The Nigerian Economic Summit Group (NESG) has warned that the US President, Donald Trump’s tax reforms may lead to a reduction in foreign direct investment (FDI) to Nigeria.

FG Records $5bn FDI as 11 Investment Picks Shun Nigeria   President Bola Tinubu and Vice President Kashim Shettima undertook 41 trips across 23 countries in their first 17 months in office, spending 180 days, equivalent to six months, on foreign engagements. Analysis shows that Tinubu, with...

Oil Sector Draws $5m Foreign Investment in Q2 Efforts of the government to bring in investors to Nigeria’s oil and gas sector appear not to have yielded the desired result as the sector only attracted $5m foreign investment in the second quarter of the year,...

Oil Sector Foreign Investments Dips by 0.5% Nigeria's foreign capital investments in the oil and gas sector has dropped from $720m in 2016 to $3.64m in the entire 2023, this is representing a 0.5 decrease in the industry. According to a report by the National Bureau...

FG’s Revenue Surpassed Budgetary Target – Finance Minister The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the Federal Government’s revenue for the first half of 2024 has surpassed its budgetary targets. Edun, who announced this at a press briefing...

Capital Importation Hits $3.3b in One Year The National Bureau of Statistics (NBS) said in the first quarter 2024 total capital importation rose to $3.3billion from $1.1million recorded in the first quarter of 2023 (Q1 2023). This was contained in its report titled: “Nigeria Capital Importation...