30 results
- 24 Nov 2021
Nigeria, South Africa Assist Africa Attract US$8.5bn in FDI
Africa’s telecommunications and technology industries have attracted the second highest number of Foreign Direct Investment (FDI) projects in 2020, after business services. Nigeria and South Africa…
- 6 May 2013
FDI in Nigeria, Others Grow in 5 Years
Africa’s share of global foreign direct investment (FDI) has grown over the past five years highlighting the growing interest from foreign investors, according to Ernst & Young’s third Africa…
- 29 Jun 2015
FDI in Africa Hit all Time High at $128Bn- Report
Although the number of foreign direct investments (FDI) fell by 8.4% in 2014, capital investment into Africa surged to US$128b, a year-on-year increase of 136%, according to the recently released EY…
- 3 Mar 2015
Nigeria Loses $2Bn FDI to Polls’ Shift
Nigeria lost over $2 billion worth of Foreign Direct Investment (FDI) to other countries, following postponement of the general elections, according, Norbert Bielderman, to acting managing director…
- 6 Feb 2013
FDI in Nigeria Hits N800Bn
Direct investments in productive assets by foreign firms on local companies’ otherwise foreign direct investments (FDI) in Nigeria have reached a record N800 billion in January this year. This comes…
- 14 Mar 2024
NOVA Merchant Bank Attracts $65.12m FDI in 2023
NOVA Merchant Bank, a leading merchant bank in Nigeria, has firmly established its presence in Nigeria’s banking landscape and beyond as it has achieved a remarkable 76.1% increase in Foreign Direct…
- 15 Dec 2008
Oil, Gas Free Zone Rakes in $5 Bn FDI - FG
The federal government disclosed last week that the Oil and Gas Free Zone Authority (OGFZA) has recorded up to $5 billion (about N585 billion) in private Foreign Direct Investment, just as it has…
- 19 May 2025
Nigeria’s Digital Economy Sector Attracts $191m FDI
Dr. Bosun Tijjani, minister of Communications, Innovation, and Digital Economy,has said that Nigeria’s Communications and Digital Economy sector attracted $191 million in foreign direct investment…
- 5 Sept 2016
Nigeria ICT Sector Upbeat, Nets $35Bn FDI- NCC
Prof. Umar Danbatta, executive vice chairman and chief executive officer, Nigerian Communications Commission (NCC) on Monday said that over $35 billion had been invested in the nation’s…
- 23 Nov 2014
New FDI Report Rings Excitement for Nigeria
The communications industry is ranked the fastest growing economic sector globally, a new report by fdimarket intelligence has stated and stakeholders in the industry in Nigeria are waltzing…
- 7 Nov 2013
FDI in Africa Grown by $4Bn Since 2001
Trends in retail trading, the business landscape in Sub-Saharan Africa, how international retailers enter the continent and the innovation in payment methods were some of the issues tackled during…
- 8 Nov 2016
Shittu Urges ISACA to Build Cyber Security ‘Army’ to Attract FDI
Virtually all developmental moves in the world involve the application of Information and Communication Technology, however, security implications are growing exponentially and needs to be addressed…
- 1 Jul 2018
ICT Sector Accounts for Over $32 billion FDI Over the Last 15 Years- Shittu
Barrister Adebayo Shittu, Minister of Communication, over the weekend disclosed that Nigeria’s revolution in the ICT sector accounts for over $32 billion in foreign direct investment over the last 15…
- 1 Jul 2018
Blockchain Offers High FDI Potential for Nigeria - KureCoin CEO
With effective industry collaboration and government support, the adoption of blockchain technology can become a major source of foreign direct investment for Nigeria, the Chief Executive Officer of…
- 5 May 2016
FDI Dips to N140Bn as Investors Flee Nigeria
Total foreign investment inflows to Nigeria fell 54.34 percent to $710.97 million in the first quarter of 2016, the lowest level since 2007, according to the National Bureau of Statistics (NBS). NBS…
- 7 May 2015
