Tag: Investment
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Climate Parliament tasks international community on investment in renewable energy
The Climate Parliament Nigeria, has called on the international community to harness the potentials of the nation’s energy sector to invest in renewable energy. Its Chairperson, Rep. Sam Onuigbo, made the call at the opening of a two-day Climate Parliament workshop in Abuja.
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Forex Trading Mistakes to Avoid
Forex or simply FX, otherwise known as the foreign exchange market is a preferred choice of investment for many people. Trading with currency pairs using the right strategy can yield a significant return on investment (ROI), especially in short-term periods. That’s why there are well over $5 trillion of currencies being traded in the FX…
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Investment in Bitcoin prone to fraud – EFCC warns
The Economic and Financial Crimes Commission (EFCC) has warned that investment in Bitcoin is prone to fraud. The Commission gave the warning on Monday in a statement, stressing that investment in Bitcoin is a high risk activity. The EFCC, therefore, warned Nigerians to be wary of fraudulent investment schemes, and also resist the temptation of…
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UBA America to Facilitate Investment, Development Capital, Trade Between North America and Africa, says CEO
UBA America, the United States’ subsidiary of Pan African financial institution, United Bank for Africa (UBA) Plc, has pledged its continuous commitment to facilitate trade and investment between North America and the African continent. Speaking on Thursday from the Bank’s office in New York, the Chief Executive Officer, UBA America, Ms. Sola Yomi-Ajayi, disclosed that…
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Investment in COVID-19 vaccines will strengthen Nigeria’s health care, not weaken it, FG replies Bill Gates
Contrary to the claims of the co-founder of Bill and Melinda Gates Foundation, Mr. Bill Gates, Nigerian Government has said that investing in procurement of COVID-19 vaccine would not only help in the fight against the coronavirus, but will also help to strengthen the nation’s primary health care system in the long run. Dr Faisal…
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Deregulation will boost investment in refining — NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says the deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business. Kyari made this known in a statement signed by the Group General Manager, Group Public Affairs Division, Dr Kennie Obateru,…
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Investment in children, sure way to national growth – Peter Obi
Former Governor of Anambra State and Vice Presidential Candidate of the People Democratic Party in the 2019 general elections, His Excellency Mr. Peter Obi, has said that adequate investment in the lives of children is a sure way of bringing national development to Nigeria. Obi made this known through a Statement from his media office,…
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FDI inflow to Nigeria hit $23.9bn in 2019 – NBS
The value of Foreign Direct Investment (capital importation) into Nigeria stood at $3.8 billion in fourth quarter of 2019, National Bureau of Statistics (NBS) confirmed in latest capital importation data released yesterday. The amount represents a decline of 32.42% when compared to the 3rd Quarter of 2019, and a 77.67% increase when compared to the…
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Elumelu Advocates Massive Capital Investment for Africa
The Chairman, United Bank for Africa(UBA), and Founder, Tony Elumelu Foundation, Tony Elumelu has advocated massive private capital investment as well as increased support to youth development as catalysts for driving the much needed economic growth on the continent. Elumelu said this while speaking on a panel at the UK-Africa Investment Summit 2020, in London.…