Americas > North America > United States > U.S. invests U.S.$50 million in Nigeria's economy in 2013

United States: U.S. invests U.S.$50 million in Nigeria's economy in 2013

2013/10/23

United States of America Consul General, Jeffrey Hawkins said that the US has invested $50 million in Nigeria's economy in 2013 alone. He said this during a courtesy visit to the Nigerian Stock Exchange (NSE) yesterday.


He said that Nigeria was a growing economy and assured that the United States government would help in growing the economy.

He pointed out that no country can evolution without capital market investment , saying that the US was building a solid trade framework with the Nigerian government.

He urged the NSE to create a transparent environment that will attract investors to the Nigerian capital market.

The CEO of NSE, Oscar Onyema, while welcoming the US Consul General, said Nigeria has a strong relationship with the US government, saying that the Stock Exchange would support the relationship and economic activities between the two nations.

He added that the Exchange would as well drive friendly portfolio investments from the deepest market(New York Stock exchange) in the world to emerging market which has the highest return on investment in the world.

Sam Ndata, a senior stockbroker on the NSE pleaded that the US should assist in bringing investments to the country and grow the Nigerian capital market.

Related Articles
  • Free Trade With South Korea Works

    2017/10/16 Thankfully, President Donald Trump’s threats to summarily “terminate” the free-trade transaction between the U.S. and South Korea have so far proved blank. Presently, as the two sides sit down to renegotiate, there’s a luck to make some real improvements. By most measures, the agreement, known as Korus, has been broadly beneficial since it came into result in 2012. Trade between the two nations has expanded significantly, tariffs have been greatly reduced, and a crucial strategic alliance -- presently being strained by North Korea’s nuclear aggression -- has been strengthened.
  • Tesla Fires Underperforming Workers After Annual Evaluations

    2017/10/16 Tesla Inc. has fired an undetermined number of employees following a series of performance evaluations next the company significantly boosted its workforce with the purchase of solar panel maker SolarCity Corp. The departures are part of an annual review, the Palo Alto, California-based company said in an email, without providing a number of people affected. The maker of the Model S this week dismissed between 400 and 700 employees, inclunding engineers, managers and factory workers, the San Jose Mercury News reported on Oct. 13, citing unidentified current and former workers.
  • Uber and African’s economic transformation

    2017/10/16 WHEN Uber was initial established in 2009, its mission was to help people everywhere get a ride, safely, quickly and at the push of a button. Eight years later, that mission remains the same and Uber’s innovative, technology-driven business model is still fundamentally changing the way people think about conference their transport needs. For the completed four years, Uber has been delivering this same level of transformation across sub-Saharan Africa, SSA, and with additional than 1.8 million active riders using the app, Uber certainly has reason to celebrate its fourth anniversary on the continent this September. Uber And it’s not just Uber that has benefited from the stellar uptake of its convenient offering in Africa.
  • Trump to rebuke Iran but won't call for sanctions that threaten nuclear deal

    2017/10/14 Donald Trump is expected to disavow the Iran nuclear transaction in a speech denouncing the government in Tehran, but he will not call for the US to abandon the agreement, according to officials briefed on the president’s intentions. In his speech on Friday, Trump will unveil what he will describe as a new, tougher strategy against Iran, and blame his predecessor, Barack Obama, for the rise of Iranian influence across the Middle East. He will impose fresh sanctions on Iran’s Revolutionary Guard, propose measures to punish Tehran for its ballistic missile programme and call for Congress to pass legislation that will trigger automatic sanctions and potentially a US exit from the nuclear agreement in the event of next Iranian transgressions.
  • Fed's Powell: Emerging markets likely to cope with normalizing global economy

    2017/10/13 The normalization of monetary policy in the United States and other advanced economies should be manageable for emerging markets, Federal Reserve Governor Jerome Powell said on Thursday, although he cautioned on high levels of corporate deficit. "The majority likely outcome is that the challenges posed to (emerging markets) by the normalization of world financial conditions will be manageable," Powell said at an Institute for International Finance event in Washington on the sidelines of the International Monetary Fund and World Bank semi-annual meetings.