MAN Reports 35% Drop in Manufacturing Sector Investments   A report by the Manufacturers Association of Nigeria (MAN) has revealed that investments in the manufacturing sector contracted by 35.3 per cent in 2024. The sector endured a sharp contraction in real investment in the past year, as...

NNPC Targets $30bn Investments in Oil Sector by 2027   The Nigerian National Petroleum Company Limited (NNPCL) has unveiled its agenda for attracting $30 billion investments by 2027 and $60 billion by 2030. The Group Chief Executive Officer (GCEO) Bayo Ojulari disclosed this to members of staff...

FG Attracts $14bn, €250m Investments From Netherlands, India   Nigeria has secured an investment of $14bn from India, spanning multiple sectors, according to the Minister of Foreign Affairs, Yusuf Tuggar. The announcement was made during the 5th Ministerial Press Briefing in Abuja on Thursday. In addition to the...

According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country's oil reserves have declined by 50 billion barrels over the past 14 years.  

The World Bank Group has just disclosed that its investments in Africa have hit $38 billion in 2024, contributing to a global commitment of $117.5bn. 

CBN, IFC Agree on $1bn Investments in Major Sectors   The International Finance Corporation (IFC) a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key...