STORY BY ABUBAKAR YAKUBU Nigeria is set to partner with Canada in order to leverage on the latter’s advanced mining technology. Minister of Solid Minerals Development, Dele Alake, who disclosed this while hosting the Canadian High Commissioner to Nigeria, Pasquale Salvaggio in his office in Abuja yesterday, assured that the collaboration will strengthen ongoing reforms […]
A South African investor and chief executive of a U.S.-incorporated firm has accused Nigerian institutions of failing to protect foreign investors, warning that the situation could further deter Foreign Direct Investment (FDI) into the country. John Townley-Johnson, CEO of Houses for Africa Holdings (HFAH), said his prolonged ownership dispute over Houses for Africa Nigeria Limited […]
Motolani Oseni The total value of capital importation into Nigeria in the first quarter of 2019 was estimated at $8.48 billion, representing an increase of 216.03per cent compared to Q4 2018 and 34.61 per cent increase compared to the first quarter of 2018, the latest data by the National Bureau of Statistics (NBS) has revealed. […]
Foreign exchange liquidity risk may remain high due to weak Foreign Direct Investment (FDI) inflows into the country, notwithstanding the nation’s efforts to diversify the economy and boost forex revenue in the face of sharp drop in oil sector, a Proshare fourth quarter (Q4) 2016 economic strategic report and outlook 2017, has revealed. While […]