Blogs

Ayo Akinfe

(1) In 2019, US foreign direct investment (FDI) worldwide totalled $5.96trn

(2) Within the US itself, FDI during that period totalled $246bn, with about $125bn of this coming from Japan

(3) Every industrialised nation worldwide takes FDI very seriously because it opens up new markets for their goods, creates ancillary employment back home and the returns on investment are generally high

NIGERIA'S House of Representatives has initiated moves to stop the country from signing what lawmakers have described as obnoxious loan agreements as part of a move to address the ballooning public debt and the growing inability of the government to service these debts.

NIGERIAN senators have warned that other countries could impose travel restrictions on Nigerians if the federal government fails to administer Covid-19 vaccines to its citizens when mass vaccinations start shortly.

FOREIGN military mercenary armies who helped contain the Boko Haram insurgency in the dying months of Jonathan era have vowed never to return to Nigeria again even if asked to by the government after the shabby way they were treated.

NIGERIA Police Force (NPF) bosses have applied to withdraw the suit they filed to stop judicial review panels set up across the 36 states of the country to investigate human rights abuses by the disbanded Special Anti-Robbery Squad (Sars) police unit.

NIGERIAN domestic airline Arik Air has made 300 members of staff redundant in response to the economic downturn brought about by the coronavirus pandemic that has hit the global aviation industry particularly hard.

Ayo Akinfe

LAST week a record Nigerian ransom fee of N100m ($220,000) was paid to kidnappers who abducted a Chinese expatriate in Ekiti State working for a construction company refurbishing the Ado Ekiti-Iyin Ekiti Road.

GOVERNOR Bello Matawalle of Zamfara State has lashed out at his colleagues from the south-south geo-political zone over their attacks  on how his state is allowed to keep the proceeds of its gold reserves while they have to hand over oil proceeds to the federal government.

MEN of the Ondo State Security Agency Network popularly known as the Amotekun Corps have successfully arrested a number of hoodlums suspected of being those responsible for the recent murder of the Olufon of Ifon Oba Israel Adeusi.