Politics of PIB delaying deep pocket investors in oil industry—NNPC boss
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has linked the near scare investors in the nation’s oil and gas sector in the last couple of years to the non-passage of the Petroleum Industry Bills (PIBs)…
Africa: Morocco joins S’Africa as leading investment destinations, Nigeria lags behind
South Africa shares the title of largest African Foreign Direct Investment (FDI) hub with Morocco; Southern, West, East and North Africa all receive more or less equal FDI (measured in project numbers); The USA remains the single biggest country investing…
Fading capital import, fleeing stock investors responding to election fever—Expert
Development economist, Dr. Ken Igboanugo has traced rising drop in capital imports to shocks emanating from fear-laden build up to 2019 elections. He said due to fears already built into the minds of portfolio foreign investors, there has been a…
Strategic business activities that shaped Nigerian economy last week ending May 12
The business week in review took off with the National Bureau of Statistics’ (NBS) capital importation report for the first quarter of 2018 shows that Nigeria imported total capital of USD6.30 billion during the period, representing 594.03% y/y and 17.11%…
Foreign e-Commrece, shopping malls investors don’t grow economy but kill
…Need for local content in percentage of goods on sale stressed Contrary to trending belief that the sudden surge in foreign e-Commerce and shopping malls operators into the economy translates to answers to the Federal Government’s quest for foreign direct…
Fast return on investment to drive NCC’s trajectory at ITU 2017 in Korea
Indications have emerged on the pivot on which the Nigerian Communications Commission’s (NCC) participation will stand as it gives finishing touches to Nigeria’s build up to the International Telecommunications Union (ITU) Telecom World 2017. The yearly global event hosted by…
Microsoft did damage to Nigeria’s FDIs’ drive by that relocation statement—Experts
Industry analysts have taken a swipe on the management of Microsoft, not just for deciding to move its announced Nigeria bond $30bn twin data centre investment to South Africa, but for issuing a worldwide statement capable of misleading other deep…
