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...

NPA Upgrades Harbour Operations to Increase Investment   The Nigerian Ports Authority (NPA) has commenced upgrades to its infrastructure and equipment to improve communications with visiting vessels and reduce vessel turnaround times. Speaking, yesterday, at the commissioning of its Control Tower at the Apapa Port Complex, NPA’s...

German Firms Set to Inject Fresh Investments into Nigeria's Economy German companies have perfected plans to boost activities in Nigeria and other African countries next year. According to a Reuters survey, the German companies hope to capitalise on opportunities in areas such as green hydrogen and...

Nigeria Bans Foreigners From Buying Agricultural Produce From Farmers Nigeria's government prohibits foreigners from purchasing agricultural produce directly from farmers. The government says middlemen exploit farmers by buying cheaply and driving up prices. The Federal Executive Council (FEC) announced the ban on its Twitter account, saying...

CBN Urges FG To Prioritise Investment In Infrastructure   The Central Bank of Nigeria has urged the Federal Government to prioritise investment in infrastructure to improve the country’s business environment and boost economic growth. Mr Godwin Emefiele, the CBN Governor made the call Tuesday night in Abuja...