Tag: FDI

Over 160,000 benefited from Tinubu's transport subsidy - Alake
featured Investment

Nigeria attracts $2.6bn FDI in solid minerals sector — Alake

The Minister of Solid Minerals Development, Dr. Dele Alake, disclosed that the Tinubu-led administration has attracted over $2.6 billion in Foreign Direct Investment into the sector in two years. Alake made this known in a statement signed by his Special Assistant on Media, Segun Tomori. In the statement, the Minister advocated for regional hubs to […]

FDI drops $471m in five years - NBS
Business

FDI drops $471m in five years – NBS

Foreign direct investments into Nigeria have decreased by $470.8 million over the last five years. This followed analysis of various National Bureau of Statistics Capital Importation reports. According to Investopedia, FDI is an investment in a foreign firm or project made by a foreign investor, company, or government. The NBS reported on Friday in its […]

Telecommunications

Telecoms FDI records 494% drop Q2 2023

Foreign Direct Investments in Nigeria’s telecoms sector continued to fall in the second quarter of this year, with telecom companies attracting $25.81 million. According to The Times, this shows a 494% decrease year over year when compared to the $153.50 million reported at the same time last year. However, the Q2 result indicates a modest increase over Q1 […]