Price of Local Rice Rises 73% in 2023 – NBS The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year. This happened despite a multi-billion naira funding...

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in the third quarter (Q3) of 2023. Foreign investors brought in their investments only into Lagos, FCT, Abia, Ogun, Akwa-Ibom and Ekiti...

UAE Firms Invest $375.01m in Nigeria Despite Visa Ban   Private investors from the United Arab Emirates’ investments hit $375.01m in the country since a visa ban was placed on Nigeria in October 2022. Data from the latest Capital Importation report of the National Bureau of Statistics...

'Nigeria Borrows $1.7bn to Boost FX Inflows'   Nigeria got $1.71bn in foreign loans to boost foreign exchange inflow into the country in the first nine months of 2023. Total capital importation including Foreign Direct Investment, Foreign Portfolio Investment, and others amounted to $2.82bn in the time...

FDI Drops By $471m in Five Years – NBS   Foreign Direct Investments (FDI) into Nigeria declined by $470.8m in the last five years. This followed analyses of different Capital Importation reports published by the National Bureau of Statistics (NBS). According to Investopedia, FDI is an ownership stake...

Lagos, FCT Lead in Capital Inflow, Attracting Combined $503.49m in 2023 Q3 By Zekeri Idakwo Lagos and the Federal Capital Territory (FCT) have taken the lead in capital importation in the third quarter of 2023. New data from the National Bureau of Statistics (NBS) shows that only...