* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

    The viral wireless audio dongle for in-flight entertainment just got a big upgrade – and I love it – ZDNET

    Game-Changer for In-Flight Entertainment: The Upgraded Wireless Audio Dongle You’ll Love!

    Tahoe City Downtown Association opens 4th of July Entertainment Grant Program – Sierra Sun

    Celebrate Independence Day: Tahoe City Launches Exciting 4th of July Entertainment Grant Program!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Technology is the key to empathy in insurance – InsuranceNewsNet

    Unlocking Empathy: How Technology is Transforming the Insurance Experience

    Technology – Inflexion

    Revolutionizing the Future: The Impact of Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

    The viral wireless audio dongle for in-flight entertainment just got a big upgrade – and I love it – ZDNET

    Game-Changer for In-Flight Entertainment: The Upgraded Wireless Audio Dongle You’ll Love!

    Tahoe City Downtown Association opens 4th of July Entertainment Grant Program – Sierra Sun

    Celebrate Independence Day: Tahoe City Launches Exciting 4th of July Entertainment Grant Program!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Technology is the key to empathy in insurance – InsuranceNewsNet

    Unlocking Empathy: How Technology is Transforming the Insurance Experience

    Technology – Inflexion

    Revolutionizing the Future: The Impact of Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

28 States Attracted No Foreign Investment In Q1 – NBS

July 10, 2023
in Business
28 States Attracted No Foreign Investment In Q1 – NBS
Share on FacebookShare on Twitter

Foreign Direct InvestmentForeign Direct Investment

FIRS

28 States Attracted No Foreign Investment In Q1 – NBS

28 states failed to attract capital importation in the first quarter of 2023, according to the new Foreign Direct Investment data released by the National Bureau of Statistics (NBS).

Out of the 36 states and the Federal Capital Territory, only Lagos, Abuja, Adamawa, Akwa Ibom, Anambra, Ekiti, Ogun, Ondo, and Niger witnessed capital inflows.

Cumulative capital inflows totalled $1.13bn. Lagos ($704m) attracted the most capital in the period under review, followed by Abuja at $410.27m and Akwa Ibom $5.21m.

Adawama attracted $4.50m, Anambra $4m, Ogun $2.09m, Niger $1.50m, Ondo $0.20m, and Ekiti $0.01m.

The report read, “By destination of investment, Lagos State remained the top destination in Q1, 2023 with $704.87m, accounting for 62.23 per cent of total capital investment in Nigeria. This was followed by Abuja, valued at $410.27m (36.22 per cent).”

The NBS disclosed that there was a 28 per cent decrease in total capital importation when compared to the first quarter of 2022.

The report read, “Total capital importation into Nigeria in Q1, 2023 stood at $1.13bn, lower than $1.57bn recorded in Q1 2022, indicating a decrease of 28 per cent. When compared to the preceding quarter, capital importation rose by 6.78 per cent from $1.06bn in Q4 2022.”

It was also disclosed that the largest capital importation during the period was received from portfolio investment, which accounted for 57.32 per cent ($649.28m) of total capital imported in Q1 2023.

This was followed by other investment with 38.31 per cent ($435.76m) and Foreign Direct Investment with 4.20 per cent ($47.60m).

An analysis by sectors showed that capital importation into the banking sector recorded the highest inflow of $304.56m, representing 26.89 per cent of total capital imported in Q1 2023.

This was followed by capital imported into the production sector, valued at $256.12m (22.61 per cent), and IT Services with $216.06m (19.08 per cent).

It was further disclosed that the capital importation from the United Kingdom was highest in Q1, 2023.

The report added, “Capital importation by country of origin reveals that capital from the United Kingdom ranked top in Q1, 2023 with $673.64m, accounting for 59.47 per cent. This was followed by the United Arab Emirates and the United States valued at $108.28m (9.56 per cent) and $95.36m (8.42 per cent) respectively.”

It was also noted that “Categorisation of Capital importation by banks shows that Citibank Nigeria Limited ranked top in Q1, 2023 with $424.13m (37.45 per cent). This was followed by Standard Chartered Bank Nigeria Limited with $360.33m (31.81 per cent) and Stanbic IBTC Bank with $151.85 (13.41 per cent).”

The Co-Managing Partner and Chief Executive Officer, Comercio Partners Asset Management, Tosin Oshunkoya, recently said foreign investors’ attraction to the Nigerian economy was waning.

He said, “The ravaging trend of inflation across major developed economies has triggered hawkish policy responses such as interest rate hikes, which tend to spur capital repatriation from frontier economies such as Nigeria while discouraging foreign capital inflows into the local economy, particularly through foreign portfolio investments.’

digital marketing guest blogging

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : EconomicConfidential – https://economicconfidential.com/2023/07/states-no-foreign-investment/?utm_source=rss&utm_medium=rss&utm_campaign=states-no-foreign-investment

Tags: attractedbusinessStates
Previous Post

Foreign Capital Inflow Increases By 44.3% To $298.8m In June

Next Post

JUST IN: 5,000 households relocates, receives ₦35,000 to avert flood disasters in North West states

Cash Flows: Industry, Ecology, and the Future of the Great Lakes Blue Economy – Michigan Public

Cash Flows: Industry, Ecology, and the Future of the Great Lakes Blue Economy – Michigan Public

May 9, 2025
Under Trump, job prospects look ‘bleak’ for Mass. grads in environmental science – WBUR

Massachusetts Environmental Science Graduates Face Gloomy Job Prospects Under Trump Administration

May 9, 2025
A Leaked Memo Reveals Details About Trump’s War on Science at the NIH – Mother Jones

Inside the Leaked Memo: Uncovering Trump’s Battle Against Science at the NIH

May 9, 2025
Hyatt Lifestyle Group opens inaugural property in Florida – Hotel Dive

Hyatt Lifestyle Group Unveils Its First Florida Gem!

May 9, 2025
2025 IIHF World Championships Begin for Danault, Chromiak, Slukynsky – LA Kings Insider

Exciting Kickoff: Danault, Chromiak, and Slukynsky Take Center Stage at the 2025 IIHF World Championships!

May 9, 2025
US Farm Economy Is Starting to See First Hits From Trump Tariffs – Bloomberg.com

US Farm Economy Faces Initial Impact from Trump Tariffs

May 9, 2025
Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

May 9, 2025
Georgia first responders unite for mental health conference to combat trauma – FOX 5 Atlanta

Georgia First Responders Join Forces for Groundbreaking Mental Health Conference to Tackle Trauma

May 9, 2025
Upcoming changes at CIA shine a spotlight on the spy agency’s director John Ratcliffe – CNN

Transformative Shifts at the CIA: Spotlight on Director John Ratcliffe

May 9, 2025
Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

May 9, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (595)
  • Economy (606)
  • Entertainment (21,519)
  • General (15,210)
  • Health (9,648)
  • Lifestyle (611)
  • News (22,149)
  • People (609)
  • Politics (613)
  • Science (15,828)
  • Sports (21,116)
  • Technology (15,596)
  • World (596)

Recent News

Cash Flows: Industry, Ecology, and the Future of the Great Lakes Blue Economy – Michigan Public

Cash Flows: Industry, Ecology, and the Future of the Great Lakes Blue Economy – Michigan Public

May 9, 2025
Under Trump, job prospects look ‘bleak’ for Mass. grads in environmental science – WBUR

Massachusetts Environmental Science Graduates Face Gloomy Job Prospects Under Trump Administration

May 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version