Nigerian investors remain cautious
By CNBC Africa
17 March 2016 |
4:00 pm
According to the National Bureau of Statistics; total capital importation was down 53.53 per cent year-on-year in 2015. The current devaluation policy has led to a continued decline in capital inflows as foreign investors adopt a wait approach.
Related
Related
3 days ago
The European Commission on Wednesday announced it is launching an investigation into Chinese public procurement of medical devices.
4 days ago
The German government revised its economic growth forecast for 2024 marginally from 0.2% to 0.3%, Economy Minister Robert Habeck confirmed on Wednesday afternoon.
3 days ago
Private sector players are urging the Nigerian government to suspend the increase in electricity tariff for band A customers, citing the recent appreciation of the naira, a part of the determining factor for the tariff. Segun Ajayi-Kadir, Director General of the Manufacturers Association of Nigeria, joins CNBC Africa for this and more.
3 days ago
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
1 day ago
Meta announced a 27 percent jump in Q1 revenues but still saw shares tank after hours, amid fears over the social media giant's increased capital expenditure on AI infrastructure.
1 day ago
Nigeria has revoked 924 dormant mining licences while calling on investors to apply for the licences offered on a first-come, first-served basis. Meanwhile, the Lagos Chamber of Commerce and Industry is urging the government to review the mining industry strategy to attract mineral exploration investments, reignite mining project development, and accelerate new mineral discoveries.
Latest
1 day ago
From calls for restraint and acknowledgments of Israel's right to defend itself to political finger-pointing — here's how world leaders reacted to Iran's attack on Israel.
1 day ago
Iran has accused Israel of conducting a deadly airstrike against its embassy in Syria. Tehran has now threatened to retaliate, amid growing fears the conflict in Gaza could spread. Here's what you need to know.
1 day ago
The Nordic model encompasses a strong welfare state, protection of workers through collective bargaining, good pension schemes and low levels of poverty. This system has gone hand-in-hand with a progressive approach to issues like gender equality and maternity or paternity leave. But the social model has come under pressure from the trends affecting Europe as a whole, such as Covid debt, inflation and the cost-of-living crisis, the demands of the green transition and – some would say – pressure from migration. We focus on the Nordic model as part of our series on groups of countries or regions within the EU.
1 day ago
Palestinian authorities are calling for the UN to investigate what they call "war crimes", after reporting hundreds of bodies found in mass graves around hospitals in Gaza after Israeli raids. Some bodies were reported to have their hands tied or be stripped naked – although Israel calls the claims "baseless", saying it "examined" bodies buried by Palestinians in a bid to locate its hostages.
1 day ago
In October 2023, for the first time in the history of the Catholic Church, women were allowed to participate in and vote at the Synod of Bishops, a religious gathering that had previously been reserved only for bishops.
1 day ago
Brazil and Colombia experienced a "remarkable" decrease in forest loss in 2022 and 2023, a new report finds. The two countries are home to the Amazon rainforest, one of the world's greatest weapons against climate change.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.