By DAVID IORJA, Abuja – Nigeria’s solid minerals sector, driven by the Tinubu administration’s new policy of local value addition and a tightened licensing regime, attracted over $800 million in processing projects last year. The sector also generated over ₦38 billion in revenue in 2024, up from just ₦6 billion...
investment
President, Dangote Group Alhaji Aliko Dangote, on Wednesday advised governments at all levels to encourage domestic investors, nothing that only local investors can attract foreign investors in Nigeria. Dangote gave the advice at the Taraba International Investment Summit (TARAVEST) 2025 held in Jalingo. The News Agency of Nigeria reports...
TMinister of Information and National Orientation, Alhaji Mohammed Idris, has said the President Bola Tinubu-led administration has attracted over $450 million into the development of Nigeria’s Compressed Natural Gas (CNG) value chain. Idris stated this during his remarks at the Nigeria Public Relations Week (NPRW 2025) on Tuesday in...
The Presidency has said Nigeria attracts over 8 billion Dollar (about N12.8 trillion) investments in deepwater projects and gas Final Investment Decisions (FIDs) in one year. Olu Verheijen, Special Adviser on Energy to President Bola Tinubu disclosed this on Wednesday, at the 2025 Africa CEO Forum holding in Abidjan,...
Vice-President Kashim Shettima said with critical reforms in key sectors of the economy, Nigeria is ripe for investments. Shettima stated this on Tuesday when he hosted a delegation from the Islamic Development Bank (IsDB), at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the delegation...
President Bola Tinubu has said Nigeria is ready to partner Qatar to explore opportunities in the agricultural sector. The President said this while receiving Dr Mohammed bin Abdulaziz Al-Khulaifi, a special envoy from the Amir of the State of Qatar, at the State House on Friday. Al-Khulaifi, Qatar’s Minister...
The Nigerian stock market opened the week on a bullish note on Monday, gaining N228 billion on the Nigerian Exchange Ltd. Market capitalisation rose by N228 billion or 0.34 per cent and closed at N66.693 trillion compared to Friday’s figure of N66.465 trillion. Similarly, the All-Share Index (ASI) climbed...
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured investors that Nigeria is safe for investment. Edun said this at the Nigeria Investment Forum, at the ongoing World Bank/International Monetary Fund (IMF) Meetings in Washington D.C. on Wednesday. According to the Minister, efforts are geared...
Kano State Government has said it will attract over 10 billion dollars investment in renewable energy and solid minerals development from its partnership with prestigious Moroccan companies in the next five years. The state government also said the stage was set for the signing of a series of investment...
A Coalition of Civil Society Organisations has called for investigation into the $1.5 billion investment in Port Harcourt Refinery by the immediate past Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mr Mele Kyari. The coalition, Situation Room on Transparency and Accountability, led by its Convener,...
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has advised African countries to overhaul their development models, embrace investment-led strategies instead of continuing to rely on aid for economic growth. Adesina gave the advice while delivering a keynote at the 14th Convocation Ceremony of the National...
By AMOS MATHEW, Kaduna – The Ambassador of Italy to Nigeria, His Excellency, Lacopo Foti, has expressed his country’s readiness to support Kaduna State Government’s investment drive, by encouraging Italian companies to invest in the State. Mr Foti who made the pledge when he paid a courtesy call on...
Vice-President Kashim Shettima has said Nigeria is on a new growth trajectory, welcoming investments across different sectors. Shettima said this on Tuesday at the Presidential Villa, Abuja, during an update meeting with some Ministers and Heads of agencies ahead of the forthcoming Nigeria-Brazil Strategic Dialogue Mechanism. According to Shettima,...
Start investing at your level. Don’t wait until you get big money before you invest. It is by investing small that you will eventually get big money Never buy a new phone or car until you have a cashflow asset (use second-hand until then) Make a budget before you...
) The World Bank has announced that it has earmarked 1.2 billion dollars for investment in girls’ education across 18 states. The states include; Borno, Ekiti, Kebbi, Kaduna, Plateau, Katsina, Kano, Adamawa, Kogi, Nasarawa, Niger, Bauchi, Jigawa, Yobe, Kwara, Gombe, Sokoto and Zamfara. The World Bank Country Director, Mr...
A circle has no beginning or end. Therefore, if you want your wealth never to finish, then you must circulate it. When money comes to you (and money will come to everybody at some point), invest it. When profit comes, spend some of it on your needs and reinvest...
Ghana’s president-elect, John Dramani Mahama, has pledged to revamp the cocoa sector and reorganise the state-run regulator, aiming to stimulate growth and improve efficiency in the world’s second-largest cocoa producer. In an interview with Reuters on Friday, he criticised the cocoa industry structure where the cocoa marketing board (COCOBOD)...
The Senate, on Wednesday, passed the Investment and Security repeal and re-enactment Bill, 2024. The News Agency of Nigeria (NAN) reports that the passage of the bill followed the adoption of report of Committee on Capital Market at plenary. NAN also reports that the report was presented by Chairman...
You can buy and sell US stocks from Nigeria and make a killing on the stock exchange. Investing in shares comes with risks, so take your time to study the market. Be driven by knowledge, not by greed. Greed based investment will bleed you, but knowledge based investment can...
The Nigerian stock market opened with its bearish momentum on Monday to record N123 billion loss. Selloffs in Tier-one banking stocks namely, Guaranty Trust Holding Company(GTCO), Zenith Bank and FBN Holdings, underpinned the market’s weak performance. The market capitalisation, which opened at N59.292 trillion, shed N123 billion or 0.21...