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Tinubu blames privatization for current power sector crisis

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Tag: Investments

Investment

Nasarawa attracted $2.3bn investments in four years — Official

Nasarawa State has attracted over $2.3 billion in investments between 2022 and 2025 since the inception of its first investment summit. The Managing Director and Chief Executive Officer of the Nasarawa State Investment and Development Agency, Ibrahim Abdullahi, disclosed this on Thursday in Lafia while unveiling the third Nasarawa Investment Summit. The summit is scheduled […]

Investment

Nigeria’s reforms attracting strong domestic, global investments – NGX

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships. The News Agency of Nigeria reported that Popoola made this known while speaking at the Nigeria–United Kingdom Investment Roundtable organised by […]

Investment

IFC commits $2.1bn portfolio as VP Tafara visits Nigeria

The Vice President for Africa at the International Finance Corporation, Ethiopis Tafara, will visit Nigeria from January 29 to February 4, 2026. The visit forms part of IFC’s continued engagement to strengthen private sector development and investment-led growth in the country. During the visit, Tafara will meet with senior government officials, private sector leaders, financial […]

LG association accuses finance commissioners of obstructing FAAC funds
featured Investment

FEC approves policies to attract over $15bn digital investments

The Federal Executive Council has approved four key policy initiatives aimed at attracting over $15 billion in investments and strengthening the country’s intellectual property, digital trade, and service export sectors within five years. The new policies are projected to achieve ambitious targets by the year 2030, including creating one million decent jobs in the service […]

New SEC regulation to enhance transparency in bank recapitalization
Investment

SEC warns Nigerians against fake online investment platforms

The Securities and Exchange Commission has warned Nigerians to be wary of online investment platforms promising unrealistic returns, describing them as potential traps for unsuspecting investors. Director-General of the Commission, Emomotimi Agama, issued the warning during an interview on Channels Television’s Business Morning programme on Tuesday. Agama stressed that registration with the SEC remains the […]

Why naira-dollar can't be stable - Minister
Business

Nigeria needs $80bn investments for Agenda 2050 – Minister

The Minister of Budget and Economic Planning, Sen. Atiku Bagudu, stated that Nigeria needs at least $100 billion in investments to accomplish the Nigeria Agenda 2050, with the private sector likely to contribute more than 80%. According to Arise TV,  the minister made this revelation while discussing the 2024 budget. He emphasized the importance of private capital in propelling […]

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 […]

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