Tag: Investments

FG plans to raise $50m impact investment fund
Economy

Nigeria loses $18.6bn in foreign investment over four years – Report

Foreign investment into the biggest economy in Africa fell by $18.6 billion over the course of four years (2019–2022). According to The Punch, eight of the federation’s states failed to draw any foreign investment during the reporting period. Taraba, Yobe, Zamfara, Bayelsa, Ebonyi, Gombe, Jigawa, and Kebbi are the impacted states. When money enters an […]

10 things to know about capital market investment
Investment

10 things to know about capital market investment

Capital market investments have emerged as a compelling avenue for individuals and businesses alike to grow their wealth and achieve their financial goals. Understanding the intricacies and potential of capital markets is essential for those seeking to capitalize on the vast opportunities they offer. Below are 10 things that will help you understand capital market […]

Mutual funds investment hits N1.87trn in Q1 2023
Business

Mutual funds investment hits N1.87trn in Q1 2023

The total value of mutual fund investments increased by 33.1% year on year, YoY, to N1.87 trillion in the half year ending June 2023, H1’23, from N1.41 trillion at the same time in 2022, H1’22. Vanguard reported that the high-interest rate on fixed-income securities, the stock market’s upswing, and growing public knowledge of the advantages […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
featured

Sub-saharan Africa risks losing $10bn in foreign investment — IMF

The International Monetary Fund has warned that if geopolitical tension persists, sub-Saharan African nations could lose $10 billion in foreign direct investments as well as market access. Nairametrics reported that according to IMF, in an essay that was released on May 1st, countries in sub-Saharan Africa would be hurt by rising import costs or would even lose access to important […]

Investment

DMO announce 2023’s first savings bond offer

The Debt Management Office has announced two Federal Government Savings Bonds for subscription as its first bonds issuance for 2023.   In a statement on Monday, the DMO announced that one is a two-year FGN Savings Bond due in January 11, 2025, at the interest rate of 9.600 per cent per annum, while the other […]

Energy

Rwanda launches $104m green investment facility

In its bid to spur investment in private sector-led green growth through sustainable financing, Rwanda has launched a new 104 million dollars green investment facility. Rwandan President Paul Kagame said $104 million initial capitalisation was provided by the Development Bank of Rwanda and other partners. The initiative named Irene Invest was launched as a side […]

Investment

Stock investors lose N767bn in one week

Investors lost N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal Government declared Monday as a public holiday to commemorate the 2022 Democracy Day celebration. The NGX All-Share Index and market capitalisation of equities listed on […]