Tags : NIPC

Investment In Start-ups Falls 78.2% 

The Nigerian Investment Promotion Council (NIPC) has disclosed that investment in Nigeria’s start-up sector has continued to lose steam, falling massively by 78.2 percent. This is a drop to $57.55 million in April across 10 companies from $263.68 million in March. NIPC said this in its April 2022, investment highlights which shows that the ten […]Read More

Local, Foreign Companies Withdraw 69.32% Of Investment Projects

The Nigerian Investment Promotion Commission has disclosed in its report that investment commitments declined from $8.41bn in the first quarter of 2021 to $2.58bn within the same period in 2022. This shows that investment commitments declined by 69.32 per cent from Q1 2021 to Q1 2022. According to the Report of Investment Commitments in Nigeria […]Read More

Nigeria Attracts $23bn Investments Announcement In 2021

The  Nigerian Investment Promotion Commission has said that Nigeria attracted an upward swing in its investment announcements in 2021, with a record $23. 3 billion. The Acting Executive Secretary of the commission, Mr. Emeka Offor, disclosed this saying, “the 2021 Investments Announcement Report indicated that US$23.30 billion was tracked during the year, representing about 39% […]Read More

Investment Announcements Rise By 130% in Q3 ‘21

The Nigerian Investment Promotion Commission has said it has tracked $8.99 billion investment announcements in the third quarter of 2021 (Q3 ’21). Lagos State, with $7.29 billion, accounted for 81 percent of the total announcements during the period. NIPC said the investment announcements in Q3’21 was 130 percent higher than the $3.95 billion recorded in […]Read More

$8.99 Billion Investment Announced For Q3′ 2021

The Nigerian Investment Promotion Commission has said it tracked $8.99 billion as investment announcements in the third quarter of 2021 (Q3 ’21). In this announcement, Lagos State accounted for 81 percent at $7.29 billion during the period. NIPC reported this on its website, adding that the investment announcements in Q3 ’21 was 130 per cent […]Read More

Foreign Investors’ Interest In Nigeria Plunges by 80%

The Nigerian Investment Promotion Commission has said that the investment announcements in Nigeria fell to $1.69 billion in the second quarter of this year. This is a fall from $8.41 billion in Q1 indicating a decline of about 80 percent. The report said the total value of investment interests in the first half of this […]Read More

Foreign Investors’ Interest Declines By 27.5%

Nigeria received about $8.4bn investment announcements as of 4th March 2021, out of which $5.46bn were pledged by foreign investors.  This was according to the Nigerian Investment Promotion Commission, in its ‘report of investment announcements in Nigeria (January – March 2021). NIPC noted that the remaining $2.08bn was promised by domestic investors. The sum pledged […]Read More

Nigeria’s Investment Rise to $8.41 In Q1 2020

The Nigerian Investment Promotion Commission said that the total investment in Nigeria rose to $8.41 billion in the first quarter of 2021. The report added that Balyesa and Delta states emerged as top investment destinations during the period adding that the investment in Q1 2021 is 75 percent more than the value in the same […]Read More