Rivers, 31 Others Attract Zero Foreign Investments In Q1, 2022 - NBS   Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investments in the first quarter of 2022. A report by the National Bureau of Statistics (NBS) shows that only Lagos, Oyo,...

Oil And Gas Trade Zone Attracts $16.6bn Foreign Investments In 20 Years         The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the economy within a 20-year period spanning 2001 to 2020. During the same period, the Authority...

In Five Years, Telecoms Sector Attracted $3.9bn Foreign Investments       Between 2015 and 2020, Nigeria’s telecommunications sector attracted $3.9 billion foreign investments (portfolio and direct). The 2021 Telecommunications Industry report released by Agusto & Co, which revealed this, observed that this accounted for an average of...

Fed Govt Urges MDAs To Attract Foreign Investments       The Minister of Finance, Budget and National Planning, Zainab Ahmed has said it is important for government agencies to be committed to the pursuit of the earmarked 40 deliverables. She stated that attainment of these deliverables would guarantee...

'Insecurity, Unstable Forex Affecting Investments In Nigeria'       Some foreign investors on Tuesday charged the Federal Government to address the level of insecurity in Nigeria as well as concerns with the country’s foreign exchange rate. Nigeria’s forex rate has been fluctuating over time with naira crashing repeatedly...

Foreign Investments In Nigeria Fall By 44% To $16.7bn In 2020 — NIPC       The Nigerian Investment Promotion Commission (NIPC) said it tracked $16.74 billion investment announcements in Nigeria for the year 2020, representing 44 percent less than the $29.91 billion tracked in 2019. NIPC disclosed this...