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Tag "FDI"

New oil, gas policies will boost GDP by $17bn, create 2.3m jobs, says FG

    New oil, gas policies will boost GDP by $17bn, create 2.3m jobs, says FG

Mohammed Idris, minister of information and national orientation, says the new oil and gas policy will create 2.3 million jobs, and boost gross domestic product (GDP) by $17 billion when

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FX inflow: Microeconomic stability needed to restore investors’ confidence, KPMG tells FG

    FX inflow: Microeconomic stability needed to restore investors’ confidence, KPMG tells FG

KPMG Nigeria says the country needs to strike a balance between attracting foreign capital and promoting domestic development to restore the confidence of external investors. In December 2023, the National

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Zamfara, Benue — 7 states, FCT failed to generate revenue from LGAs in 2022

    Zamfara, Benue — 7 states, FCT failed to generate revenue from LGAs in 2022

Only 29 states out of the 36 and the federal capital territory (FCT), succeeded in raising revenue from their local governments in 2022, according to Nigeria’s data bureau. According to

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FULL LIST: Kaduna, Abia, Rivers… 28 states attracted zero foreign investments in six months

    FULL LIST: Kaduna, Abia, Rivers… 28 states attracted zero foreign investments in six months

Foreign investors ignored 28 states as the value of capital importation into Nigeria fell by 30 percent to $2.16 billion in the first half of 2023, from $3.11 billion in

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NBS: Foreign capital inflow declined by 9% to $1bn in Q2 2023

  NBS: Foreign capital inflow declined by 9% to $1bn in Q2 2023

Capital importation dropped by 9 percent in the second quarter (Q2) of 2023, according to the National Bureau of Statistics

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Strong abroad, weak at home?

  Strong abroad, weak at home?

President Bola Tinubu and Vice President Kashim Shettima, in their first 100 days in office, hold the record of the

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FULL LIST: Osun, Imo, Kogi… 28 states attracted zero foreign investments in Q1 2023

  FULL LIST: Osun, Imo, Kogi… 28 states attracted zero foreign investments in Q1 2023

Foreign investors overlooked 28 states as the value of capital importation into Nigeria grew by 6.78 percent in the first

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NBS: Nigeria’s capital importation rose to $1.13bn in Q1 2023 — up by 6.8%

  NBS: Nigeria’s capital importation rose to $1.13bn in Q1 2023 — up by 6.8%

Capital importation grew by 6.78 percent in the first quarter of 2023, according to the National Bureau of Statistics (NBS).

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UNCTAD: Foreign direct investment to Africa rose by 147% in 2021

  UNCTAD: Foreign direct investment to Africa rose by 147% in 2021

Foreign direct investment (FDI) into Africa showed a strong rebound in growth of 147 percent to an estimated $97 billion

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Moghalu: How foreign direct investment can lift Nigeria out of poverty

  Moghalu: How foreign direct investment can lift Nigeria out of poverty

Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), says foreign direct investment (FDI) can help lift

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