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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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The World Bank on Wednesday put Nigeria’s total external debt value at $46.238 billion as at the end of 2018.
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.
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.
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.
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
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.
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), Comandant Maj.-Gen. Jamil Sarham, reaffirmed the academy’s commitment to turn out the best officers for the Nigerian Armed Forces.
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.
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.
Donald Trump’s niece will release her unflattering book on the US president on July 14, her publisher announced Monday, after a judge lifted a temporary ban on publication.
The Acting Chief Press Secretary to the Governor, Mr Daniel Alabrah, quoted him as expressing deep concern over the fatality rate of 6.5% the state has recorded so far, which, according to him, is higher than the national average of 2.5%.
A group called Civil Society Coalition for Transparency, CSCT, Friday, kicked against the alleged suspension of Managing Director, Nigeria Social Insurance Trust Fund, NSITF, Bayo Somefun, and other Senior Staff of the Fund by the Minister of Labour and Employment, Dr. Chris Ngige.
A former Assistant Director with the Department of State Services, Dennis Amachree, says the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, became a law unto himself and refused to submit to constituted authority.
Manchester United and Manchester City have both asked about the availability of Barcelona forward Antoine Griezmann, claim El Mundo Deportivo.