Nigeria is loaded with natural resources that could help Europe in its energy transition. Europe has the necessary elements to build out the as-yet underdeveloped Nigerian energy sector. There are many challenges on the road to a successful partnership, the broadest of which is the fragile political stability of Nigeria. Nigeria could be emerging as …read more →
Trade and Investments
First Ship Docks at $2bn Lekki Deep Sea Port
The Lekki Deep Sea Port in Lagos has received the first ship at its dock signaling a new era in port decongestion efforts in Nigeria. The Managing Director, Nigeria Ports Authority, Mohammed Bello-Koko, who received the marine vessel “Zhen Hua 28,” a heavy lift carrier, stated that the Lekki Deep Seaport, when operational, would reduce …read more →
PIB Will Unlock Opportunities for Indigenous Companies – Oando Energy Boss
The Chief Operating Officer, Oando Energy Resources, ALEX Irune, has said that the passage of the Petroleum Industry Bill (PIB) will unlock several partnership opportunities for indigenous oil and gas companies. Irune made the assertion during a panel session at the ongoing Nigeria Oil and Gas (NOG) conference and exhibition on Wednesday in Abuja. The …read more →
Russian Companies to Invest $500 Million Into Nigeria’s Manufacturing Sector
The Chairman, Nigerians in Diaspora Organisation (NIDO), Russia, Sampson Uwem-Edimo has said that nine Russian companies have indicated interest to invest over $500 million in Nigeria’s manufacturing sector. Uwem-Edimo made this known in a statement on Sunday in Lagos, ahead of the forthcoming Russia- Nigeria Business Conference. He said the planned investment was to deepen …read more →
Dangote Refinery Will Transform Downstream Sector, Provide Better Margin for Marketers – Oil Marketers
The Major Oil Marketers Association of Nigeria (MOMAN) has expressed optimism that when the 650,000 Dangote Refinery comes on stream, it will change the way business is carried out in the downstream petroleum sector and deliver much value for operators in the industry. Chairman MOMAN, Adetunji Oyebanji said the group hope that Dangote refinery would …read more →
NIRSAL Boosts Cocoa Exports with Credit Guarantee
The Nigeria Incentive-Based Risk Sharing System for Agriculture Lending Plc (NIRSAL) is committed to enabling Nigerian cocoa farmers to benefit from the $67 billion global cocoa market, according to its chief executive officer, Aliyu Abdulhameed. While on a tour of ADT Russet Limited, in Apapa, Lagos State, which is a beneficiary of N1.5 billion facility …read more →
Nigeria Targets $2 Billion From Exports After Concession of Kano Free Trade Zone – BPE
Nigeria is expected to earn about $2 billion from exports value after the planned concession of the Kano Free Trade Zone (KFTZ) by 2027, according to the Director-General of the Bureau of Public Enterprises (BPE), Alex A. Okoh. Okoh, who spoke at during a visit to Kano State Governor, Abdullahi Ganduje said that the KFTZ would …read more →