Industry Dynamics

The foreign investment in Nigerian equities in the third quarter of 2016 fell to nine - year low as investors seek safety in less risky and high yielding fixed income securities.

The Manufacturers Association of Nigeria (MAN) has cried out over the defiance by Nigerian banks of a Central Bank of Nigeria (CBN) directive to allocate 60% of all forex allocations to manufacturers.

The federal government's initiative to attract foreign investments into the country is beginning to yield results, just as Innoson Group is partnering a consortium of Chinese investors to invest a whopping $1 billion into Nigeria's information technology (IT) sector.

In what looked like a practical move towards building a favoured destination for foreign direct investments, organisers of the Made-In-Nigeria (MaIN) Festival are putting together activities to promote the ease of doing business in Nigeria on the front burner of discourse.