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Nigeria, UAE bilateral trade hits $857m on Emirates airline’s connections

New economic activities have arisen between Nigeria and the United Arabs Emirates (UAE) as a result of the air connectivity occasioned by Emirates Airline. This has increased the bilateral trade volumes between both countries to $857 million in 2009 from $106 million in 2004, a 710 percent increase in a 5-year period. A document in which Emirates recently examined … Continue reading

General Electric Nigerian sales to triple on gas for power

General Electric (GE) will triple its sales of gas-fired turbines to emerging markets (EM) such as Nigeria, over the next three years, said GE Chief Executive Officer Jeffrey Immelt. “There’s tremendous investment in networks” to get gas from producing regions to the populations and industries that rely on the fuel, Immelt said. GE is expanding … Continue reading

KIA plans new assembly plant for Nigeria

Dana Motors Limited, the sole distributors of KIA Motors in Nigeria, has signed an agreement with Kia Motors Corporation (KMC) South Korea to set up an assembly plant in Nigeria. Dana Motors, in showing its commitment to the development of the Auto Policy in Nigeria had identified that the Policy it will only be possible … Continue reading

French President Hollande supports Nigeria’s fight against militants

(Businessday) French President Francois Hollande said he supports Nigeria in its fight against “terrorists” who he said are threatening economic prosperity throughout Africa. “Your struggle is our struggle,” Hollande said today in remarks broadcast on Nigerian national television during a visit to the capital, Abuja. “The struggle against terrorism is also the struggle for democracy.” … Continue reading

MORE INVESTORS/INVESTMENTS COMING… Shoprite plans 44 new Nigerian outlets

Shoprite, Africa’s biggest grocer, is ramping up its expansion across the continent with 44 new outlets in Nigeria and 21 in Angola in the next three to four years as its core South African consumer base grapples with high personal debt levels and growing fuel and transport costs. The Chief Executive, Shoprite, Mr. Whitey Basson, … Continue reading

FG Inaugurates N24bn Groundnut Value Chain

The Federal Government on Monday inaugurated Nigeria’s Groundnut Value Chain which will produce 120,000 metric tons of groundnut grains valued at N24 billion ($155m). It said the inauguration was to revive the already abandoned groundnut production in the country as well as restore the groundnut pyramids of northern Nigeria. The Minister of Agriculture and Rural … Continue reading

Today’s edition of presidential media chat has ended. If you missed the programme, find the liveblog of the proceeding here

“The days when Mr. president, Mr. governor or Mr. Senator imposes a choice on the people are over. That’s is where we are going.” *” At the appropriate time, Nigerians will know whether I am contesting or not.” *”The President of the Federal Republic of Nigeria has powers to suspend the Governor of the Central … Continue reading

Centenary: FG honours Queen, Lord Lugard, Macaulay, MKO, 95 others

AS part of activities for Nigeria’s centenary celebrations, the Presidential Committee on the centenary, yesterday released the names of 100 recipients for the Centenary Honours Award in 14 categories. The categories are listed as: Contributors to the making of Nigeria; Heroes of the struggle for Nigeria’s independence/pioneer political leaders; pioneers in professional callings/careers; pioneers in … Continue reading

Missing $20b Oil Revenue: Senate’s Findings Indicates Sanusi Lied

The Senate Committee investigating the missing $20 billion missing oil revenue has discovered that the suspended governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi misled the country and the committee by raising false alarm. Sources close to the Senate Committee showed that nothing incriminating has been found against the oil ministry and … Continue reading

PRESIDENTIAL MEDIA CHAT TAKES PLACE TOMORROW, MONDAY 24TH FEB, 2014

Another edition of the Presidential Media Chat will be broadcast live on the network services of the Nigerian Television Authority (NTA), the Federal Radio Corporation of Nigeria (FRCN) and the Voice of Nigeria (VON) at 7pm tomorrow, Monday, February 24, 2014. During the programme, President Goodluck Ebele Jonathan will, as usual, respond to questions from a panel … Continue reading

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