Friday, October 04, 2013 8.28 AM / FDC Nigeria ranked 120th out of 148 countries on the Global Competitiveness Index (GCI) 2013-2014, representing a five-place drop from 115th position last year. With the ongoing efforts to diversify the economy from oil dependency, the increase in foreign direct investments, and continuous […]
Tag: Nigeria
Foreign investors seen warming to Nigeria’s power sector-official
* Most power assets have so far gone to local oligarchs * Power task force head says foreign interest growing * Nigeria selling sector to try to end crippling blackouts The initial sell-off of state power assets, designed to end decades of electricity shortages, mostly attracted local oligarchs, while foreign […]
Osun State issues Nigeria’s debut sukuk at 14.75 pct -bankers
* Osun State issues Nigeria’s first sukuk -bankers * Nigeria tapping into growing demand for Islamic debt Nigeria’s Osun State has issued a 10 billion naira ($62 mln) sukuk yielding 14.75 percent, bankers said on Wednesday, the first Islamic bond from a major economy in sub-Saharan Africa. The cocoa-producing, southwestern […]
