Foreign Investments in Nigerian Startups Decline By 65%   Foreign investments in Nigerian startups fell by 65.83 per cent year-on-year to $410m in 2023 from $1.2bn in 2022. The fall in investments caused the country to lose its top spot in terms of total startup investments on...

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in the third quarter (Q3) of 2023. Foreign investors brought in their investments only into Lagos, FCT, Abia, Ogun, Akwa-Ibom and Ekiti...

Foreign Investments in Manufacturing Hit $861m   Total inflow of foreign investments into the Nigeria’s manufacturing sector increased by 88.17 percent year-on-year (YoY) to $861.16 million in the first half of 2023 (H1’23) from $457.66 million in the corresponding period of 2022 (H1’22). This also indicates 75.47...

Nigeria Borrowed $1.21bn as 28 States Failed to Attract Foreign Investments     Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023. This is as 28 states failed to attract any foreign investments in the time under review, according...

28 States Attracted No Foreign Investment In Q1 - NBS   28 states failed to attract capital importation in the first quarter of 2023, according to the new Foreign Direct Investment data released by the National Bureau of Statistics (NBS). Out of the 36 states and the...

Foreign Investments Into Nigeria Declines By $6.91bn — NBS   The National Bureau of Statistics, NBS, has said foreign investments into Nigeria had declined by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57billion in the corresponding quarter of 2022. The bureau...