Following the Central Bank of Nigeria (CBN) policy of increased interest rates for foreign investors, Nigeria’s external reserves grew by $7.7 billion within 11 months from...
The Central Bank of Nigeria (CBN) has announced that remittance inflows in July 2024 surged to a record $553 million. This represents a 130% increase compared...
Nigeria is poised to see its capital inflows reach a five-year high, according to a recent report by Afrinvest (West Africa) Limited. This notable growth reflects...
The Nigerian banking sector experienced a significant downturn in foreign capital inflow in 2023 with figures plunging to $832.64 million, a 60% drop from the previous...
Nigeria’s foreign investment inflow has experienced a significant decline of $18.6 billion over a four-year period from 2019 to 2022, according to data released by the...
Nigeria’s economic landscape is aglow with optimism as the country welcomes a substantial influx of capital in the first quarter of 2023. According to the Central...
Nigeria has been grappling with a foreign exchange crisis but recent data offers a glimmer of hope, indicating a positive shift in the country’s economic outlook....
Government-led Reforms Offer Hope for Economic Revival and Increased Foreign Investment in Nigeria
Capital inflow into Nigeria's oil sector has dropped by more than 82 percent in the second quarter of 2022.
In the last five years, the banking sector has attracted $15.8 billion in Foreign Direct Investment (FDI)