INVESTMENT

The Managing Director, Morgan Capital Securities Limited and an economic analyst, Mr Rotimi Olubi, has said that electioneering for 2023 general elections in Nigeria will further increase foreign portfolio outflows and cause Foreign Portfolio Investors (FPIs) to remain on the sidelines. Olubi said this at a forum organised by the...

The Central Bank of Nigeria (CBN) and others particularly the financial services regulators, would invest N1.54 trillion over five years to increase liquidity in the financial services sector. The government intends to boost the liquidity thresholds in each segment of the financial system to levels that will sustain the country’s...

  As part of its continued supports to Micro, Small and Medium Enterprises (MSMEs), Heritage Bank Plc, Nigeria’s most innovative Banking Service provider has again empowered an entrepreneur winner of The Next Titan Season-8 with sum of N15million. Adausu Emuobo Taiwo, an expert in elderly care and the brain behind...

The Islamic Development Bank (IDB) has approved a budget of $29.75 million for the financing of a study project for the second phase of the technical preliminary design of the Morocco-Nigeria gas pipeline. The project will enable some West African states to replace costly oil-fired power generation with renewable power...

The Debt Management Office (DMO) has called on Nigerian investors to partner with the Federal Government towards the development of road infrastructure. The DMO announced this in its website,  as it opened offer for a new Sovereign Sukuk of up to N250 billion on Thursday. It stated that the Federal...

The Nigerian Electricity Regulatory Commission (NERC), has said that the United Bank for Africa (UBA) took over 60 per cent equity of private investors in Abuja Electricity Distribution Company (AEDC) to recover its acquisition loans KANN. The Commission which made this clarification in a joint statement with the Bureau of...

  The Board of Directors of the African Development Bank (AfDB) has approved a 35 million U.S. dollar unfunded risk-sharing facility for Ecobank International affiliates, EBI SA, to support trade finance activities in Africa.In a statement issued by Mr Kwasi Kpodo of the Communication and External Relations Department, AfDB, on...

  it’s a testament to the possibilities in the Nigerian economy Coca Cola’s plan to invest $1 billion in Nigeria in the next five years testifies to the possibilities in the economy despite challenges, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this on Monday evening at the...

President Muhammadu Buhari says outlook on Nigerian economy remains bright, with sustained investments in infrastructure, particularly ICT, that favour global businesses and a friendly regulatory environment that supports Foreign Direct Investments (FDI). The president, according to a statement by his spokesman, Mr Femi Adesina, stated this in a keynote remark...

 The Lagos Chamber of Commerce and Industry (LCCI) has advised governments to shore up efforts at repositioning Nigeria as a global and prime investment destination.The President of LCCI, Mrs Toki Mabogunje, gave the advice on Tuesday at the 2021 virtual Lagos International Investment Conference with the theme: “Repositioning Nigeria as...