• Nigeria slips to 6th top investment destination in Africa

    Nigeria slips to 6th top investment destination in Africa

    Nigeria has given in its number five spot to Kenya as it slipped to number six in the list of top 10 investment destinations in Africa.

    Nigeria had held her current position (6th) in 2011, according to the sixth edition of Rand Merchant Bank’s (RMB’s) annual report.

    The latest RMB report blamed current recession for Nigeria’s slip, noting that the economy has been weighed down by a dismal economic growth outlook and weak operating environment. Nigeria is going through its first recession […]