Foreign investments in telecoms crash by $99m – NBS
Foreign investments in Nigeria’s telecommunications sector dropped significantly in the third quarter of 2024, falling to $14.4 million, an 87%…
Category: investment
PenCom Restores Investment In Commercial Papers By LPFAs
The National Pension Commission (PenCom) has lifted its temporary suspension on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers…
Delta State’s Strategic Investment in UTM FLNG: A Game-Changer
Delta State’s acquisition of an 8% stake in the UTM Floating Liquefied Natural Gas (FLNG) plant is being hailed as…
Investment banking hits major deals in 2024 –AIHN President
The Association of Issuing Houses of Nigeria (AIHN) recognized significant achievements in the investment banking sector during its annual Investment…
Investors favour equity over debt as private investment rises to $2.27bn
Private capital investment in Africa reached $2.27 billion in Q3 2024, with equity emerging as the dominant financing choice, according…
Nigeria’s Investment Appetite Grows as Mutual Funds Rise 89.5% to N3.8trn
Nigerian investors’ preference for secure, high-yielding opportunities has driven the Net Asset Value (NAV) to N3.781 trillion in early November…
Nigeria’s Economy Stable and Ready for Investment
Nigeria’s Finance Minister, Wale Edun, has declared the country’s macroeconomic environment stable and conducive to investment. Speaking at the National…
Nigeria’s Power Sector Set to Seek $10 Billion in Private Investment for 24-Hour Electricity Supply
The Nigerian government aims to bridge a $10 billion investment gap in the power sector through Public-Private Partnerships (PPP) over…
NCDMB Seeks Industry Support to Boost Nigeria’s Crude Oil Output and Energy Security
The Nigerian Content Development and Monitoring Board (NCDMB) has called for robust support from industry stakeholders to attract foreign direct…
British International Investment Provides $30M to Boost Renewable Energy in Nigeria
InfraCredit has received a $30 million risk-sharing and blended local currency facility from British International Investment (BII) to support renewable…
PenCom Targets Self-Employed Professionals with Enhanced Micro Pension Scheme
The National Pension Commission (PenCom) has announced plans to expand and promote its micro pension initiative among self-employed professionals, including…
Stock market posts N83bn gain on positive trading
The Nigerian Exchange Limited (NGX) closed Monday in positive territory, gaining N83 billion in market capitalization, marking the third consecutive…
Investment in Nigerian Manufacturing Surges Despite Economic Challenges
In the first half of 2024, Nigeria’s manufacturing sector recorded a 30% increase in investments, reaching N250.13 billion, with significant…
FX Scarcity Weighed Down Nigeria’s Ranking in Africa Financial Markets Index 2024
Nigeria secured third place in the 2024 Absa Africa Financial Markets Index (AFMI) with an overall score of 64, following…
Cardoso canvasses more skilled finance graduates
Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, has emphasized the need to address the shortage of skilled professionals in…
FG plans N1.1bn private sector funding in power sector
The Nigerian government, through the Rural Electrification Agency (REA), plans to leverage N1.1 billion in private sector funding to enhance…
Low Pension Fund Investment in Infrastructure Reflects Unattractive Market and Regulatory Constraints
Despite Nigeria’s significant infrastructure deficit, pension fund investments in the sector remain around one percent, far below the 15 percent…
‘CNG initiative unlocks $175m in private investment’
The Federal Government’s Compressed Natural Gas (CNG) initiative has attracted $175 million in private sector investments over the past year,…
BREAKING: World Bank approves $1.57 billion for Nigeria for three projects
The World Bank has approved $1.57 billion to help Nigeria with important projects. This money will be used to fix…
Sugar Masterplan Attracted $1 Billion Investments, 15,000 Jobs, Says NSDC Boss
The National Sugar Development Council in Nigeria has announced exciting news about the country’s sugar industry. They shared that a…
ExxonMobil Unveils $10bn Deepwater Investment Plan in Nigeria, Shettima Ecstatic
The Nigerian government is working hard to bring more businesses and money into the country. Recently, ExxonMobil, a big oil…
ExxonMobil mulls $10b investment in Nigeria’s deep-water
Nigeria’s economy is getting stronger because two big companies are planning to invest a lot of money in the country.…
Customs, SMEDAN partner to ease SMEs’ cross-border trade
The Nigeria Customs Service (NCS) is partnering with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to enhance…
Why Coca-cola suspended its 5-year $1 billion investment pledge to Nigeria in 2021 – Presidency
The Nigerian presidency has clarified the reasons behind Coca-Cola’s initial withdrawal of its $1 billion investment pledge, made in 2021,…
Over $500 million investment attracted through Public-Private Partnership projects – Infrastructure Commission
The Nigerian government, through the Infrastructure Concession Regulatory Commission (ICRC), has attracted over $500 million in investments through Public-Private Partnerships…
Dapo Abiodun announces $5 million UK battery plant investment in Ogun State
The Ogun State Government has announced the establishment of a $5 million battery recycling plant by a British company, marking…
Executive Order: Tinubu eyes $2.5bn investments
President Bola Tinubu has signed five executive orders to encourage investment in Nigeria’s oil and gas sector. These orders are…
Taiwan to assist Nigeria achieve technological growth
Taiwan is ready to support Nigeria in boosting its technology sector, as revealed by Mr. James Huang, Chairman of the…
Multi-billion naira Jauri Inland Dry Port to come on mainstream soon – Zulum
Governor Babagana Zulum of Borno State has reaffirmed the government’s dedication to advancing the Jauri Inland Dry Port in Maiduguri.…
Chinese firm to invest $50m in tin, others in Nasarawa
Nizhong Mining Company, a Chinese firm, has announced plans to invest $50 million in the exploration and processing of tin,…