MasterCard at EU-Africa B2B Forum Links e-Payment to FDI, Trade
MasterCard on Thursday joined more than 500 African and European heads of state and government, as well as representatives the private sector, investment agencies and media in Mons, Brussels for the…
- 11 Jul 2022
Nigeria Loses $6.91Bn as FDI Plunges by 81.46 Per Cent– NBS
National Bureau of Statistics (NBS) has said that foreign investments into Nigeria declined by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57bn in the corresponding…
- 15 Jul 2013
Nigeria Records $7Bn FDI, Says Minister
United Nations Conference on Trade and Development (UNCTAD), has rated Nigeria as the biggest beneficiary of foreign direct investment in Africa with over $7billion worth of foreign investments…
- 16 May 2014
Aggregate FDI in 4Q 2013 Peaks @ $4.94Bn- CBN
The Central Bank of Nigeria (CBN) says the nation’s aggregate foreign capital inflow stood at 4.94 billion dollars as at the fourth quarter of 2013. The bank said this in its External Sector…
- 29 Jan 2023
Data Protection Law Incentive for FDI – Pantami
Professor Isa Pantami, the Minister of Communications and Digital Economy, says the passage of data protection Bill into law in the country will give foreign investors confidence to invest in…
- 8 Jun 2026
Telcos Fault Data of FDI Flow, Claim Investment of N1.86 Trillion on Service Expansion
Association of Licensed Telecom Operators of Nigeria (ALTON), official industry umbrella body and pressure group for major mobile network operators in the country, has faulted claims that foreign…
- 12 Feb 2013
FDI in Telecom Hits $25Bn
Local and foreign direct investment in the Nigerian telecommunications sector stood at over $25 billion by mid-2012, while mobile subscriptions surpassed the 150 million mark, according to a new…
- 26 May 2013
Investors Shun Nigeria, Prefer SA & Egypt
Nigeria is behind South Africa and Egypt as the leading destination in Africa for foreign direct investment (FDI) according to the FDI report released by Global Greenfield Investment Trends. The…
- 2 Mar 2013
World Bank, IMF Sound Upbeat as Nigerians Sigh on Economy
The World Bank and International Monetary Fund (IMF) believe Nigeria is the place to be with earnings from foreign direct investment (FDI) expected to hit all time high $7.3 billion in 2013. This is…
- 7 Jul 2022
Nigeria’s Telecom Sector Records Zero Foreign Direct Investment
Nigeria recorded zero capital importation or Foreign Direct Investment (FDI) in the telecoms sector, last year, which was 2021, according to the Nigerian Communications Commission (NCC). In a report…
- 14 Feb 2013
Experts Tie Broadband Penetration to Regulatory Efficiency
Experts have opined that regulatory efficiency holds the key to broadband penetration in the telecom sector. This is as Nigeria ranks tops in the foreign direct investment (FDI) inflow in sub-Sahara…
- 21 Mar 2016
Philips on Global Mission to Encourage Healthy Oral Habits
Royal Philips united with FDI World Dental Federation to celebrate World Oral Health Day (WOHD). In a world where 90% of the population will suffer from a condition in the mouth, teeth or gums during…
- 15 Aug 2017
Reforms, New Policies Required To Drive Telecoms Sector- Experts
The liberalisation of the Nigerian telecommunications sector almost two decades ago, catalysed and opened up the sector to local and foreign direct investment (FDI) estimated at over $68 billion as…
- 20 Jul 2013
Telecom Investors Decry Lack of Govt. Patronage
Telecom operators which in over a decade remain Nigeria’s largest drivers of foreign direct investment (FDI) and employer of labour, weekend bemoaned government neglect of the sector, despite a…
- 4 Jul 2012
Local Content: FG Pushes for Local Production of SIM Cards, Others
The federal government is worried that very little of the $18 billion Foreign Direct Investment (FDI) in the telecom sector over the years is retained in the country and has begun moves for …