Investment Archives

Only four Nigeria states attract foreign investment in Q4 - Report

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 […]

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5th January 2024
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News Tech

Sony to invest $10m in African entertainment startups

The Sony Group on Wednesday announced the launch of Sony Innovation Fund: Africa (SIF: AF), a programme that will aid the expansion of entertainment companies in Africa. Tokyo multinational conglomerate Sony Ventures Corporation (SVC) has set aside $10 million for early-stage entrepreneurs in the gaming, music, film, and content distribution industries. This fund targeted at […]

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11th October 2023
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FG plans to raise $50m impact investment fund

Economy

Why Nigeria is favourite investment destination after China, India – Edun

The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has declared that after China and India, Nigeria is the largest economy that investors are interested in. Edun offered this perspective on Tuesday while briefing journalists on the sidelines of the ongoing World Bank/International Fund Annual Meetings in Marrakech, Morocco. He stressed the significance […]

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11th October 2023
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World Bank bans Nigerian companies, CEO over fraudulent practices

Business

Nigeria to get funding for ID4D project – World Bank

The World Bank has said that Nigeria will now receive funds from the World Bank for the implementation of its Identity for Development initiative because the country has enacted a data protection law. The signing of Nigeria’s data protection law into law satisfied the requirement for the release of funds from the International Development Association, European […]

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13th July 2023
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Investment company VFD Group has announced plans to raise fresh capital amounting to N32.5 billion through a combination of equity and debt, following approval from its shareholders.

Business

VFD Group to raise N32.5bn through equity, debt

Investment company VFD Group has announced plans to raise fresh capital amounting to N32.5 billion through a combination of equity and debt, following approval from its shareholders. According to Premium Times, the Lagos-based firm, which operates in various sectors including banking, real estate, energy, hospitality, and technology, intends to secure N12.5 billion from stockholders through […]

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12th July 2023
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UK sets £40bn target for education exports by

Cashew industry generates over $400m from export –

Nestlé ‘recovers all plastic’ placed on Nigerian market

Tinubu approves commercial oil exploration at Tongeji Island,

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Tag: Investment

Foreign investment in manufacturing sector falls by 54% – NBS

Sony to invest $10m in African entertainment startups

Why Nigeria is favourite investment destination after China, India – Edun

Nigeria to get funding for ID4D project – World Bank

VFD Group to raise N32.5bn through equity, debt

NELFUND disburses ₦1.326bn to 6,308 UNILAG students

Nigerian nurse loses Australian licence after sleeping on.

Tinubu’s reforms yielding greater benefits than critics admit.

Otti promises automatic jobs to outstanding NYSC members.

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