$25bn FDI Boosted Nigeria’s Economy After 2018 Recession – FG   The Federal Government has said the $25bn Foreign Direct Investment inflow boosted the economy after the nation exited recession in 2018. It explained that Nigerians in the diaspora, who accounted for the highest net contribution to...

In Just Three Months, Oil Sector FDI Drops By $17.12m Foreign Direct Investment in Nigeria’s oil sector dropped by $17.12m in the third quarter of 2018, the Nigerian Natural Resource Charter stated on Wednesday. According to the NNRC, foreign investments in the sector plunged from $24.85m...

The Senate on Thursday passed the Bill on Nigerian Automotive Industry Development Plan, as part of efforts to transform the automotive industry. This followed the clause by clause consideration of the bill by the lawmakers during plenary in Abuja. Presenting the report, Chairman, Senate...

Vice-President Yemi Osinbajo described the continent of Africa as a land of immense opportunities, noting that Foreign Direct Investment inflow into the region was expected to hit $75.5bn by the end of this year. Osinbajo stated this in Abuja at the opening session of a...

The total value of capital imported into the country grew by 74.84 per cent to $1.82 billion in the third quarter (Q3) of the year, but dropped by 33.70 per cent relative to the third quarter of 2015, the National Bureau of Statistics (NBS)...