CBN Clarifies Rules on Capital Importation Certificates for Forex Repatriation and Divestment
The Central Bank of Nigeria (CBN) has released a new circular providing clear guidelines on the procedures and documentation required ...
Tag: Foreign Investment
NBS Reports $3.91 Billion in Total Foreign Investment for 2023
Nigeria witnessed a significant influx of foreign loans in 2023, comprising 59.1% of the total capital importation into the country, ...
Multinationals Exit Nigeria, Posing Threat to $1 Trillion Economy Goal
In the latter half of 2023, the Nigerian business landscape has witnessed the departure of at least five major multinationals, ...
P&G Exit from Nigeria Leads to 5000 Job Losses and Foreign Investment Decline
In a significant blow to Nigeria's economy, multinational consumer goods giant Procter & Gamble (P&G) has announced its plans to ...
JP Morgan Predicts Naira at N850/$ by Year-End
In a recent projection, JP Morgan has forecasted that the Nigerian naira may trade at N850 per US dollar at ...
Nigeria Seeks $7 Billion from NLNG Dividends to Address Forex Shortage
Nigeria is pursuing a strategy to securitize five years' worth of dividends from the Nigerian LNG Limited (NLNG), with the ...
Nigerian Oil and Gas Industry Witnesses Record Low Foreign Investment in Q2 2023
The Nigerian oil and gas industry, which has historically been a significant attraction for foreign investors, experienced a surprising downturn ...
Nigeria’s Net Foreign Assets Plummet 91.7%, Is the Economy Teetering on the Brink of Collapse?
The Central Bank of Nigeria (CBN) has recently unveiled alarming statistics, revealing that Nigeria's Net Foreign Assets (NFA) have nosedived ...
Venezuela’s Petrostate Peril: Challenges and Warnings for Oil-Dependent Nations
In the annals of international economics and politics, there are stories that serve as poignant reminders of the perils of ...
Where is the Nigerian Naira Headed?
The Nigerian naira extended its slump in black-market trading at low as 1000/$ as the nation’s dollar shortage deepened two months after ...
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