Due to uncertainty that surrounded last year general elections, investments into Nigeria dropped by 67 per cent to $29 billion, against $90 billion attracted in 2018, the Nigerian Investment Promotion Council (NIPC) has revealed. NIPC in its new report explained that 2019 being a year may have contributed to the perception of the economy, and ultimately […]
The Lagos state government has assured residents that the year 2020 budget of N1.169 trillion will promote massive investments in critical sectors of the economy which will increase the Gross Domestic Product (GDP) of the state. The Commissioner for Economic Planning and Budget, Sam Egube, who gave the assurance during a press conference on the […]
Nigeria has attracted a total of $9.29bn investments for the third quarter of 2019, the Nigerian Investment Promotion Commission has announced. The NIPC said the announcements were tracked through the NIPC Intelligence Newsletters, which are issued 6 days a week. In it’s investment report for the quarter which is usually premised on its newsletter sent out […]
Abuja – The Nigerian Investment Promotion Commission (NIPC), says it has collated 9.29 billion dollars investments in the country in the third quarter of 2019. Ms. Yewande Sadiku, NIPC Executive Secretary made this known on Friday in Abuja at a news conference. Presenting the investment report, Sadiku said that a total of 13 projects across […]
…Investors FX window records turnover of $744m in 3 days …External reserves shed $244. 4m in one week Uncertainty surrounding 2019 elections, coupled with security concerns in different parts of the country and low interest rates on Federal Government (FGN) bonds, have all been linked to reasons investors are holding back their investments in the […]
Several ongoing key oil and gas projects in Nigeria, in the next seven years, will receive huge investments boast by the International Oil Companies (IOCs) with as much as N6.23 trillion ( $17.3 billion, so says a global data report on oil and gas. According to the report, a capital expenditure of $40.7 billion is […]
LAGOS State Governor Akinwunmi Ambode, of Lagos state on Thursday said the state has led the way in reducing waste while increasing productivity, pointing out that the gain was partly the result of the extensive investments in knowledge and skills by his administration. Governor Ambode disclosed this while speaking at the training session for top […]
….Set to increase crude production by 39000 bp/d Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL)have executed the second and final phase of an Alternative Financing Agreement. A statement signed by the Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, on Sunday, in Abuja, said the agreement was signed in London, […]
Investors with keen interest to have returns on their investments need to boost their portfolio, in addition to investment in stocks, treasury bills and bonds, mutual funds also need to be considered. This helps to diversify portfolio, through mixing bond funds with stocks funds, and including domestic and overseas funds, this entails rebalance funds annually […]
A new KPMG report has disclosed that following the reported coming out of recession by Nigeria, Consumer Goods, Financial Services, Telecommunication, Media & Technology and Oil & Gas sectors are the most sort after sectors by foreign investors, saying these sector accounted for about 80 per cent of recent inbound investments into the country. The […]
Cross section of capital market stakeholders have called for restoration of market investor confidence , as the Nigerian Stock exchange(NSE) records great feat in market development and returns on investments. The call was coming as the NSE has emerged as the world’s best performing market in terms of returns on investments in the month of […]
Nestle Nigeria Tuesday declared a turnover of N143.32 billion for the financial year ended December 31, 2014, which also, represents eight per cent increase over N133.84 recorded in the corresponding period of 2013. Speaking at the company Annual General Meeting in Lagos, the Chairman, Mr. David Ifesulike told shareholders that the food and beverages giant, […]
In its bid to return Unilever Nigeria to profitability, Unilever overseas last week opened an offer to increase its equity stake in Unilever Nigeria from 50.10 per cent to a maximum of 75 per cent which has been approved by the Securities and Exchange Commission and Nigerian Stock Exchange. The offer provides shareholders who […]
Some capital market operators are advocating the ploughing back of the nation’s N50 billion unclaimed dividends in the Nigerian bourse. The operators are seeking the approval of Securities and Exchange Commission (SEC) for this to happen. According to them, investing a fraction of unclaimed dividend in the market would assist in boosting liquidity. […]