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Tag: FDI

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 […]