United States High Commission Consul General John Bray has said an estimated $1.3billion American businesses in Nigeria are currently under threat. The threats, according to him, are coming from instability in exchange rate, policy inconsistency, poor electricity, dearth of infrastructure, regulatory and security issues. Bray spoke in Lagos at the 2018 International Investment Conference with […]
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Foreign investments rise 138.7% to $12bn
The total capital importation into the country, comprising of both Foreign Direct Investments (FDI) and Foreign Portfolio Investments (FPI), more than doubled in 2017, surging by 138.7 percent year-on-year (YoY) to $12.2 billion from $5.1 billion recorded in 2016, a pointer to the soaring confidence of foreign investors in the Nigerian economy.
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