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Nigeria's Foreign Investments In Telecoms Crash By $99m

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Content provided by Africa Business Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Africa Business Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
The National Bureau of Statistics says foreign investments in Nigeria’s telecommunications sector fell sharply to $14.4m in the third quarter of 2024, marking an 87 percent decline from the $113.42m recorded in the second quarter. Foreign investments in the sector dropped by $99.02m. The bureau revealed in its capital importation report that the figure reflected a 77 per cent year-on-year drop compared with the $64.05m attracted in 2023. The decline signalled a significant downtrend for the sector, grappling with infrastructure deficits and high operating costs despite its growth potential.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
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1000 episoade

Artwork
iconDistribuie
 
Manage episode 455302705 series 3174974
Content provided by Africa Business Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Africa Business Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
The National Bureau of Statistics says foreign investments in Nigeria’s telecommunications sector fell sharply to $14.4m in the third quarter of 2024, marking an 87 percent decline from the $113.42m recorded in the second quarter. Foreign investments in the sector dropped by $99.02m. The bureau revealed in its capital importation report that the figure reflected a 77 per cent year-on-year drop compared with the $64.05m attracted in 2023. The decline signalled a significant downtrend for the sector, grappling with infrastructure deficits and high operating costs despite its growth potential.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
  continue reading

1000 episoade

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