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...

FDI Drops By $471m in Five Years – NBS   Foreign Direct Investments (FDI) into Nigeria declined by $470.8m in the last five years. This followed analyses of different Capital Importation reports published by the National Bureau of Statistics (NBS). According to Investopedia, FDI is an ownership stake...

Capital Importation Records 4th Decline To $1.06bn In Q4, 2022   Capital imported into the country recorded the fourth consecutive quarterly decline to $1.06 billion in the fourth quarter of 2022 (Q4’22), from $1.15 billion in Q3’22. Data from the National Bureau of Statistics (NBS) Capital importation...

In Five Years, Nigerian Equities Market Attract $19.2bn Investment   As foreign investors take a position in low-priced stocks, the Nigerian equities market attracted a total of $19.2 billion (N8.83 trillion) in Foreign Direct Investment between 2018 and 2022, a report by the National Bureau of...

Nigeria’s Foreign Portfolio Records $2.08bn Shortfall In 11 Years   Nigeria’s foreign portfolio equity recorded a $2.08bn shortfall between 2010 and 2021 amid an unfavourable economic environment characterised by forex challenges and loss of investors’ confidence. According to a World Bank report titled, ‘International Debt Report 2022’...

In Q2, 32 States Fail to Attract Investment - NBS The Foreign Direct Investment data released by the National Bureau of Statistics shows that thirty-two states failed to attract capital importation in the second quarter of 2022. Of the 36 states and the Federal Capital Territory,...