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Nigeria’s total value of capital import stood at $5,854.38 million in the First Quarter of the year, according to the National Bureau of Statistics (NBS).

Nigeria’s Q1 capital import hits $5,854.38 million

Nigeria’s total value of capital import stood at $5,854.38 million in the First Quarter of the year, according to the National Bureau of Statistics (NBS).
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

2020 budget: OPS backs proposed $20 oil price benchmark

Members of the organised private sector (OPS) and some analysts have hailed the plan by the federal government to further review downward the oil price benchmark in the 2020 budget to $20 per barrel.

World Bank forecasts sharp fall in remittances to Nigeria, others

The World Bank said remittances will decline sharply by about 23.1 percent to sub-Nigeria and other Saharan African nations this year, due to the economic crisis induced by the COVID-19 pandemic and shutdown.

Database an avenue for foreign direct investment – NITDA chief

As efforts to deepen the penetration of Information Technology (IT) across the country intensifies, the Director-General, National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has said maintaining databases could be an avenue foreign direct investment.

Visa-on-arrival: Nigeria immigration advice to investors

The Comptroller General, Nigeria Immigration Service (NIS), Mr Muhammad Babandede, has called on genuine investors to take advantage of the visa on arrival policy to improve migration.

$600 million steel plant to create 3,000 jobs, save forex

The Group Managing Director, African Industries Group, Mr. Alok Gupta, on Thursday said Nigeria will gain a lot from the company’s huge $60 0million steel plant in Kaduna State.

Nigeria’s economy attracts $5.36 billion in third quarter 2019

The total value of capital importation into Nigeria stood at $5.36 billion in the third quarter of 2019, the National Bureau of Statistics (NBS) capital importation report released yesterday has shown.
National Bureau of Statistics NBS

NBS: Investment inflow dropped by $460m in three months

The National Bureau of Statistics (NBS) on Monday disclosed that foreign inflow decreased from $5.82 billion in the second quarter of the year to $5.36 billion in the third quarter, a difference of $460 million.

CEEWABA pledges to attract more FDI into Nigeria

The Nigerian advisor for Central Eastern European & West African Business Association (CEEWABA), Ambassador Adedotun Adepoju, has reiterated the Association’s readiness to attract Foreign Direct Investment (FDI) into Nigeria from the far Central Eastern European investors.
Minister of State for Petroleum Resources, Chief Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari and the President of Dangote Refinery and Petrochemicals Plant, Mr. Aliko Dangote conducting the Federal Government delegation round the 650,000 barrels per day biggest refinery in Lagos.. on Sunday

Federal government plans 200,000 bpd condensate refineries

Nigerians may bid fuel scarcity farewell if the Federal Government’s plan to build two 200,000 barrels per day (bpd) condensate refineries comes to fruition.
Minister of State for Petroleum Resources, Chief Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari and the President of Dangote Refinery and Petrochemicals Plant, Mr. Aliko Dangote conducting the Federal Government delegation round the 650,000 barrels per day biggest refinery in Lagos.. on Sunday

Federal government to support Dangote Refinery with feedstock, others

The Federal Government has pledged to support the 650,000 barrels per day capacity Dangote Refinery and Petrochemicals Plant with crude oil feedstock and other necessary inputs to the success of the project.

Central bank, IMF disagree over impact of forex restrictions on foreign direct investment inflow

The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country.

World Bank put Nigeria’s external debt at $46.238 billion by 2018

The World Bank on Wednesday put Nigeria’s total external debt value at $46.238 billion as at the end of 2018.

South Africa records FDI inflows of 26.3 billion rand in Q2

South Africa saw larger Foreign Direct Investment (FDI) inflows in the second quarter than the first quarter as domestic firms received debt and equity funding from foreign parent companies, central bank data showed on Wednesday.
Lagos State Governor Babajide Sanwo-Olu has announced the appointment of six new Permanent Secretaries in the States Civil Service.

Lagos governor, Reps seek approval for Lekki, Badagry seaports

Governor Babajide Sanwo-Olu of Lagos State and members of the House of Representatives, yesterday, urged the Federal Government to approve the operation of the Lekki and Badagry seaports in the state.

CSOs task central bank on sustaining improved economic policies

As the 5th All Nigeria Civil Society Economic conference came to a close in Abuja, stakeholders at the conference have called on the Central Bank of Nigeria (CBN) to sustain the improved reform economic policies, rising investment opportunities and Agricultural development.

Nigeria Cultural Festival set to hold in Denmark

All is set for the first edition of Nigeria Cultural Festival (NICUFES 2019) billed to hold in Copenhagen, Denmark, this September.
Foreign Affairs Minister Geoffrey Onyeama flanked by the Minister of State Amb. Zubairu Dada (left) and the Permanent Secretary in the ministry, Amb. Mustapha Suleiman ( right) pose for a shot when the minister assumed office on Wednesday in Abuja.

Minister takes office, lists security of Nigerians abroad

Returning Minister of Foreign Affairs, Geoffery Onyeama, says he will focus attention on ensuring the security of Nigerians living abroad and attracting Foreign Direct Investment (FDI) to the country.g

Recent Stories

The Federal Road Safety Corps (FRSC) in Niger says 12 people have died in an accident on Sunday at Sawmill village along Mokwa -Makera road in Mokwa Local Government Area of the state.

FRSC alerts motorists on imminent diversion on Lagos 3rd mainland bridge

The Corps Marshal, Federal Road Safety Commission (FRSC), Dr Boboye Oyeyemi, says diversion and safety precaution are imminent, owing to the emergency rehabilitation on the third mainland bridge in Lagos.
Ibrahim Magu . EFCC

Former Ekiti governor wants Ibrahim Magu placed on watch list so he won’t flee

Former Ekiti State Governor, Ayodele Fayose, has asked security agencies in the country to place suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on watch list.
The Nigerian Defence Academy (NDA) says it has postponed the screening test for its 72 Regular Course schedule to hold on May 30, adding that a new date will be communicated.

NDA reaffirms commitment to turn out best officers

The Nigerian Defence Academy (NDA), Comandant Maj.-Gen. Jamil Sarham, reaffirmed the academy’s commitment to turn out the best officers for the Nigerian Armed Forces.
8. President Muhammadu Buhari presides over the weekly virtual Federal Executive Council (FEC) Meeting, at the Council Chambers, State House, Abuja.

Aviation, education ministries, others make presentations at FEC meeting

President Muhammadu Buhari is currently presiding over the seventh virtual meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja.

NAWOJ: Houses without decent toilet facilities encourage raping of females

The chairperson of the Plateau Chapter of the Nigerian Association of Women Journalist (NAWOJ), Jennifer Yarima, has observed that women and girls living in houses without toilet facilities are more at risk of being raped.