Business

Foreign investors pull out N266bn from Nigeria in 3 yrs

Foreign investors pull out N266bn from Nigeria in 3 yrs

Foreign Portfolio Investment (FPI) net capital outflow from the Nigerian equities market widened by more than 1,073 per cent in three years, rising from N22.68 billion in the first seven months of 2023 to N266.07 billion by July 2026, as foreign investors took more money out of the market than they brought in.
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Learn Africa targets improved profitability

Learn Africa targets improved profitability

The Managing Director of Learn Africa Plc, Mr. Olusegun Oladipo, has said that the company is set to improve its sales, as well as its profitability in the current financial year given certain measures implemented by the management.

Labour laments plight of  Delta pensioners

Labour laments plight of Delta pensioners

DELTA State council of Nigeria Labour Congress, NLC, has called on Delta State Government to urgently address the plight of pensioners by paying their outstanding benefits among others In a statement, Comrade Williams Akporeha, chairman, Delta state NLC, wrote that information available to the congress showed that many retirees have died of untold hardship. Nonetheless, he thanked the State Government for the recent payment of arrears on six per cent and 15 per cent pension increases.

NSIA, GuarantCo create facility for infrastructure deficit financing

NSIA, GuarantCo create facility for infrastructure deficit financing

The Nigeria Sovereign Investment Authority (NSIA) and GuarantCo, a development finance fund have entered into an arrangement to explore the potential creation of a Nigerian Credit Enhancement Facility (NCEF) with the specific objective of attracting the investment interest of a pool of capital for whom safety is paramount such as the pension funds, insurance companies and Sovereign Wealth Funds.