Telecoms Investments In Nigeria Now $75.6bn – Danbatta   The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, yesterday disclosed that investment profile of the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment, has reached $75.6 billion...

PFOs Sustain Business Growth With N1.69trn Investment   Pension Fund Operators (PFOs) have invested a sum of N1.69 trillion in banks through money market instruments from the inception of the Contributory Pension Scheme (CPS) to 2023. The amount serves as loans to the private sector. This was disclosed...

Report Revealed Eight States Got Zero Investment In Four Years   At least eight states failed to attract any foreign investments but piled up N194.09bn debt between 2019 and 2022. Data from the Capital Importation reports of the National Bureau of Statistics revealed that Bayelsa, Gombe, Ebonyi,...

Kogi, China Plan N591bn Investments, 685,000 Jobs   Kogi State Government has signed a Memorandum of Understanding with Chinese investors for the provision of technology security architecture to track movement in and out of the state from a central control centre. It said this was to...

Investment In FGN Savings Bonds Rise By 53% To N7.5trn   Investment in the FGN Savings Bonds rose by 53 per cent, year-on-year, YoY, to N7.5 trillion in the first half of the year (H1’22), from N4.9 trillion in the corresponding period of last year (H1’21). Analysis...

No Plans To Move Our Investments Away From Dollar - NSIA   Managing Director/Chief Executive of Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji, has said the investment authority has no plan to re-dominate its assets from the United States dollar into other reserve currencies. There had...