30 results
- 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…
- 22 Jan 2015
FG Targets $68.1Bn Fresh Foreign Direct Investment
Mr Oluwagbemiga Kuye, managing director of the Nigeria Export Processing Zones Authority (NEPZA), said on yesterday that the Federal Government targets $68.1bn in Foreign Direct Investment from the…
- 16 Feb 2020
NITDA DG says Maintaining Database is An Avenue for Foreign Direct Investment
As efforts to deepen the penetration of Information Technology (IT) across the country intensifies, the Director-General, National Information Technology Development Agency (NITDA), Kashifu…
- 12 Jun 2024
IHS’ Impact on Nigeria’s Digital Transformation, Foreign Direct Investments Drive
By Blessed Omonose. Proudly Nigerian Campaign, a private sector initiative promoted by media entrepreneur, Olorogun Elkanah Mowarin, in 2017, was one of the popular efforts to elicit pride in…
- 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…
- 20 Jun 2016
FEC Relaxed MTN Fine to Encourage Foreign investments- Shittu
Mr Adebayo Shittu, minister of Communications, had said that the $5.2billion fine slammed on telecommunication giant, MTN, was reduced to encourage foreign investments into the country. Shittu said…
- 1 Jan 2024
Nigeria Borrows $1.7Bn to Boost FX Inflows – NBS
Nigeria got $1.71bn in foreign loans to boost foreign exchange inflow into the country in the first nine months of 2023. Total capital importation including Foreign Direct Investment, Foreign…
- 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…
- 31 May 2020
Foreign Industrialists Plan $40Bn Investment Hub in Anambra
The sum of $40 billion is to be invested by foreign industrialists towards establishment of an investment hub in Anambra State, according to Chika Ibeneme, senior special assistant to Governor Willy…
- 8 Nov 2024
CBN's New Directive: Banks to Trade Foreign Currency Deposits
Central Bank of Nigeria (CBN) has authorized banks to trade with foreign currency deposits made under its new amnesty initiative, the “Disclosure Scheme.” This directive, intended to boost…
- 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…
- 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…
- 18 Sept 2014
NIPC to Assist States Stimulate Investment
Nigerian Investment Promotion Commission (NIPC), said it would assist states to stimulate both foreign and domestic direct investments to enable them realize their full economic potentials. Mrs…
- 15 Mar 2010
Removing Obstacles to Growth in Telecom
The liberalization of telecommunications industry in the country has no doubt brought about unimaginable growth in the country’s economy. Aside huge foreign direct investment the country has…
- 14 Jun 2022
Africa’s Tech Start-up Ecosystem to Attract Over US$10bn by 2025
Foreign Direct Investment (FDI) and improved internet connectivity is helping Africa attract funding and a large percentage of business leaders on the continent say its tech start-up ecosystem will…
- 9 May 2019
FG Says FDIs in ICT Exceed $42Bn
Dr Adebayo Shittu, minister of Communications, has said foreign direct investments (FDIs) in the information communication technology (ICT) sector have exceeded $42 billion. He restated the…
- 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…
- 28 Oct 2024
NIA says Economic Challenges are Opportunities for Insurance Sector
The newly elected Chairman of the Nigerian Insurers Association (NIA), Kunle Ahmed, has said the increase in foreign Direct Investment (FDI) coming to insurance industry, especially in Q1 2024 and…
- 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…
- 29 Nov 2019
Ecobank, Standard Chartered Lead in Capital Importation to Nigeria
National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals.…
- 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…
- 12 Apr 2010
Starcomms Chairman Promotes African Investment in Columbia
Chief Maan Lababidi (OON), chairman of Starcomms Nigeria Plc., has demonstrated his support for the inflow of foreign direct investment to Africa as a whole and Nigeria in particular by sponsoring…
- 9 May 2023
CBN to Sanction Banks Harbouring Unlicensed Firms
Central Bank of Nigeria (CBN) has warned banks against harbouring and backing unlicensed foreign firms. CBN said the directive titled “Guidelines for the Regulation of Representative Offices of…
- 3 Jan 2019
FG May Hike Pump Price, Devalue Naira, Others This Year
FSDH Research, trusted providers of market intelligence has said that certain key events, both at the global level and in Nigeria, will influence economic and business activities in 2019. FSDH…
- 25 May 2015
AfDB Sees Africa's GDP Growth Nearing Pre-crisis Levels
African economies will grow 4.5 percent this year and 5 percent in 2016, approaching levels last seen before the 2007 global financial crisis, as economic prospects improve worldwide, the African…
- 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…
- 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…
- 4 Jun 2026
London Strengthens Global Investment Ties with Africa @ First Ever London-Africa Business Summit
The Mayor of London, Sadiq Khan, has today hosted City Hall’s first ever London-Africa business summit, bringing together 200 business and political leaders from across the continent to strengthen…
- 16 Apr 2012
Investments in Telecom Hit $16Bn, Alton Warns of a Dive
Association of Licensed Telecommunications Operators of Nigeria (Alton) has flaunted its contributions to the economy by reporting a princely $16 billion from foreign direct investment in the last…
- 16 Jun 2014
FG Watches as Foreign Courier Firms Wreak Havoc
Nigeria loses twice as much in illicit financial outflows as it seeks to attract foreign direct investment in the postal and courier sub-sector, according to Nigeria CommunicationsWeek…