Foreign investments in Nigeria’s telecommunications sector plummeted from $113.42 million in Q2 2024 to $14.4 million in Q3 2024, representing an 87% decline, according to the National Bureau of Statistics. This $99.02 million drop, signals potential challenges such as economic…
The Central Bank of Nigeria (CBN) has issued a clarification on the requirements for divestments and repatriation of foreign investments related to the Certificate of Capital Importation (CCI). In a circular signed by the Acting Director of the Trade &…
The European Union (EU), says it remains Nigeria’s largest trading partner, with a total trade of almost €35 billion in 2023, accounting for about one-third of Nigeria’s foreign investment. Ms Samuela Isopi, the European Union Ambassador to Nigeria and ECOWAS,…
Foreign investment inflows to Nigeria grew to $3.38 billion in the first quarter of 2024, a 210.16 percent increase from $1.09 billion in the fourth quarter of 2023, according to the latest capital importation report on the National Bureau of…
…Targets 30GW power capacity by 2030 South Korea has budgeted about $12.4 million to finance the installation of solar mini-grids in rural areas of Nigeria. The project, led by the Korea Institute for Technological Advancement (KIAT), is scheduled to commence…
Ogun State Government will set up economic team to liaise with the Indonesian investors in exploring areas of interests that will be mutually beneficial to both the state and the Pacific nation. The state governor, Dapo Abiodun, gave this hint…
