| Nigeria attracts $5bn oil, gas investments in 5 years
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),Mr. Mele Kyari, has said that Nigeria’s oil and gas industry recorded $3 billion investment in five years. Kyari stated this when he featured on a live television Programme Good Morning Nigeria on Nigerian Television Authority(NTA) in Abuja, yesterday...
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How to Deepen GDP Impacts on Nigeria’s Economy |
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Investors are calling on the Federal Government to consider more pro-business response on the fiscal, monetary and trade policies in driving real positive effect of the growth to the economy. They said such measures would drive Gross Domestic Product growth like Agriculture, Information and Communication and Healthcare among others...
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With Large Corporates, Multinationals Dominating, Credit to Private Sector Increases by 6.68% YTD to N32.8trn
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With a significant percentage given to large corporates, multinationals and high end medium enterprises and no noticeable impact on the real sector, which concerns production, purchase, flow of goods and services, credit to private sector maintain an upward momentum in the first seven months of the year. According to the Central Bank of Nigeria (CBN) Money and Credit Statistics, credit to private sector gained 6.68 per cent from N30.65trillion in January to N32.8trillion in July 2021...
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How equity funding helps startups thrive in challenging economy |
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Nigerian tech startups have raised $321million in the first half of the year 2021, despite the economic challenges and socio-political environment. Fintech startups like Kuda have raised $80 million and Flutterwave picked a $170 million funding to take its valuation to over $1 billion, making it a unicorn company. While many startups have been able… |
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