Foreign Direct Investment
Growing concerns as insecurity, infrastructure deficit stall FDI inflow
The monumental growth of 446 per cent in Foreign Direct Investment (FDI) recorded in South Africa in 2018, and the single-digit growth of seven per cent by Egypt is a reflection of investors
U.S. firms in Nigeria generate N1.4 tr, contribute $1.9b FDI
The United States (U.S.) companies operating in Nigeria are said to have generated about N1.4 trillion in 2018.
Stakeholders urge speedy review of automotive sector plans
Relevant stakeholders in the automobile sector have sustained calls on the Federal Government for a speedy review of the proposed National Automotive Industry Development Plan (NAIDP) bill.
Examining effect of mergers, acquisition in Africa
Economic growth continues due to the growing investment in private equity and the untapped markets provided by Africa’s growing middle class and Fintech and telecoms are still likely to be growth areas on the continent.
ATCON sets agenda, faults NCC’s 33% broadband penetration claim
The Association of Telecommunications Companies of Nigeria (ATCON), has called on the Buhari-led Federal Government to remove bottlenecks that hinder foreign direct investment (FDI), in the ICT sector by addressing issues of multiple taxes and regulation to boost investments into the country. ATCON also called for the passage of the Critical Infrastructure Protection Bill into law, to recognise…
Firm tasks government on infrastructural development
A recycling company, Lexsz Plastics has called on the federal government to create an enabling environment for businesses and address infrastructure challenges in order to attract foreign direct investment (FDIs) into the country. The Executive Director, Lexsz Plastics, Oba Olufemi Akowe, explained that despite the harsh business environment in the country, Nigeria still remains an…
Concerns over government’s sincerity in private sector-driven road projects
President Muhammadu Buhari last month signed an Executive Order aimed at improving roads infrastructure across the country. The Executive Order 7 of 2019, on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, is designed to develop and deliver Public Private Partnerships (PPP), with notable investors to bridge the road infrastructure gap in the…
‘Hot money’ dominates Nigeria’s $17 billion inflow
The record of foreign inflow into the country in 2018 at $16.81 billion, has shown that investors targeted portfolio investments, also known as “hot money”, rather than establishment of institutions and taking equity stake in already existing ones. Hot money, as it is called, is frequently transferred among financial institutions in an attempt to maximise…
Firm seals $600m iron ore, steel production investment pact
A $600 million fresh foreign direct investment (FDI) is on its way to Nigeria through an integrated iron ore mining processing and steel production. The Minister of Finance, Mrs. Zainab Shamsuna Ahmed, disclosed this during a meeting with the firm, African Natural Resources and Mines Limited, in Kagarko Local Government Area of Kaduna State, led…