…for recurrent expenditure, it may be infrastructurally deficient. It cannot attract foreign investment, and existing investors may be forced to exit to another state where they will have access to the infrastructure.” An emerging markets analyst, Ike Ibeabuchi, however, attributed the situation to increased recurrent p…

…Director of Consultancy, Oluwaseyi Olayemi, said the organisations were not opposed to foreign investment or development but wanted adequate safeguards to protect communities and the environment. Olayemi said making the MoU available would enable CSOs to examine its provisions and offer recommendations before JBS comme…

…as one of the EU’s strongest performers, supported by expanding services, tourism and foreign investment. Czechia’s high employment rate reflects a strong manufacturing sector, low unemployment and its close integration with European supply chains. Germany continues to benefit from its industrial base, export economy a…

…and Other Related Offences Commission’s investigation into the fictitious Presidential Foreign Investment Promotion Council, with the anti-graft agency recommending the immediate prosecution of Mr Adeniyi Adeyemi Matthew. Briefing State House correspondents after presenting the report to the President at the Aso Rock P…

The family of the purported Director-General of the Presidential Foreign Investment Promotion Council, Adeniyi Adeyemi, on Thursday alleged that members of the House of Representatives Ad-hoc Committee investigating the PFIPC are attempting to question him in police custody without the presence of his lawyers. Speaking…

By Omeiza Ajayi ABUJA: Detained Director General of the phantom Presidential Foreign Investment Promotion Council PFIPC, Adeniyi Adeyemi has accused the police of detaining him beyond the scope of the court order used to justify his custody, and has now demanded that the House of Representatives question him at a publi…

…Osun Free Trade Zone “would stimulate commerce, strengthen tourism, attract local and foreign investment, support entrepreneurship and create sustainable employment opportunities across the state.” “The revival of the Dagbolu Dry Port and the Osun Free Trade Zone would improve trade facilitation, boost logistics and po…

…Legit.ng reported that the self-described Director-General of the disputed Presidential Foreign Investment Promotion Council, Adeniyi Adeyemi, pushed back against allegations that he fabricated the agency on his own, claiming that some of the most powerful offices in the Federal Government formally engaged with the cou…

…The House of Representatives Ad hoc Committee investigating the purported Presidential Foreign Investment Promotion Council, PFIPC, said yesterday it would interrogate the Director-General of the agency, Aderemi Matthew Adeyemi, in undisclosed location to respect the constitutional principles of separation of powers. T…

…economic diversification, industrialisation, job creation, and attracting strategic foreign investment. “It also reinforces the growing U.S.–Nigeria partnership through investment-driven cooperation that supports sustainable mineral development, local value addition, and shared economic prosperity.” The post Solid Mine…

…fiscal priorities amid persistent pressure on the naira currency and efforts to attract foreign investment through economic ‌reforms ⁠launched by President Bola Tinubu’s administration’’.According to the report, Finance Minister, Taiwo Oyedele, told the NEC that the new terms of the facility were more favourable than t…

…House of Representatives ad hoc committee investigating the controversial Presidential Foreign Investment Promotion Council, Yusuf Gagdi, has again come under fire as the panel prepares to conclude its assignment. Barring any sudden twist, the committee will conclude its assignment in the next couple of weeks ahead of…

…the headlines as the self-styled Director-General of the controversial Presidential Foreign Investment Promotion Council denied responsibility for creating the disputed agency and sought to testify before the House of Representatives probe panel. Meanwhile, the United States made its $20,000 visa bond programme permane…

…kwacha show resilience amid global economic uncertaintyCurrency stability attracts foreign investment and helps control inflation for consumersPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist with Legit.ng, covering technology, ene…

…directive to produce the self-proclaimed Director-General of the alleged Presidential Foreign Investment Promotion Council, Adeyemi Adeniyi, before an investigative committee, as the deadline expires today. Multiple calls and text messages sent to the Force Public Relations Officer, ACP Anietie Iniedu, were not respond…

…of Representatives’ investigation into the operations of the controversial Presidential Foreign Investment Promotion Council took a dramatic turn on Monday after the Accountant-General of the Federation, Shamseldeen Ogunjimi, revealed that a forged State House letter was used to obtain official government recognition f…

…an infrastructure boom aimed at transforming the state into a prime destination for foreign investors. Balogun, while speaking on the state’s economic evolution, noted that crucial projects such as the construction of the Ibadan Circular Road and the upgrading of Ibadan Airport to international standards were strategic…

…one of Europe’s leading technology hubs through job creation, innovation and increased foreign investment. He argued that Nigeria, as Africa’s largest digital market, should enjoy similar economic and technological benefits. “The question, therefore, is simple: if countries with significantly smaller populations and di…

The controversy surrounding the alleged Presidential Foreign Investment Promotion Council deepened on Tuesday as the House of Representatives intensified its investigation into the disputed agency, issuing a 48-hour ultimatum to Ministries, Departments and Agencies accused of frustrating its probe. The investigation wa…

…to answer questions over his alleged investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC). The anti-graft agency is investigating the circumstances surrounding the operation of the purported council by Mr Adeniyi Adeyemi Matthew, who allegedly presented himself as its Director-…

…committee to investigate the controversial inclusion of the unestablished Presidential Foreign Investment Promotion Council in the 2026 Appropriation Act. This comes amid fresh criticism over the exclusion of the President’s Chief of Staff, Femi Gbajabiamila, from the list of invited witnesses. The inauguration and pub…

…one of the world's leading economies through industrialisation, policies that attracted foreign investment, and a strong anti-corruption drive. While his leadership style attracted criticism from some quarters for being authoritarian, Singapore is regarded as one of the world's wealthiest nations by per capita income.U…

…Gbajabiamila, should not resign over allegations linked to the alleged fake Presidential Foreign Investment Promotion Council (PFIPC), insisting that such a move would undermine rather than advance justice. Speaking on Journalists’ Hangout on TVC while commenting on allegations made by Prince Adeniyi Adeyemi Matthew ag…

…President Atiku Abubakar clashing with the Presidency over the purported Presidential Foreign Investment Promotion Council (PFIPC) as the Senate rejected, for the second time in one week, a request to investigate the controversial budgetary allocation to the alleged agency. Lastly, The Nation leads with the Federal Hig…

…linked this World Cup allocation to the ongoing controversy surrounding the Presidential Foreign Investment Promotion Council (PFIPC). He accused the administration of attempting to manipulate the narrative, shield implicated officials, and shift blame toward political opponents. The recent arrest of the self-styled Di…