Foreign Investors’ Interest In Nigeria Drops By 27.5% In Q1, 2021       Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments...

ICT Missing In $8.4bn NIPC Q1 Investment Announcement       The ICT sector was conspicuously absent on investment announcement released on Monday by the Nigerian Investment Promotion Commission. From 33 per cent ($1.61bn) in Q1 2020, ICT contributed nothing to investment announcement in Q1 2021. This is despite...

NIPC Grants Tax Relief To 17 Firms       The Nigeria Investment Promotion Commission (NIPC) has granted Pioneer Status Incentive (PSI) to 17 companies with a total capital investment of N99.45 billion in the first quarter of 2021. NIPC’s Head of Incentives Administration Division, Uchenna Okonkwo, who stated...

Nigeria Received $8.4bn Investment Announcement Inflows In Q1, 2021       Nigeria received about $8.4b investment announcement inflows in quarter one (Q1) 2021, Executive Secretary of the Nigerian Investment Promotion Commission (NIPC) Yewande Sadiku has said. Sadiku disclosed this during a media briefing with journalists on the highlight...

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’...

In Five Years, Nigeria Recorded N4.9trn Investment Inflows       The Nigeria Investment Promotion Commission (NIPC) has said Nigeria’s annual investment inflows averaged $13 billion (about N4.940 trillion) in the last five years. Speaking at the ongoing Nigeria Finance Online on Wednesday, the Head of NIPC’s Strategic Communications,...