Category: Economic Diplomacy

AdminThe federal government has said that it would soon conclude plans with the Government of Abu Dhabi in the United Arab Emirates (UAE) to supply… The federal government has said that it would soon conclude plans with the Government of Abu Dhabi in the United Arab Emirates (UAE) to supply the Gulf Kingdom with 14,000 […]

AdminNigeria and the Kingdom of Saudi Arabia have committed to enhancing collaboration for the development of solid minerals as the world shifts from fossil fuels to cleaner energy. The resolution was reached during a bilateral meeting on the sidelines of the Future Minerals Forum (FMF) in Riyadh, Saudi Arabia. The Minister of Solid Minerals Development, […]

AdminA Chinese firm, Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd., and NIGUS International, a Nigerian firm, have signed a $1 billion agreement to fund and develop gas flaring solutions for Nigeria. The News Agency of Nigeria (NAN) reports that the signing ceremony took place on Friday in Abuja in response to a national directive […]

Admin  The Central Bank of Nigeria (CBN) says it has disbursed $61.64 million to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali in Abuja on Sunday, the disbursement is in fulfilment of CBN’s commitment to eliminate the backlog of pending matured […]

Admin  Jubilee Syringe Manufacturing (JSM) company in Awa, Onna Local Government Area of Akwa Ibom, has ended its operations, attributing the decision to “unforeseen circumstances affecting business operations.” The company, which was reputed to be the largest syringe manufacturing venture in Africa, was inaugurated in 2017 by former Vice President, Yemi Osinbajo. Though it had […]

Admin  Abducted Koreans regain freedom in Nigeria Two South Koreans kidnapped by gunmen in Emughan Clan, Abua/Odual Local Council of Rivers State have regained freedom. On December 12, 2023, gunmen ambushed a convoy of Daewoo workers along the Ahoada/Qbua axis of the East-West in the state, shooting dead four soldiers escorting the expatriates and two […]

The British American Tobacco Nigeria Limited (BATN) and affiliated companies will pay a $110 million penalty over multiple infractions, the Federal Competition and Consumer Protection Commission (FCCPC) said on Wednesday. According to a statement, the affiliated companies that contravened the laws include British American Tobacco Marketing (Nigeria) Limited (BATMN), British American Tobacco Plc, and British […]

Senator Ali Ndume, representing Southern Borno Senatorial District, has criticised the Economic Community of West African States (ECOWAS) sanctions imposed on Niger Republic following the July coup d’état. He argued that the sanctions negatively impact the people of eight Nigerian states bordering Niger, as well as over 120,000 Borno State’s refugees fleeing Boko Haram attacks. […]

Africa’s Richest Woman, Alakija Acquires Six Oil Blocks In Sierra LeoneNigerian billionaire and Africa’s richest woman, Folorunso Alakija, has been awarded exploration rights in six offshore oil blocks, following the issuance of a Petroleum Licencing Agreement by the Government of Sierra Leone. Julius F. Sandy, Secretary to the Sierra Leonean President, Julius Bio, disclosed in […]