Tag: Investment
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Foreign investment into Nigeria drops by 43 per cent – UN report
Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report. Reuters reported on Thursday that investors were put off by a dispute between the government and South African telecom giant MTN over repatriated profits. Banks HSBC and UBS both closed representative offices there…
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NNPC seeks investments in $48b oil and gas industry
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has urged investors to take advantage of the over $48billion investment opportunities available in the upcoming capital projects in the country’s oil and gas industry. Speaking at a Panel Session on: Insights on Future Exploration Hotspots: Opportunities for Africa’s Oil & Gas Industry…
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We’ll sustain massive investment on infrastructure – Buhari assures
President Muhammadu Buhari on Monday reassured Nigerians that his administration would sustain massive investments to upgrade and develop the country’s transport and power infrastructure. President Buhari gave this assurance when he received members of the Association of Retired Career Ambassadors of Nigeria (ARCAN) led by Amb. Oladapo Fafowora, at the State House, Abuja. The President…
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Obaseki accompanies Buhari on investment tour in China
The Edo State Governor is scheduled to accompany President Muhammadu Buhari on an investment tour in China following the federal government’s listing of several Edo State government’s projects which are backed by Chinese investors, on its itinerary. The Chinese investors-backed big ticked projects in Edo State include the Benin River Port in Gelegele, the Benin…
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Buhari meets CEOs of Dutch companies, assures on safety of investments in Nigeria
President Muhammadu Buhari on Monday met with Chief Executive Officers of Dutch companies in Hague. He assured them of a safe and secure Nigeria, where their investments would be safe and yield handsome returns. A statement issued by his Special Adviser on Media and Publicity, Femi Adesina, said the President assured the CEOs of a…
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Saraki urges U.S. to take its rightful place in trade, investment in Nigeria
President of the Senate, Dr. Abubakar Bukola Saraki, has called on the Government of the United States (U.S.) to take its rightful place in trade and investment relationship with the country. Saraki made the call while addressing the United States Chamber of Commerce on ‘Doing Business and Opportunities in Nigeria’ as part of a parliamentary…
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Investment inflow into Nigeria rises to $6.3bn – NBS
The National Bureau of Statistics (NBS) on Friday released the capital importation report for the first quarter of this year, with the investment inflow into the country estimated at $6.3bn. The investment inflow of $6.3bn is an increase of 17.1 per cent over the $5.38bn recorded in the fourth quarter of last year. The report…
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Weekend Special: Top 25 businesses to invest in Nigeria with N100,000 or less
The need for self independence has led many into undertaking several businesses that not only consumed the invested resources but also their valuable time. This is because of the missing knowledge of such businesses before the venture actually commences. More so, businesses does not necessarily have to begin on a big scale before profit can…
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EIB, AfDB to support private sector investment in Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from…
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Nigeria’s economy attracted N20.89tn investments in five years – NBS
Nigerian economy attracted a total investment inflow of $68.5bn (N20.89tn) between 2013 and 2017, figures obtained from the National Bureau of Statistics have revealed. An analysis of the capital importation report made available to our correspondent on Friday showed that investment inflows came from three main sources. They are Foreign Direct Investments made up of…