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Former presidential candidate Peter Obi criticized the economic value of recent foreign state visits by Nigerian leaders, arguing that international diplomacy must yield measurable benefits for local citizens. Speaking following President Bola Tinubu’s three-nation tour, the former Labour Party standard-bearer asserted that foreign travel should not serve as tourism or a fashion parade for government…
Africa remains a footnote in the global capital market, trapped in a narrow corridor of four to six per cent of global Foreign Direct Investment (FDI). A March 2026 report by the Pan-African Manufacturers Association (PAMA) reveals a continent struggling to move beyond the periphery of global manufacturing. While global FDI rose by 14 per…
The global appetite for Nigerian bank stocks is returning. The Central Bank of Nigeria (CBN) has revealed that offshore sources provided 28% of the total funds raised in the ongoing bank recapitalisation exercise. Hakama Sidi-Ali, the CBN’s Acting Director of Corporate Communications, shared these figures on Friday at the Enugu International Trade Fair. She argued…
Nigeria attracted $6.44 billion in capital importation in the fourth quarter of 2025, the National Bureau of Statistics has revealed, marking a 26.61 per cent rise from the $5.09 billion recorded in the same period of 2024. Data released by the NBS on Wednesday also showed a 7.13 per cent quarter-on-quarter improvement from the $6.01…
The United Kingdom has been identified as the largest source of capital importation into Nigeria during the third quarter of 2025, contributing nearly half of all foreign capital inflows recorded in the period, according to official data released by the National Bureau of Statistics. Figures published by the NBS on its X handle on…
The United Arab Emirates has projected a massive ten-billion-dollar investment push into the Nigerian economy. This ambitious financial commitment emerged during the high-profile Investopia Global Africa summit held in Lagos Nigeria on Monday. Emirati officials indicated that these funds will primarily target the infrastructure, digital economy, and renewable energy sectors. This strategic announcement signals…
