value Mall in Benin City, Edo State, owned by a…
3 Sep
With a meagre six per cent Foreign Direct Investment (FDI) inflow going to the South-East region in the last four years, the region’s economy may be descending a steep slope faster than its stakeholders want to acknowledge.
30 Aug
Nigeria’s foreign capital Inflow fell to $770 million in April 2024, indicating a drop of 57.22 per cent from the $1.80 billion recorded in March 2024. The April 2024 Monthly Economic Report published by the Central Bank of Nigeria
25 Aug
Former Vice President Atiku Abubakar has criticised President Bola Tinubu over the fuel subsidy scam and human rights abuses under his administration, saying the president is not serious about attrating foreign direct investment (FDI) to the country. In a statement signed by his Special Assistant on Public Communication, Phrank Shaibu, Atiku accused Tinubu's administration of…
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Businesses belonging to Nigerians and other foreign Nationals in Mozambique suffered wanton destruction during the week as post-election
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The Lagos County Club has urged Nigerians to imbibe the habits of protecting themselves against malaria as they celebrate Christmas to avoid untimely deaths. Its Swimming Section Chairman, Ayodeji Osikoya, said malaria can be prevented by preventing, the bite from mosquitoes the vector transmitting the plasmodium parasite, which causes malaria. He noted this yesterday, at…
2 hours ago
Worried by what it described as age-long inequalities in political power rotation in Kwara State, a forum Kwara South Equity Advocates (K-SEA) has opted for a governor from the northern geopolitical zone of the state. It lamented that the central has been in power for over 20 years against other zones' cumulative eight years. The…
2 hours ago
The Africa Nature Investors (ANI) Foundation, in collaboration with the National Park Service (NPS), has launched a transformative rice mill project to empower women in Gashaka local government council of Taraba State. The initiative is part of the foundation's Savings and Loan Programme which supports over 2,000 women across 40 villages near the Gashaka-Gumti National…
3 hours ago
An Israeli military raid targeting Hamas militants has forced a major hospital in northern Gaza out of service and led to the detention of its director, the WHO and health officials said Saturday. The assault on Kamal Adwan Hospital has rendered the facility "useless", further worsening Gaza's severe health crisis, the Palestinian territory's health officials…
3 hours ago
Senior members of Canada's cabinet held talks Friday with US President-elect Donald Trump's nominees to lead the departments of commerce and the interior, as Ottawa works to hold off the threat of punishing tariffs. Canada's newly-appointed Finance Minister Dominic Leblanc and Foreign Minister Melanie Joly met with Howard Lutnick, Trump's commerce secretary nominee, who will…
3 hours ago
The National Security Adviser (NSA), Malam Nuhu Ribadu, has categorically denied accusations that Nigeria intended to sabotage or destabilise Niger Republic, as alleged by its leader, Gen. Abdourahmane Tchiani. Ribadu made this statement in an interview with BBC Hausa, which was provided to the News Agency of Nigeria (NAN) by the Office of the National…
3 hours ago
The death toll after a bridge collapse in northern Brazil increased to 10 on Friday, authorities said. The Juscelino Kubitschek de Oliveira bridge, which connects the states of Maranhao and Tocantins, collapsed on Sunday, sending vehicles and their occupants plunging into the water below. The Brazilian Navy had been conducting rescues in the area, finding…
3 hours ago
Kenyan President William Ruto has promised an end to abductions, following the latest spate of disappearances that have been condemned by rights groups, lawyers and politicians. Security forces in the East African nation have been accused of carrying out dozens of illegal detentions since youth-led anti-government demonstrations in June and July. The latest disappearances have…