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…
Category: investment
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,…
Julius Berger’s share price climbs by 34.02% in two weeks
Julius Berger closed trading on August 13, 2024, at N130.00 per share, continuing a notable upward trend. The stock saw…
Investors Rethink Japanese Multinationals Amid Yen Strength
The strengthening yen is prompting investors to reassess the prospects of Japanese multinational companies, which had previously benefited from a…
African caucus calls for investments, energy access, to boost AfCFTA
The African Caucus, which includes over 50 African Ministers of Finance and Central Bank governors, has urged for better energy…
BUA Foods Reports N672.39 Billion Revenue in First Half of 2024
BUA Foods Plc reported N672.39 billion in revenue for the first half of the financial year ending June 30, 2024,…
Nigeria’s foreign investments rising on proposed bank recapitalisation -Cardoso
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), attributes the recent rise in foreign investments to the ongoing…
Lagos State Partners with PMI to Boost Project Management Efficiency
The Lagos State Government has formalized a partnership with the U.S.-based Project Management Institute (PMI) to enhance project management practices…
DBN secures access to over $100b Green Climate Fund
The Development Bank of Nigeria Plc (DBN) has become the first Direct Access Entity (DAE) in Nigeria to receive accreditation…
Chapel Hill Denham named Nigeria’s best investment bank
Chapel Hill Denham has been awarded the title of Best Investment Bank in Nigeria at the 2024 Euromoney Awards for…
Global aircraft leasing market to hit $315b by 2033
The global commercial aircraft leasing market is set to reach $315.9 billion by 2033, growing at a cumulative annual growth…
Dangote Fights Back… NMDPRA Letter Shows Regulator Approved Refinery’s In-house Laboratory for Products’ Testing
Dangote Refinery is defending the quality of its refined products following allegations by the Nigerian Upstream and Downstream Petroleum Regulatory…
Foreign investments in manufacturing down 57.4% to N192bn in Q1’24
The harsh business environment in Nigeria led to a 57.36% decline in foreign investments in the manufacturing sector, falling to…
Sanwo-Olu to establish Lagos state sovereign investment fund, lobbies NSIA to invest in Lekki airport project
Governor Babajide Sanwo-Olu of Lagos State announced plans to establish a Sovereign Investment Fund during a meeting with the Nigeria…