FDI
19 Feb
Lagos has been identified, among other states, as the top recipient destination of capital inflow into Nigeria, with 65.38 per cent of the total volume of imported capital.
11 Jan
Institute of Chartered Accountants of Nigeria (ICAN) has deplored dip of about 69 per cent and 44 per cent in foreign direct investment (FDI) inflow in the first and third quarters of 2023 amid launch of the Presidential Enabling Business Environment Council
4 Jan
Conference of Nigeria Political Parties (CNPP) has urged the Federal Government to work more and talk less on the nation's economy, saying the current decline in Foreign Direct Investment (FDI) flowing into the country will worsen unless government tackles insecurity and uphold the rule of law.
24 Dec
Sending remittances is still expensive globally, with an average cost of 6.20 per cent of the amount sent, surpassing the Sustainable Development Goals (SDG) target of three percent. This underscores the need for significant change in the industry. In the past 10 years, remittance flows to Africa have doubled, reaching $100 billion in 2022, more…
20 Dec
Nigeria and her African counterparts hold the oddly familiar record of a humongous debt burden whose maintenance cost is competing with earnings and development prospects. Yet, to the same continent belongs the unenviable report of illicit financial flow that rivals the debt volume. But mending the fiscal basket case is the ambitious mandate the African…
11 Sep 2023
Some civil society organisations (CSOs), yesterday, claimed major industrialised nations do not want Nigeria to achieve its steel sector potential.
30 Aug 2023
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 2023
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 2023
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 2023
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 2023
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 2023
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.
Latest
5 mins ago
Authorities have confirmed the escape of 118 inmates from the Suleja Medium Security Custodial Centre, Niger state, following a heavy downpour that wreaked havoc on the facility, Wednesday night. The rain which lasted hours was said to have destroyed part of the main facility and the perimeter fence giving way for the inmates to escape.…
8 mins ago
A yet-to-be-identified elderly passenger has passed away in a commercial bus while travelling along the Ogbomoso-Ilorin expressway in Kwara State. Eyewitnesses said the deceased was believed to be in his late 60s. The incident, which left fellow passengers in shock, reportedly occurred after the bus experienced mechanical problems near Ote town. According to Abeni Okin,…
12 mins ago
A Nigeria woman, Clara Chizoba Kronborg, has broken the Guinness World Record (GWR) for the longest interviewing marathon. Kronborg who is a social media entrepreneur broke the world record with a time of 55 hours and 24 seconds, according to GWR. Kronborg in setting a new record smashed the previous one which was 37 hours…
20 mins ago
Gunmen suspected to be terrorists have killed two people, including the chairman of the All Progressive Congress (APC) for Mai Dabino community in Danmusa Local Government Area of Katsina State, Saidu Basa. The incident occurred on Wednesday afternoon at about 3:30 pm, along the road leading from Mai Dabino to Danmusa. It was learnt that…
29 mins ago
A former Director-General of the Bureau of Public Service Reforms, Dr. Joe Abah, has narrated how an air crash was averted in Lagos on Friday. Abah, who made this disclosure in a post on his X handle, said he boarded a 7:00 am Ibom Air flight in Lagos, heading to Abuja. The flight also had…
30 mins ago
US-led coalition forces shot down four drones and an anti-ship missile launched by Yemen's Huthi rebels, American authorities said Thursday, as the Iran-backed group announced strikes against US and Israeli ships.
48 mins ago
A fire incident disrupted flights at the Murtala Muhammed International Airport (MMIA), Lagos, on Thursday morning. The Federal Airports Authority of Nigeria (FAAN), in a statement on Thursday, said smoke was detected emanating from the E54 bridge at 05:29 hrs. FAAN's director of public affairs and consumer protection, Obiageli Orah, said the airport engineers immediately…
54 mins ago
The death toll from a migrant boat disaster off Djibouti this week has risen to 24, the UN's migration agency said, highlighting a sharp increase in the number of people returning from Yemen to the Horn of Africa nation this year.
2 hours ago
US far-right conspiracy website Gateway Pundit is filing for bankruptcy, its founder said Wednesday, as it battles a string of lawsuits alleging it promoted misinformation related to the 2020 election.