Nigeria’s capital importation rose to $21 billion in the first 10 months of 2025. The figure marks a 75 per cent increase from the $12 billion recorded in the same period of 2024. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this during the 2026 budget defence before the Joint House of …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified 50 oil blocks that will be offered to interested investors during the 2025 petroleum licensing round. The Commission had earlier announced that the 2025 petroleum licensing round would take effect from December 1, 2025. It also clarified that the exercise, which is being conducted …
The United States President Donald Trump has signed an executive order certifying that his plan to sell Chinese-owned TikTok’s U.S. operations to American and global investors meets the national security requirements of a 2024 law. The new U.S. entity will be valued at about $14 billion, Vice President JD Vance said, far below analyst estimates …
By Esther Ososanya Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared the country “open for business” and ready to welcome global and domestic investors, citing a combination of improved macroeconomic indicators, fiscal reforms, and targeted policy measures under President Bola Ahmed Tinubu’s administration. The declaration, made during a press …
