UNCTAD hopeful of improved FDI amid uncertainty
Global foreign direct investment (FDI) flows are expected to bottom out in 2021 and recover some lost ground with an increase of 10 per cent to 15 per cent, according to UNCTAD’s latest World Investment Report.
Cautious optimism trails manufacturing investment prospects
The impact of the coronavirus, insecurity and governance issues may have significantly impacted manufacturing activities within the country, as investments in the sector dropped by 76.11 per cent in 2020 to N118.52 billion from N496.11 billion achieved in 2019.
Nigerian vessels missed out in global trade for 10 years
There have been concerns among major maritime operators that no Nigerian- flagged vessel participated in the global merchandise trade in the last 10 years.
Nigeria attracts $2.6bn FDI in 2020 amid global downturn
Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to the latest UNCTAD Investment Trends Monitor, with Nigeria earning $2.6billion of the global volume.
Maritime trade to fall by 4.1% this year, says UN
The United Nations Conference on Trade and Development (UNCTAD) has projected that volume of international maritime trade would fall by 4.1 per cent in 2020, owing to supply-chain disruptions, demand contractions....
Nigeria, others should optimise public revenues from natural resources
Africa will not meet the Sustainable Development Goals (SDGs) target of eliminating extreme poverty by 2030 if natural resource wealth is not managed well.
Global trade shows frail recovery in Q3 amid uncertain outlook
Global trade recorded a five per cent drop in the third quarter (Q3) of 2020 compared with the same period last year, according to The United Nations Conference on Trade and Development (UNCTAD’s) new Global Trade Update.
‘Non-tariff barriers could slow down AfCFTA if not addressed’
Africa is on the verge of becoming the world’s largest free trade area with the launch of the African Continental Free Trade Area (AfCFTA). If not addressed, non-tariff barriers (NTBs) could slow down this effort.