President Bola Tinubu has said that Nigeria’s investment climate has been boosted by critical new reforms, with an array of opportunities across sectors for investors. He said this during the presentation of a letter of credence by the Ambassador of the Republic of Korea to Nigeria, Vice-Admiral Kim...
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Lagos, the economic heartbeat of Nigeria, pulsates with opportunities for investors seeking vibrant markets and dynamic growth prospects. As Africa’s largest city by population and one of its fastest-growing economies, Lagos offers a compelling and profitable environment for investment across various sectors. 10 crucial insights to consider when...
Imo State House of Assembly on Tuesday, commended Governor Hope Uzodimma for securing 1.5 billion dollars investment to the state, through the African Export, Import Bank (AFREXIM). Mr Obinna Egu (APC-Ngor Okpala) in a motion sponsored at a plenary told the House that the governor had finalised discussions...
The Organisation of the Petroleum Exporting Countries (OPEC) says the oil industry will require about 14 trillion dollars investment from now to 2045, to meet global demand. The Secretary-General of OPEC, Haitham Al-Ghais, made this known while fielding questions from newsmen on Thursday on the sidelines of the...
When it comes to purchasing property, one of the fundamental decisions that prospective buyers must make is whether to opt for a leasehold or full ownership apartment. Each type of ownership has its own set of advantages and drawbacks, catering to different preferences, financial situations, and long-term goals....
The Nigerian Exchange Ltd. on Friday recorded N138 billion growth following continued investors’ buy interest in stocks of Tier-one banks Specifically, the market capitalisation which opened at N55.900 trillion rose by N138 billion or 0.25 per cent to close at N56.038 trillion. Also, the All-Share Index rose by...
Today, we’re delving into the realm of real estate, specifically focusing on how your property portfolio should shape up in 2024. Whether you’re a seasoned investor with a track record spanning five, ten, or just a couple of years, or if you’ve taken your initial steps into investing...
President Bola Tinubu on Thursday held a meeting with the Minister of Steel Development, Prince Shuaibu Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects in the steel sector. The President emphasised that a revitalised steel development industry was both...
By OLA MUDOPE, Lagos – The Chief Executive Officer (CEO) of Nigerian Exchange Limited (NGX), Mr Temi Popoola, has said that the domestic entertainment sector, Nollywood, can help to further boost retail investor activity in the capital market due to its appeal to Nigeria’s younger generation. Popoola...
President Bola Tinubu, has assured the international investment community that his administration would ensure that Nigeria remains a top-level destination for offshore and onshore investments. The president gave the assurance when he received the Group Chairman and CEO of Total Energies Worldwide, Mr Patrick Pouyanne, on Monday...
By EZEKIEL OBI, Abuja – The lawmaker representing Kogi Central Senatorial District, Senator Natasha Akpoti-Uduaghan, has tasked the federal government to take advantage of investment opportunities in the blue economy to turn the fortunes of the country. The lawmaker stated this Wednesday when the joint Senate/House of Reps...
Oil giant Shell sees $6 billion in investment opportunities in Nigeria, especially in offshore, gas and liquefied natural gas (LNG) projects, the country’s presidency said in a statement on Friday. Nigeria, the continent’s top economy and major oil producer, is seeking to attract more foreign investment...
The Rwandan Government says the country is safe for Nigerian investors willing to do business in the country saying that the environment is also conducive for businesses to thrive. The Ambassador designate to Nigeria, Niger, Burkina Faso and Chad, Mr Christophe Bazivamo stated this during a visit to...
Afreximbank has said about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt. Kanayo Awani, Intra-African Trade Bank, Afreximbank Executive Vice-President, said this at the Post-Event Virtual News Conference held in Cairo, Egypt on Tuesday....
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has requested Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Information and Communication Technology (ICT) in...
By DAVID IORJA, Abuja – President Bola Tinubu has called for German investment in critical sectors of Nigerian economy such as power and rail transportation. Tinubu made the call at a meeting with German Chancellor Olaf Scholz, on the sidelines of the G20 Compact with Africa...
The 2023 African Investment Forum (AIF) Market Days boardrooms have secured 34.82 billion dollars in investment interest during its three days session in Morocco. The figure is higher than the 31 billion dollars investment interest secured in 2022. Dr Akinwumi Adesina, African Development Bank (AfDB) Group President announced...
By DAVID IORJA, Abuja – Saudi Arabian Government has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial support to sustain President Bola Tinubu’s government on its foreign exchange reforms. Saudi Crown Prince, Mohammed bin Salman made the pledge...
The Africa Investment Forum (AIF), has mobilised close to 142 billion dollars in investment interest since 2018. The African Development Bank (AfDB) in a statement, said the AIF was a dynamic, multi-stakeholder platform focusing on continental deal making, facilitating connections between project sponsors, policy makers and investors. To...
Mortgages play a pivotal role in the real estate sector, allowing individuals and families to own homes without the need for substantial upfront payments. In Nigeria, as in many countries, mortgages are a common means of financing homeownership. This article aims to provide a comprehensive overview of how...