July 14, 2021/United Capital Research According to a report released by Nigerian Investment Promotion Commission (NIPC), Nigeria recorded $8.4bn in investment announcement inflows in Q1-2021 of which $5.5bn was pledged by foreign investors. In comparison, the remaining $2.9bn came from domestic investors. The sum committed by foreign investors was 27.5% […]
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IMF MD Kristalina Georgieva Welcomes Board’s Backing for a New $650 Billion SDR Allocation
July 9, 2021/IMF Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), made the following statement today regarding the Executive Board’s decision supporting the general allocation of Special Drawing Rights (SDRs): “The IMF Executive Board yesterday concurred in my proposal for a new general SDR allocation equivalent to […]
Nigeria must create environment to encourage export, attract forex says Ex DG, LCCI
July 8, 2021/FICAN The immediate past Director General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf has called on the Nigerian authorities to create an enabling environment that will encourage export business and attract foreign exchange (forex). Nigerian economy, according to him, has the capacity to […]
