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Tag: Investment

featured Investment

South Africa invests $983.83m in Nigeria despite xenophobic attacks

South African investors channelled $983.83 million into Nigeria in the first quarter of 2026 despite recurring xenophobic attacks against Nigerians and other African migrants in the country, new data from the National Bureau of Statistics has shown. The figure represents a 90.31 per cent increase from the $516.96 million recorded in the fourth quarter of […]

Investment

Afreximbank urges media to change Africa’s negative investment narrative

President of the African Export-Import Bank, Dr George Elombi, has urged African journalists to reshape the continent’s narrative to boost investment and development. Vanguard reported that Elombi, who is also Chairman of the Board of Directors of Afreximbank, made the call during a media roundtable in Abuja on Wednesday. He stressed that prevailing international perceptions […]

Investment

Anambra approves ₦200bn for new investment corporation ADIC

The Anambra State Executive Council has approved a capital base of N200 billion for the establishment of the Anambra Development and Investment Corporation with the state government committing 30 per cent of the capital. The state’s Commissioner for Information and Value Reformation, Dr. Law Mefor, disclosed this after the Executive Council meeting, stating that the […]

Policy and Regulations

PEBEC urges Borno to deepen business-friendly reforms for investment

The Presidential Enabling Business Environment Council has urged the Borno State Government to intensify business-friendly reforms to address challenges facing entrepreneurs and attract more investments to the state. The PUNCH reported that the Director-General of PEBEC, Zahrah Audu, made the call on Monday, during a town hall meeting with private sector operators and business-enabling ministries, […]

featured Telecommunications

Telecom sector attracted over $1bn investment in 2025 — NCC

The Nigerian telecommunications industry attracted over $1 billion in capital investments in 2025 leading to the deployment of more than 2,850 new network sites nationwide. This was disclosed by the Executive Vice Chairman of the Nigerian Communications Commission, Dr Aminu Maida, who also said the investment, which expanded both network coverage and capacity, underpinned improvements […]

featured Investment

FG targets private investment for economic expansion

The Federal Government has announced a strategic shift from direct economic intervention to a capital de-risking and private sector-driven growth framework under its 2026 Growth Acceleration and Investment Mobilisation Strategy. The new policy direction was disclosed in a statement issued by the Minister of State for Finance, Dr Doris Uzoka-Anite, who explained that the strategy […]

Meristem projects oil, banking sector gains amid rising crude prices
News

Meristem projects oil, banking sector gains amid rising crude prices

Investment firm Meristem Securities Limited has projected that Nigerian oil and banking stocks stand to benefit from the ongoing rise in global crude oil prices, driven largely by geopolitical tensions in the Middle East. In its latest macroeconomic and capital market update, Meristem stated that the upward trend in oil prices could carry significant implications […]

ITU announces investment to boost global connectivity
News

ITU announces investment to boost global connectivity

The International Telecommunications Union has announced investment commitments totaling $4.8 billion to enhance global connectivity. This announcement was made on Monday during the plenary of the 2024 World Summit on the Information Society (WSIS+20) forum in Geneva, Switzerland. According to the ITU, these new commitments bring the total pledges aimed at closing the digital divide […]

Nigeria, United kingdom sign historic trade, investment deal
News

Nigeria, United kingdom sign historic trade, investment deal

By Melvin Onwubuke   United kingdom secretary of business and trade, Kemi Badenoch, on Tuesday signed a deal with Nigeria to enhance trade and investment between the two countries. According to The Punch, the United kingdom secretary, Business and Trade,Kemi Badenoch and her counterpart, Doris uzoka-Anite, minister for trade and investment signed the historic deal. […]

Egypt leads Africa in foreign direct investment
Business

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 […]

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