Nigeria Records $8.99bn Investment Interests In Q3, 2021     The Nigerian Investment Promotion Commission (NIPC) has said that the country attracted over $8.99 billion investment in the third quarter of 2021. The NIPC Director of Strategic Services, Abubakar Yerima, stated that the $8.99 billion investment tracked in...

Manufacturing Sector Leads $8.41bn Investment Announcements In Q1, 2021       The Nigerian Investment Promotion Commission (NIPC) has reported $8.41 billion new investment announcements in Nigeria in the first quarter of 2021 (Q1 2021), with the manufacturing sector attracting 60 percent, reflecting the gradual return of investors’...

Foreign Investments To Decline By 50% In 2021, Worst In 20 Years — NIPC         Global Foreign Direct Investments (FDI) has been projected to drop by 40 per cent this year and 50 per cent in 2021, being the worst in the last 20 years. The Executive...

FG Denies Dangote, 14 Others Tax Relief   The Nigerian Investment Promotion Commission has rejected the application of 15 companies seeking pioneer status under the Industrial Development Income Tax Act. The pioneer status is an incentive from the Federal Government which exempts companies from income tax. It...

Nigeria Records $15bn Investments In 6 Months Between January and June this year, the Nigerian economy recorded a total investment commitment of $15.15bn in various sectors of the economy, the Nigerian Investment Promotion Commission has said. Figures obtained from the NIPC showed that the $15.15bn proposed...

The Nigerian oil and gas sector requires about $7 billion capital investment yearly, to fund exploration and development to achieve the nation’s crude production targets, according to Nigerian Investment Promotion Commission (NIPC). Besides, Organisation of the Petroleum Exporting Countries (OPEC), also put the expected...