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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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 …
- 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…
- 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…
- 24 Jul 2018
Shittu Unveils ICT Road Map, Seeks Private Sector Partnership
Dr, Adebayo Shittu, Minister of Communications has official unveiled Nigeria’s Information and Communications Technology (ICT) Roadmap 2017- 2020 two years after it was approved by the federal…
- 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…
- 3 Jan 2017
FG Initiates Business Match-Making Data Platform
Nigerian Government has disclosed plans to establish a match-making data base for international business interconnectivity and stress-free investments. Geoffrey Onyeama, foreign affairs Minister,…
- 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…
- 2 May 2025
FMITI, NGX Group Partner to Achieve $6Bn Investment Target
The Federal Ministry of Industry, Trade and Investment (FMITI), under the leadership of Honourable Minister Dr. Jumoke Oduwole, MFR, has reaffirmed its commitment to Nigeria’s economic transformation…
- 26 Apr 2022
Nigeria Seals £3.2b Trade Partnership with UK
The UK and Nigeria held trade and investment talks today at the Economic and Development Forum (EDF) in London, to promote trade as a force for good and boost a partnership worth over £3 billion.…
- 20 Feb 2019
Naira to Crash to N415/$1, Fuel Price Hike Coming- PwC
PwC, global consultancy firm, has predicted that the Naira- Nigerian currency could drop within the range of N390 to N415 to a US dollar by the end of 2019. In its latest report, titled , 'Nigeria…
- 6 Dec 2021
Nigeria Records $2.5Bn Major Communications Sector Project Boost — Report
As cross-border investments across Africa gained traction over the last five years with South Africa being the largest investor into the rest of the continent, Nigeria has recorded two large scale…
- 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…
- 8 Mar 2013
SEC Gives Nod for Islamic Bonds
Securities and Exchange Commission (SEC) Friday approved rules allowing firms to issue Islamic bonds as part of a broader economic innovation, in a move aimed at attracting foreign direct investment…