Tag Archives: Foreign Direct Investment (FDI)

Nigeria’s telecommunications sector has received a significant boost with a remarkable 125.23% surge in Foreign Direct Investment (FDI) during the first half of 2024. Data from the National Bureau of Statistics (NBS) disclosed that the sector attracted $304 million in FDI in six months, marking a substantial increase compared to …

Nigeria’s stock market has witnessed a surge 338.72% in May 2023 as Foreign Portfolio Investments, FPI rises to N37.16 billion. This is coming following the myriads of challenges relating to foreign exchange and the difficulty in repatriating their funds. According to report, it is believed that they were betting on …

Omotolani Adeyanju writes in from Lagos The Nigerian economy for some time now has stayed very volatile and highly unpredictable. But in spite this, the economic environment has witnessed relative stability, with investment windows of opportunities open to investors. This feat can be attributed to the economic management approach of …

The Federal Government has introduced a new policy targeted at reducing capital flight in the telecoms sector. According to the policy document approximately $2.16 billion outflow of foreign exchange is recorded in the telecoms sector annually. The policy also stated that the Nigerian telecom sector has experienced a lot of …

 …As Revenue Rises by 3% in January The Central Bank of Nigeria (CBN) has disclosed that the Federal government has generated the sum of N869.13billion from Non-Oil sectors between December 2020 and January 2021. This is in contrast to the N772.15 billion revenue generated by the oil sector for the …

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency market. They said this at a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in …

Coming after three years of continuous fall of Foreign Direct Investment (FDI) into Nigeria’s telecommunications industry, the capital importation has bounced back. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said that the telecoms sector has pulled in Foreign Direct Investment of $930 million. …

Building on the fact that Information and Communications Technology (ICT) has leapfrogged Oil and Gas in contribution to Nigeria’s GDP, the Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami has disclosed that the Federal Government of Nigeria has officially directed security agencies to protect telecom infrastructures against …

To address the decline in telecommunications contribution to Nigeria’s Gross Domestic Product (GDP) in Q3 2019, stakeholders has tasked Federal Government on making friendly policies that will attract more Foreign Direct Investment (FDI). They maintained that lesser FDI and activities of Over-the-Top  (OTT) services are largely responsible for the fall …

….Tasks operators to bridge connectivity gaps innovatively A global telecommunication equipment vendor, World Telecom Labs (WTL) has described Nigeria as the best country in Africa to invest for good telecommunications business. This is coming against the view that absolute network coverage cannot be achieved due to the huge land mass …