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...

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,...