Business

Nigeria is Safe for Investing – Akpabio Assures Foreign Investors

Published

3 years ago

July 6, 2023

385 Views

President of the Senate, Godswill Akpabio, on Thursday assured foreign investors of the safety of their investments in Nigeria, just as he restated the commitment of the Federal Government under President Bola Tinubu, to providing conducive business environment for Foreign investors in the country.

Senator Akpabio stated this, in his office while receiving in courtesy, the JAMPUR INTERNATIONAL GROUP FZE, led by the CEO, Mohanmed Shafiq.

According to him, ” I welcome you on behalf of the Senate of the Federal Republic of Nigeria. Nigeria is very safe and ready for investors. I am aware you are already investing in Nigeria in the area of mining, power and trading. Thank you for employing Nigerians in your companies”.

Speaking further, Akpabio noted that the decision of the Federal Government on put in place a single rate for foreign exchange was a deliberate attempt by the government to further assure foreign investors of the safety of their investments anywhere in the country.

“The current administration has been able to normalize our foreign exchange rate by having only one window. Investing in Nigeria is worth the while because of the returns in investments based on our population of over 200 million, and land

” The President is ready to ensure that people get value for their investments, himself being a strong businessman. He has a track record of achievements in Lagos State when he was the governor. Lagos today, has become one of the largest economy in Africa because of the foundation he laid.”

Akpabio assured his visitors of the safety of their investments, saying ” I assure you that the Federal Government will do everything humanly possible to protect your investments by providing security for its citizens and foreign investors. “

Earlier in his speech, Muhammed Shafiq said he was in the Senate to formally congratulate the President of the Senate on his emergence as the Chairman of the National Assembly and to wish him well in office.

” We are here to congratulate you on your election as the President of the Senate and to intimate your on our readiness to continue to partner with the government in the area of mining, agriculture and power.”

Related Topics:Akpabio Featured foreign Investors

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Business

BREAKING: Uber winds down operations in Nigeria, effective September 2

“Since we first launched in Lagos in 2014, it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers.”

Published

47 minutes ago

September 2, 2026

OCHEFA

10 Views

• An Uber driver at work

Ride-hailing company, Uber, has shut down its operations in Nigeria.

In a statement, the company, which came into Nigeria in 2014, said its exit is effective from September 2, 2026.

“After a thorough review, we have taken the difficult decision to wind down operations in Nigeria, effective September 2, 2026.”

“Since we first launched in Lagos in 2014, it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers.

“Whether it was a morning commute, a ride to see loved ones, or exploring the city, thank you for trusting the platform to connect you to a driver to get you there safely. We know this may cause disruption to your routine, and we sincerely apologize for the inconvenience.”

Uber said said its plan is to support drivers, riders and local team members through the transition.

Business

Allawee shutting down operations by December 1, warns customers must withdraw by November 30

Allawee warned that payments sent to its account numbers from December 1, 2026 will fail, while its cards will also stop working, regardless of the expiry dates printed on them.

Published

8 hours ago

September 2, 2026

OCHEFA

24 Views

• Allawee logo

Nigerian card-issuing fintech Allawee is shutting down its business and personal account services from December 1, 2026.

This follows its acquisition by Pay Stack.

Accordingly, customers have been given until November 30 to withdraw their funds and make alternative arrangements.

The company disclosed the decision in emails sent to customers, according to TechCabal, explaining that its technology now operates within Paystack following the latter’s acquisition of Allawee in 2025.

Allawee warned that payments sent to its account numbers from December 1, 2026 will fail, while its cards will also stop working, regardless of the expiry dates printed on them.

Customers have been advised to withdraw their balances before the deadline, provide new bank details to people or businesses that regularly pay them, and replace saved Allawee card information on subscriptions and other recurring payments.Allawee said customers would not lose their money because of the shutdown. “Your money will remain yours,” the company said.