30 results
- 16 Oct 2023
Foreign Investments into Telecoms Sector Drop by 77 Percent
Foreign investments into telecommunication sector fell by 77.35 per cent year-on-year in the first half of the year, according to data by National Bureau of Statistics (NBS) In the first six months…
- 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…
- 23 Feb 2017
NSIA Attracts over $175m Foreign Investment in Nigeria
Mr. Uche Orji, managing director, Nigeria Sovereign Investment Authority (NSIA), said that the organization has attracted over $175m foreign investment into the courtry. Orji disclosed to newsmen…
- 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…
- 5 Dec 2013
Foreign Investment in Capital Market Hits $15Bn
Dr Doyin Salami, an Economist with the Lagos Business School, has said that the foreign portfolio investment in the nation’s capital market has reached 15 billion dollars (N2.36 trillion) in 2013.…
- 28 Sept 2014
FG Seeks Local, Foreign Investments in infrastructure
The Federal Government has stressed the need for adequate local and foreign investments in infrastructure to boost the nation’s economy. Mike Onolememen, minister of Works, made this known in Benin…
- 8 Feb 2026
CBN Expresses Concern Over Foreign Investments in Nigeria Fintechs
The Central Bank of Nigeria in its 2025 Fintech Policy Insight Report, has raised concern over Nigeria’s fintech sector heavily dependent on foreign investment, exposing it to swings in global…
- 24 Jul 2022
SEC Seeks Harmonized Exchange Rate to Attract Foreign Portfolio Investment
The Securities and Exchange Commission, SEC has advocated for a unified foreign exchange rate in order to attract Foreign Portfolio Investment, FPI into the country. The Commission said that the…
- 24 Nov 2014
Africa Becoming Magnet for Foreign Investment, But- Deloitte
Rising consumer demand, aligned with annual growth of around eight per cent, is likely to add around $1.1 trillion to African GDP by 2019, with Ethiopia, Uganda and Mozambique among the fastest…
- 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…
- 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…
- 15 Feb 2013
NACCIMA Urges FG to Invest Part of Foreign Reserves in Economy
Dr John Osemede, director-general, Nigerian Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA), has urged the Federal Government to invest a part of Nigeria’s foreign…
- 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…
- 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…
- 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…
- 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…
- 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.…
- 24 Oct 2016
Innoson Secures $300m Credit for Set-Top Boxes from Chinese Investors
Innoson Group has secured financial foreign investment credit facility of $300million USD for local production and supply of a minimum five to eight Million (5-8million) Set-Top Boxes to support the…
- 28 Mar 2016
Investors Take More Money out of Nigeria
For every dollar brought into Nigeria this year, more than $2 has been taken out according to a report on foreign portfolio investment (FPI). A year-to-date report on FPI obtained at the weekend,…
- 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…
- 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…
- 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,…
- 9 Aug 2026
Fake Agency: ICPC Indicts NITDA, Others over Inadequate Due Diligence
Independent Corrupt Practices and Other Related Offences Commission (ICPC) indicted the National Information Technology Development Agency (NITDA) and other ministries over administrative lapses that…
- 20 Jul 2026
PFIPC Probe: Dollar, Pounds Accounts of Fake Agency Inactive - CBN
Central Bank of Nigeria (CBN) has disclosed that two foreign currency accounts opened in connection with the controversial Presidential Foreign Investment Promotion Council (PFIPC) have remained…
- 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…
- 19 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…
- 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…
- 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…