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Foreign Direct Investment
Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.
The Head of Department, Registration, Exchanges, Market Infrastructure and Innovation Department of SEC, Timi Agama, disclosed this during a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday.
Manufacturers and industrialists on Wednesday appealed to the Federal Government and the Central Bank of Nigeria for a review of the available foreign exchange (FX) policies in the country.
Official: Belgian investors express interest in Nigeria’s maritime transport policy as an investment vehicle
Executive officers of the Port of Antwerp International have expressed interest in Nigeria’s new National Maritime Transport Policy, under development, for possible windows of investment opportunity for Belgian entities.
The total value of capital importation in 2020 stood at 9.68 billion dollars compared to 23.99 billion dollars recorded in 2019.
Ogun State Governor, Prince Dapo Abiodun, has assured all residents of the state that his administration will continue to deepen legacies inherited from past leaders.
According to the global investment trends monitor report released by the United Nations Conference on Trade and Development (UNCTAD), FDI inflows dropped from $3.3 billion in 2019 to $2.6 billion in 2020.
The Trade Union Congress of Nigeria (TUC) has decried the nation’s spiraling unemployment rate, citing the population of the unemployed as exceeding the combined population of 35 of Africa’s 54 countries.
The total value of capital importation into Nigeria stood at 1.46 billion dollars in the third quarter of 2020, the National Bureau of Statistics (NBS) says.
The Peoples Democratic Party (PDP) yesterday called on President Muhammadu Buhari and his party, the All Progressives Congress (APC), to accept their failure and allow competent, transparent and honest hands to effectively manage the economy, as that is the only way to save Nigeria from an imminent economic collapse.
Mr Otumba Adeniyi, the Minister of Industry, Trade and Investment, says the Federal Government has initiated a process to revive the collapsed industries in Kano State.
Prof. Adesoji Adesugba, Managing Director, Nigeria Export Processing Zones Authority (NEPZA), has described the Dangote Petrochemical Free Trade Zone Enterprise as a ‘one-world project’, capable of fast-tracking the country’s industrialisation process.
The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said.
The Minister of Foreign Affairs, Geoffrey Onyeama, has identified security as a major success so far recorded by the President Muhammadu Buhari led administration since the past five years.
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).
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.
South Africa saw a dip in foreign direct investment in 2019 compared to the previous year, with inflows falling to 66.8 billion rand ($3.78 billion) from 72.1 billion rand, the central bank said on Tuesday.
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 Group Managing Director of Aiteo Eastern Exploration and Production Company Limited, Mr. Victor Okoronkwo, yesterday, disclosed that Nigeria can only achieve its goals of three million barrels of crude oil per day and 40 billion barrels crude oil reserves if it ensures a stable operating environment and the establishment of a robust regulatory and fiscal framework.
The African Development Bank (AfDB) African has projected economic growth to rise from 3.4 per cent in 2019 to 3.9 per cent in 2020 and 4.1 per cent in 2021.
Leicester City forward Kelechi Iheanacho may have produced “fabulous technique” for his goal but it was not enough to keep him on the pitch for 90 minutes in the 1-1 away draw against Burnley on Wednesday night.
The Senate Committee on Public Accounts has uncovered how the Nigerian National Petroleum Corporation (NNPC) paid N443 billion without appropriation.
A roadside bomb explosion killed a female doctor in the eastern city of Jalalabad, provincial officials said on Thursday, days after three female media workers were shot dead in the same city.
Africa’s number one male Table Tennis player, Aruna Quadri started on a bright note at the World Table Tennis [WTT] championship in Doha on Wednesday.
The federal government has further extended the work-from-home directive to all public workers on Salary Grade Levels 12 and below until March 31 as a measure to mitigate the spread of COVID-19.
The Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami (SAN), yesterday condemned the recent statement by the Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Professor Itse Sagay, that the AGF would not allow the newly appointed Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa succeed on account of being a “powerful politician” that will interfere in Bawa’s work.
Ghanaian President Nana Akufo-Addo urged citizens of the West African state on Sunday to ignore conspiracy theories surrounding coronavirus vaccines ahead of the launch of its nationwide inoculation campaign against the virus on Tuesday.
Shola Shoretire created a new record at Manchester United after making his debut in Europe during Thursday’s Europa League home tie against Real Sociedad.
“The issue around the retail price has not been resolved at all. It seems the government has jettisoned deregulation. We are being forced to sell at a price that is not profitable. The ground is not level and we are told to sell at the same price with NNPC retail stations, that we shouldn’t increase the price. This is the cause of the scarcity,” the MOMAN official said.
Friday’s U.S. air strikes against Iran-backed militias in eastern Syria encourage terrorism in the region, Iran’s top security official, Ali Shamkhani, said on Saturday.