AS many as 32 of Nigeria's 36 states did not attract one dollar in foreign direct investment (FDI) during the first quarter of 2022 according to a recent report just published by the National Bureau of Statistics (NBS).
Apparently, only Lagos, Oyo, Katsina and Anambra and the Federal Capital Territory (FCT) attracted any FDI...
NIGERIA'S finance minister Zainab Ahmed has dismissed recent claims by Governor Godwin Obaseki of Edo State that the federal government printed N60bn ($157m) to help fund the 2021 budget saying such allegations were not only untrue but unfortunate.
Last week, Governor Godwin Obaseki of Edo State reported that Nigeria was in...
NIGERIA'S Debt Management Office (DMO) has warned that the federal government is storing up problems for the future with its increased borrowing from the Central Bank of Nigeria (CBN).
As of December 2020, Nigeria's public debt was N32.9trn ($86.3bn) according to the most recent official data available. Of this total, ...
NIGERIA only attracted 4% of the $75bn foreign direct investment (FDI) ploughed into Africa's oil and gas sectors during the four year period between 2015 and 2019 according to the Lagos Chamber of Commerce and Industry (LCCI).
Despite being Africa's oil and gas producer and the sixth biggest crude oil exporter in the world,...
NIGERIA'S economy has lost about N700bn ($1.82bn) over the last 12 days of the #EndSars protests as the nationwide demonstrations led to a significant shutdown of economic activity according to figures just published by the Lagos Chamber of Commerce and Industry (LCCI).
Over the last two weeks, Nigerian youth have been out...
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