Nigeria Targets Fiscal Clarity, Investor Appeal in GDP Rebase
Nigeria is preparing to release its rebased Gross Domestic Product (GDP) figures in 2025 for the first time in more than a decade, which analysts say could catalyse investment and improve its attractiveness to investors, development...
Steel Sector Sees $500m FDI Boost Following Reforms, Says Minister
About $500m in foreign direct investment (FDI) has flowed into Nigeria’s steel sector over the past 20 months, the Minister of Steel Development, Prince Abubakar Audu, has revealed.
Audu disclosed this on Thursday in Abuja while...
The Federal Inland Revenue Service (FIRS) and the Kingdom of the Netherlands commenced the renegotiation of the Double Taxation Agreement between Nigeria and the Netherlands.
NERC Reveals Benin and Togo's $11m Electricity Debt to Nigeria
The Republics of Benin and Togo have failed to pay over $11m owed to Nigeria for electricity supplied in the first quarter of 2025, according to the latest report from the Nigerian Electricity Regulatory Commission...
World Bank Warns Nigeria, Others as Investors Shun Debt-ridden Economies
The World Bank has warned that foreign private capital is retreating from developing economies such as Nigeria and others due to rising debt levels and weak growth prospects, and called for urgent debt reforms.
The warning...
CBN Reforms, Others Boost Nigeria’s Investment Profile
The founder of the Research Alpha fund and a veteran Asia-Pacific investor, Michael McGaughy, has said that the reforms put in place by the Central Bank of Nigeria (CBN) and others, such as the harmonisation of the foreign...
