foreign Archives

Egypt leads Africa in foreign direct investment

Bisola David The United Nations Conference on Trade and Development World Investment Report 2023, has revealed that Egypt experienced a tremendous increase in FDI, more than double of the $11 billion in 2022, establishing it as Africa’s leading economy with the most foreign investments. Business Insider reported that this considerable growth can be ascribed to increased cross-border merger […]

aomenyepdnlimited-com
30th January 2024
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Business

Special Economic Zones amass $66bn foreign investment – Report

Nigeria’s Special Economic Zones have received more than $66 billion in foreign direct investment and N620 billion in domestic direct investment. The PUNCH reported that the Chairman of the Nigeria Economic Zones Association, Nabil Saleh, said this at the association’s annual general meeting on Wednesday in Lagos. He stated that the investments have resulted in the creation […]

bfatoyepdnlimited-com
26th January 2024
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FG's 10-man panel to investigate airlines over fare hike

Aviation

NCAA estimates N8bn for local, foreign trips

The Nigeria Civil Aviation Authority has said that it will spend N8.3 billion on transportation and travel in 2024. The PUNCH reported that the agency announced this in the recently filed Government-Owned Enterprises budget proposal to President Bola Tinubu. The NCAA regulates aviation in Nigeria and has gained autonomy after the National Assembly passed the Civil […]

bfatoyepdnlimited-com
21st January 2024
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Aviation

Foreign flights fully booked despite naira scarcity

In a surprising turn of events, foreign flights from Nigeria are experiencing unprecedented demand and are reportedly fully booked, despite the prevailing scarcity of the naira and economic challenges facing the country. Most airlines serving the Lagos-London, Lagos-USA, and Lagos-Paris routes were fully booked for the festive season despite the high cost of tickets which keeps increasing. […]

bfatoyepdnlimited-com
9th January 2024
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50 Views

Business

Nigeria needs to balance foreign investment with local growth – KPMG

A professional services firm, KPMG, has stated that Nigeria must strike a balance between attracting foreign capital and supporting domestic growth through policies that favour foreign investment while also building a conducive climate for indigenous enterprises to prosper. According to the firm’s flashnotes published on January 4, 2024, capital importation numbers show a consistent quarterly fall, indicating continued issues […]

bfatoyepdnlimited-com
5th January 2024
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Only four Nigeria states attract foreign investment in Q4 - Report

News

Foreign investment in manufacturing sector falls by 54% – NBS

The latest Capital Importation data from the National Bureau of Statistics shows that foreign investments in Nigeria’s manufacturing sector decreased by $326 million (54%) to $279.5 million in the third quarter of 2023 from $605 million in the second quarter. According to The PUNCH, the report’s further research, despite the large decline, the production sector […]

bfatoyepdnlimited-com
5th January 2024
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65 Views

FG unveils locally-made machines to cut housing costs

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