• Anti-graft war is boosting foreign investors’ confidence – EFCC

    Anti-graft war is boosting foreign investors’ confidence – EFCC

    According to reports, the anti-graft agency in Nigeria says the fight against corruption by the President Muhammadu Buhari’s administration has redeemed the image of Nigeria in the international community and has also encouraged foreign investments in the country.

    The Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, made the assertion on Monday when he visited the headquarters of National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN), in Kaduna State.

    Speaking to reporters during the visit, the EFCC […]

  • FG urged to open up education sector for foreign, domestic investors

    FG urged to open up education sector for foreign, domestic investors

    As public funds shrink following the current economic recession, the federal government has been urged to adopt innovative approach in financing the education sector in

    The Convener of the Initiative, Education Sector Investment Promotion, Arete Amana, and the Nigerian Investment Promotion Commission made the call in Abuja at a workshop on the need to broaden the source of financing the Nigeria Education Sector.

    Amana who stated that government need to realise the contents of Ministerial strategic plan, the cost of implementing the […]

  • Nigeria needs infrastructure, not iPhones – Adeosun tells donors, investors

    Nigeria needs infrastructure, not iPhones – Adeosun tells donors, investors

    According to reports, the Minister of Finance, Mrs. Kemi Adeosun, has informed multilateral donor institutions and investors that Nigeria is hungry for infrastructure that can trigger growth, not iPhones and pricey suits that will drive consumption.

    Adeosun spoke Wednesday night at a session during the International Monetary Fund (IMF)/World Bank annual meetings in Washington D.C., saying investors must start to realise that western economies are matured and offer lower returns, while Africa with its infrastructure gap offers greater returns.

    The minister made […]

  • Stock market investors gain N6bn

    Stock market investors gain N6bn

    Investors in the Nigerian stock market, yesterday gained N6 billion from their investment in shares.

    NSE-ASI gained 16.05 absolute points, representing an appreciation of 0.06 per cent to close at 28,263.16 points. Similarly, the market capitalization gained N6 billion to close at N9.709 trillion.

    The upturn was strongly impacted by price appreciation recorded in some large capitalized stocks amongst which are, Flour Mills, Cadbury Nigeria, Total Nigeria, Nigerian Breweries and Dangote Cement.

    Analysts noted, “Following yesterday weak volume traded and outlook, we expect […]

  • Why Lagos is experiencing influx of investors, tourists daily – Ambode

    Why Lagos is experiencing influx of investors, tourists daily – Ambode

    Lagos State Governor, Akinwunmi Ambode, on Saturday said the State has witnessed significant influx of investors and visitors in recent times, saying it was largely due to the aggressive upgrade of infrastructure, especially road construction and rehabilitation.

    Governor Ambode, who spoke in Somolu Local Government at the climax of the inauguration of 114 roads constructed across the 20 Local Government Areas (LGs) and 37 Local Council Development Areas (LCDAs), said each infrastructure provided has further improved the status of Lagos, both […]

  • Recession: Investors are afraid of Buhari, withholding their money – Ben Bruce

    Recession: Investors are afraid of Buhari, withholding their money – Ben Bruce

    Senator representing Bayelsa Central Senatorial District, Ben Murray Bruce (PDP) on Tuesday came hard on President Muhammadu Buhari’s approach to governance in the face of economic recession, describing it as frightening even to domestic investors.

    In his contribution on the floor while suggesting possible ways out of Nigeria’s economic quagmire, Bruce said Buhari’s style of governance with regards to fighting corruption was not in agreement with the 21st, as people are now being chased around by anti-graft agencies.

    Explaining the hypothesis of […]

  • FG offers 3-year tax holiday to investors

    FG offers 3-year tax holiday to investors

    As part of measures to incentivise investments in the  Nigerian mining sector, the Federal Government yesterday offered prospective investors a  three-year tax holidays.

    Speaking at the opening session of the ongoing Africa Down Under Conference in Perth, Australia recently, Minister of Solid Mineral Development, Dr. Kayode  Fayemi, said the country was determined to return stronger to the global ore and mineral market to drive the growth and development of the sector through the private sector.

    He said that the tax holiday would […]

  • Stop using heavy tax to scare investors, Otti tells South East governors

    Stop using heavy tax to scare investors, Otti tells South East governors

    The former Group Managing Director of Diamond Bank Plc, Dr Alex Otti, has called on governors of the South East states to refrain from using contractors in their revenue drive.

    Speaking on Wednesday at the ongoing Enugu State Investment Summit, Otti said that the time was rife for the chief executives of the states to harmonise their tax regimes to attract investors.

    The former governorship candidate in Abia who spoke on South East Economic Integration with the theme: “Finance Opportunities for Regional […]

  • Ambode reveals new initiative to attract investors

    Ambode reveals new initiative to attract investors

    Akinwunmi Ambode, Lagos State Governor has unveiled the Office of Overseas Affairs and Investment, also known as ‘Lagos Global’, in line with his administration’s efforts to boost ease of doing business in the state, as well as to actualize the state’s vision of becoming Africa’s model megacity and financial hub.

    At the official presentation in Lagos recently, Ambode, who was represented by the Secretary to the State Government, Mr. Tunji Bello, said the initiative was also part of the commitment of […]