Low Revenues, Poor Investments, Others Threaten Nigeria’s 2021 Growth – W'Bank       The World Bank has said that Nigeria’s growth is expected to resume by 1.1 per cent in 2021 from a contraction of 4.1 per cent in 2020. It also said the global economy would expand...

New Tariff Will Attract Power Sector Investments – NERC       The Nigerian Electricity Regulatory Commission on Tuesday said the recently reviewed service reflective tariff would attract more investments to the power sector. Chairman of the commission, Prof. James Momoh, who said this in Abuja during a working...

Downstream Sector Deregulation Will Boost Investments – NNPC       The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. Group Managing Director of the Nigerian National Petroleum...

Foreign Portfolio Investments Drop By N124bn       Investors apathy to Nigerian securities amid foreign exchange control, illiquidity and other macroeconomic risks have affected foreign portfolio investments in the local markets. The investments have dropped by N124.3 billion going by the latest Foreign Portfolio Investment (FPI) Report released...

AfDB Attracted $78.8bn Investments To Africa - Adesina     The African Development Bank (AfDB) attracted $78.8 billion investments into Africa in two years, its President Dr. Akinwunmi Adesina, has said. The continental bank was able to mobilise this investments “through the innovative and groundbreaking Africa Investment Forum...

Investment One’s Dollar Fund Offers Investor Comfort Amid FX Uncertainty     As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has continually impacted the country’s exchange rate and brings to the table conversations around devaluation of the local currency as was...