Sunday, December 22, 2024

This Is Why Nigeria’s Foreign Investment Has Dropped To 9-year Low

Foreign investors are increasingly getting less interested in bring money to invest in Nigeria, the latest figures released by the National Bureau of Statistics...

Efficiency Unit Targets 20% Savings from Travel Cost Reduction Initiatives

New restrictions on travels of civil servants could save the Federal Government as much as 20% in travel costs in 2016, according to a...

Nigeria’s Misery Index Rises Further as Inflation Hits 12.8%

With a misery index of 23.2% based on the latest inflation figure of 12.8% from National Bureau of Statistics (NBS), Nigerians are now the...

Dangote Signs $2 billion Loan Deal with Industrial Commercial Bank of China

Africa’s richest man, Aliko Dangote has signed a $2 billion loan deal with the Industrial Commercial Bank of China Limited to build two more...

Tougher Times Await FG, Businesses as Cost of Borrowing Rises

The Federal Government (FG) has begun paying higher interested rates to borrow from the Nigerian financial markets as borrowing costs rise. This also means...

Equity Investments Still Dominate Foreign Investment Inflow

Shares of Nigerian companies still remain the preferred investment choice of foreign investors investing in Nigeria; data released by the National Bureau of Statistics...

This Is Why Nigeria’s Foreign Investment Has Dropped to 9-year Low

Foreign investors are increasingly getting less interested in bring money to invest in Nigeria, the latest figures released by the National Bureau of Statistics...

Airlines Have $700 Million Trapped at the CBN

International airlines have resorted to selling their tickets in dollars because of their inability to access up to $700 million (N1.4 billion) of ticket...

S&T Media Secures $1m (N200 million) Funding from EchoVC Partners

S&T Media, an innovative new advertising firm, will get N200 million ($1m) in seed funding from EchoVC Partners, a venture capital market firm.   S&T Media...

Finance Ministry Moves to Improve Transparency in Federation Accounts

The Ministry of Finance is taking new steps to improve accountability and transparency in the revenues accruable to the federation account.   This is following the...
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