“Invest In Nigeria”, Uzoka-Anite Woos Foreign Investors

“Invest In Nigeria”, Uzoka-Anite Woos Foreign Investors

By Toffa Momoh, Abuja Nigeria’s Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite has called on global investors to tap into Nigeria’s vast opportunities, highlighting the country’s economic pivot and potential for sustainable growth. This appeal was made during her address at the Milken Institute Global Conference 2025, New York, USA. She stated that Nigeria is deepening intra-African trade and investment through the African Continental Free Trade Area (AfCFTA), […]

May 17, 2025 18

NEWS

Prioritise healthcare funding over foreign aid, Moghalu tells African leaders

Former presidential candidate and economist, Kingsley Moghalu, has called on African countries to prioritise healthcare funding from their own resources rather than relying on foreign aid. According to him in a statement on Friday via X, dependence on external assistance for healthcare interventions is not a sustainable strategy for the continent. Moghalu’s comments come in the wake of former U.S. President Donald Trump’s withdrawal of the United States from the […]

January 31, 2025 19

BUSINESS

Recapitalisation race: Top banks target $3bn fund in foreign capital markets

Four of the tier-1 banks in the country, FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc and United Bank for Africa Plc have indicated plans to raise about over $3.03bn (N3.46tn) in fresh capital. This came barely one month after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise.

April 15, 2024 13

BUSINESS

Foreign airlines repatriate N795bn in six months – CBN report

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines withdrew (as debits) $1.76bn (converted to naira at N451/$) in the first and second quarters of 2023. Total credit to the Balance of Payment account from airline travel was $19.39m (N8.75bn). The amount on the debit side of the balance […]

January 19, 2024 53

BUSINESS

Foreign airlines repatriate N795bn in six months – CBN report

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines withdrew (as debits) $1.76bn (converted to naira at N451/$) in the first and second quarters of 2023. Total credit to the Balance of Payment account from airline travel was $19.39m (N8.75bn). The amount on the debit side of the balance […]

January 19, 2024 67

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