Saudi Arabia is entering a new phase of its ambitious “Vision 2030” economic transformation as the Kingdom begins to quietly relax its long-standing prohibition on alcohol. This strategic adjustment, which includes the opening of the first specialized liquor store in Riyadh specifically for non-Muslim diplomats, signals a significant test of the limits of social reform. […]
The Vice Chairman of Tantita Security Services Limited, the firm spearheaded by Government Ekpemupolo (popularly known as Tompolo), has engaged a high-profile United States lobbying firm to strengthen diplomatic and strategic relations between Nigeria and the U.S. The contract, valued at $720,000, was formalized in early February 2026. This move is intended to facilitate higher-level […]
Nigeria recorded a sharp rise in capital inflows in the first quarter of 2025 — but most of the money came from short-term investments. A review by Daily Times shows that the bulk of the capital was not in the form of long-term commitments that could support broader economic growth. According to the latest report […]
A latest report by the United Nations Conference on Trade and Development( UNCTAD) has revealed that Foreign Direct Investment (FDI) flows to the Global South, which includes Nigeria and other African countries, dropped to $841 billion in a global context of weak investment and economic uncertainty. FDI is an important source of capital for infrastructure […]
Mathew Dadiya, Abuja Vice President Yemi Osibanjo (SAN), has said that the Foreign Direct Investment (FDI) inflow into the African region is expected to hit $75.5bn by the end of the year describing the continent of as a land of immense opportunities. FDI is an investment made by a company or individual in one country […]
Joy Ekeke KPMG has disclosed that Foreign Direct Investment, FDI, into the Nigeria digital space over the last year is almost $1 billion, with the most significant investments going to e-commerce and payment platform companies. Speaking during a press briefing on KPMG Digital Summit 2017 themed: “Leading through Digital,” in Lagos, Boye Ademola, Partner and […]
The Federal Government will be willing to work with the British authorities to stimulate more direct private sector investments in Nigeria, the Minister of Budget and National Planning, Senator Udoma Udo Udoma has said. The Minister told a delegation of British government officials led by the Secretary of State for International Development, Priti Sushil Patel, […]