The Bank of Industry (BoI) has pledged that it will continue to support loyal and existing local companies that have continued to invest in Nigeria despite the global economic downturn.  

In line with the Oil and Gas Free Zones Authority’s (OGFZA) dedication to promoting transparency, boosting investor confidence, and reinforcing Nigeria’s status as a leading investment destination, Bamanga Usman Jada, the Managing Director/CEO of OGFZA, together with key members of his management team, paid a visit to Hajiya Hafsat Bakari, the Director/CEO of the Nigerian Financial Intelligence Unit (NFIU), at her office in Abuja. 

1,068 Approved Oil Projects To Attract $22.8bn Investments – FG   About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday. It disclosed this during a...

Africa is the Right Destination for Investment - Obi   The presidential candidate of the Labour Party and the former Governor of Anambra State, Mr. Peter Obi has described Africa as the right continent for trade and investment. Obi made this remark yesterday while speaking at...

AfDB Invested Over $10bn in Nigeria in 52 Years   The African Development Bank (AfDB) Group has invested over $10 billion in Nigeria since 1971. This disclosure was made in a statement released by the development bank, coinciding with the visit of seven newly elected North...

How Profitable is Investment in Currency Deposit? by Babatunde Salami (Babatee)   Many investors, who have investments in Local Currency Deposit, merely invest below inflation rate of 22.42%. Therefore, they have not edged against deprecation of the Naira currency as well. Therefore, any Naira Deposit, whose annual...