Tag: Investments
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“We’ll remove obstacles to investments in Nigeria,” – Tinubu
President Bola Tinubu has assured global investors that his administration would remove all obstacles hindering ease of doing business in Nigeria. The president gave the assurance at the Nigeria-Qatar Business and Investment Forum held in Doha on Sunday.
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Cryptocurrency ban: SEC, CBN to provide level field for investments
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency market. They said this at a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday. Mr Timi…
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Investments into Nigeria Drop 67% in 2019—NIPC
Investments into Nigeria dropped by 67 percent to $29 billion in 2019, against $90 billion that was recorded in 2018, a report released by the Nigerian Investment Promotion Council (NIPC) has revealed. The investment council in its new report explained that 2019, being an election year, was filled with uncertainties, which contributed to investors’ perception…
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Xenophobia: Obasanjo writes Buthelezi, says attacks on foreigners will cripple investment in South Africa
Former President Olusegun Obasanjo on Monday said it was a “fallacy” for South Africa to believe that xenophobia would make more jobs available to its citizens. Obasanjo, in a letter to the Leader of South-Africa’s Inkatha Freedom Party, Mangosuthu Buthelezi, said that such attitude would rather cripple investment in the country. “As it is being…
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Your investments safe in Nigeria, FG tells foreign investors
In its effort to change the perception of investment risks in the country, thereby attracting the much needed foreign investments, the Federal Government has assured foreign investors of safety of their investments. The Minister of Finance, Ms Zainab Shamsuna Ahmed, explained that the Federal Executive Council in 2017 granted approval for the membership of Nigeria…
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Niger Delta, other regions will witness increased investments throughout my tenure – Buhari
…appreciates region for producing Itse Sagay, others President Muhammadu Buhari on Friday assured the people of Niger Delta that his administration would continue to support rapid development in the region. He said he would consolidate on all ongoing projects and initiate new ones to create more economic opportunities and jobs for the people. According to…
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French govt. invested N150 billion in Nigeria – Ambassador
The Ambassador of the Federal Republic of Nigeria to France, Dr Modupe Irele, on Tuesday announced that France invested about N150 billion(350 million euros) in Nigeria in 2017. Irele told the News Agency of Nigeria (NAN) in Lagos that the amount was disbursed as soft loans to the Federal and State Governments,as well as the…
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National petroleum policy will increase investments in oil, gas sector – Kachikwu
The Ministry of Petroleum Resources says the new National Petroleum Policy will ultimately remove barriers affecting investment and development of the oil and gas sector in Nigeria. A statement in Abuja on Wednesday by the Director of Press in the ministry, Mr Idang Alibi, said that the policy articulated the vision of the Federal Government…