The Nigerian National Petroleum Company Limited (NNPCL) has urged foreign investors and international business to be cautious of scammers, who pretend to represent the firm. Its Chief Corporate Communications Officer, Mr. Olufemi Soneye issued the warning in a notice in Abuja. The notice reads in part: ‘The general public is advised to beware of individuals and companies falsely claiming to …

Foreign investors have pulled out N420.37 billion from the Nigerian equities market in the first quarter of 2025. The amount, according to the latest data from the Nigerian Exchange, represent a 251 per cent increase in capital flight compared to the N119.81 billion recorded in the same period in 2024. The most dramatic shift occurred in March 2025, when total …

The world’s leading breweries are investing more than N800 billion in the Nigerian Breweries (NB) sub-sector in major boosts to the country’s quest for foreign direct investments (FDIs). Regulatory documents obtained yesterday showed that foreign majority investors are injecting some N800 billion in Nigeria’s two largest brewers- Nigerian Breweries (NB) Plc and International Breweries (IB) Plc, the largest recapitalisations in …

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday disclosed that foreign investors are already moving funds into the country to invest in Nigerian banks under the ongoing recapitalisation exercise. Cardoso who stated this at the Afrinvest 2024 Banking Sector Report Launch in Abuja, yesterday, said that his team was vigilant and would not allow illicit …

Foreign investors have committed $822.6 million to the economy through the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The NAFEM is the market trading segment for investors, exporters and end-users that allows for forex trades to be made at exchange rates determined based on prevailing market circumstances, thus ensuring efficient and effective price discovery in the forex market. The NAFEM …

Kogi State Governor, Alhaji Ahmed Usman Ododo has vowed to make the state an attractive investment destination for local and foreign investors. Ododo pledged this in his inaugural speech on Saturday in Lokoja. According to the new governor of Kogi State, his administration will be aggressive, deliberate and strategic in making the business environment attractive. “Kogi has all it takes …

President Bola Tinubu, on Monday, in Berlin, Germany, told international investors that beyond Nigeria’s natural resources, the people of Nigeria, who are highly educated, highly skilled, and naturally industrious are the primary asset and advantage the country wields over other nations in the global race for new investments. The President spoke at a panel discussion titled, ‘Fostering local value chains …