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...

UK Attracts $85m Investment into Nigeria’s Manufacturing Sector Since 2020 The government of the United Kingdom (UK) has helped to attract $85 million investment into Nigeria’s manufacturing sector through its Manufacturing Africa programme since 2020. Deputy British High Commissioner to Nigeria, Jonny Baxter, disclosed this at...

Saudi Arabia Foreign Direct Investment Hits $3.49 Billion in Q4 2023 According to the Saudi General Authority of Statistics, Saudi Arabia has seen a significant jump in foreign direct investment (FDI) in the fourth quarter of 2023. FDI net inflows hit $3.49 billion in Q4...

NSIA Assets Rise to N1trn, Attract $500m FDI   The Nigeria Sovereign Investment Authority (NSIA) says it grew its net assets by 10.5 per cent to N1.02tn in 2022 from N919.73bn in 2021. The Sovereign Wealth Fund manager disclosed that earnings from interest income, infrastructure business revenue,...

Buhari Warns Against Delay As NLNG Train 7 $10bn Investment Begins       President Muhammadu Buhari has inaugurated the construction of the Nigeria Liquefied Natural Gas train 7 project and charged the company to ensure its timely completion. Buhari who did the ground breaking virtually from Abuja said...

Despite COVID-19, Africa Records $80bn Diaspora Remittances       Diaspora remittances to Africa as a whole have increased to over $80 billion despite the COVID-19 impact on economies worldwide, and against the backdrop of a fall in remittances worldwide. However, remittances to Nigeria dropped by 27.7 percent in...