President Bola Tinubu has boasted that reforms instituted by his administration has attracted more than $30 billion in foreign direct investments (FDI) in 2023. Tinubu made this known on Tuesday while addressing the nation to commemorate the country’s 65th Independence…
The need to attract Foreign Direct Investment (FDI) to boost the Nigerian economy is one important subject of concern in the discourse of revamping the economy from sinking into the mire. Although there have been efforts to attract more Investors…
The Nigerian Content Development and Monitoring Board (NCDMB) has pledged to hasten the process of granting approvals to oil and gas projects in a bid to boost the inflow of Foreign Direct Investments into the sector. The Executive Secretary NCDMB,…
Nigeria has experienced a decline of $470.8 million in foreign direct investments over the past five years, according to analyses of Capital Importation reports by the National Bureau of Statistics. Foreign direct investment is defined as an ownership stake in…
In a recent release by the National Bureau of Statistics (NBS), Foreign Direct Investment (FDI) into the manufacturing sector has seen a significant decline in the third quarter of 2023. The sector attracted $279.51 million in FDI, a sharp fall…
By Dakuku Peterside Nigeria faces unprecedented economic uncertainties and desperately needs to “bend the curve” on most economic indices. Even the optimistic people among us struggle with what to hold onto to defend our slide into economic quagmire. This results…
Mr Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), says an efficient judicial system will attract Foreign Direct Investment (FDI). Cardoso said this in Abuja on Monday at the 22nd National Seminar on Banking and Allied Matters for…
President Bola Tinubu is attending the G20 Summit holding from Sept. 9 to Sept. 10 in New Delhi, India to attract private capital for the development of the nation’s critical infrastructure. Mr Ajuri Ngelale, Special Adviser to the President on…
In a bid to effectively capture the over $18 billion worth of investment in Ubetta and Prowei projects (Total Energies), FDI on Bonga-North (SNEPCO), Agbami Gas Project (Stardeep), and Owowo (Esso) and other Nigeria’s upcoming upstream projects, the Nigerian Government…
By Sodiq Adelakun The announcement of the policy to unify the currency should have a long-term positive effect on foreign exchange rate and free flow of capital in the country. This is according to a recent report by Utica Capital…
