States in Africa’s largest oil producer are finding it hard to lure in investors as just five out of the 36 states drove a measly $1.2 billion foreign investments in the three months to September.  

States in Africa’s largest oil producer are finding it hard to lure in investors as just five out of the 36 states drove a measly $1.2 billion foreign investments in the three months to September.  

Okomu oil, a  Nigerian oil palm-producing company saw its finance income soar by 7,185 percent driven by exchange gain in an economy where businesses’ losses are piling due to naira volatility.

Nigeria’s pension funds’ investments in sustainable financing through green bonds have increased by over 1,500 percent or 17- fold over five years due to rising demand.