Abeokuta, July 27, 2025 The Ogun State Government has sealed a strategic partnership with Arise Integrated Industrial Platforms (Arise IIP) for the development of a $2 billion garment manufacturing facility, marking one of the largest investments in Nigeria’s textile and apparel sector. The landmark agreement was formalized in Abeokuta with Governor Dapo Abiodun emphasizing the
The Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, has revealed that the Petroleum Industry Act (PIA) 2021 has attracted over $16 billion in investments into Nigeria’s oil and gas sector and significantly boosted crude oil production. Speaking during a stakeholder engagement in Abuja on Saturday, July 13, 2025, Kalu said the PIA
As of June 2025, the Nigerian investment landscape has been significantly shaped by ten standout mobile platforms, led by those with the highest downloads and strongest user reviews. At the very top, PiggyVest remains the most downloaded and best-rated platform, praised for its ease of use and innovative savings plans. It is closely followed by
July 10, 2025 | Abuja, Nigeria Nigeria is set to record a historic inflow of Foreign Portfolio Investments (FPIs) in 2025, with projections indicating a surge to $16.08 billion — the highest in the nation’s economic history. Analysts say the rise is largely driven by the Central Bank of Nigeria’s (CBN) sustained hawkish monetary policy
In a renewed push to tackle the persistent energy crisis across the continent, the Federal Government of Nigeria is calling for a strategic investment of $32.8 billion aimed at improving electricity access for over 300 million Africans currently living without power. The appeal was made in line with Nigeria’s commitment to regional development and energy
The North Central region of Nigeria, encompassing states such as Benue, Kwara, Niger, Plateau, Nasarawa, and the Federal Capital Territory (FCT), continues to assert its dominance as a key contributor to Nigeria’s agricultural output—playing a pivotal role in national food security and economic resilience. From staple food crops like yam, maize, millet, rice, and cassava,
At the ongoing Nigeria Oil and Gas (NOG) Energy Week in Abuja, key stakeholders have renewed calls for robust investment across Nigeria’s energy sector and the wider African continent. Industry leaders, government officials, and international partners converged to chart a course for sustainable energy development, emphasising that unlocking Africa’s vast energy potential requires urgent capital
The Federal Government, through the Ministry of Finance Incorporated (MOFI), has launched a landmark ₦250 billion Real Estate Investment Fund (MREIF) aimed at closing Nigeria’s staggering housing deficit—estimated at between 20 and 28 million units. The initiative follows two fully subscribed funding rounds: the initial ₦150 billion Series 1, solely funded by MOFI, and a ₦100 billion Series 2 offering taken
ABUJA – In a major move to deepen economic ties, Nigeria and the United States have officially launched the Commercial and Investment Partnership (CIP) Working Group Forum, aimed at accelerating bilateral trade, fostering private sector collaboration, and unlocking new investment opportunities across critical sectors of the Nigerian economy. The forum was inaugurated on Wednesday, June
KANO — The European Union has reaffirmed its commitment to deepening investment and development cooperation with Kano State, highlighting the state’s vast potential in agriculture, renewable energy, innovation, digitalisation, health, and education. During an official visit to the state, the EU Ambassador to Nigeria and ECOWAS, Mr. Gautier Mignot, noted that Kano has historically been
