A total of 254 indigenous and foreign owned entities have submitted bids for the sale and purchase of the Federal Government equity crude under the 2018/2019 crude oil term contracts.
The Ambassador of the Federal Republic of Nigeria to France, Dr Modupe Irele, on Tuesday announced that France invested about N150 billion (350 million euros) in Nigeria in 2017.
For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago.
A total sale of ₦151.42 billion was made on the petroleum products for white products by Petroleum Investment Management company in the month of September 2017, compared with ₦111.36 billion sold in the prior month of August 2017.
The Rivers State Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in the Greater Port Harcourt area and its environs.
More than 20 Nigerian and 60 Chinese suppliers met in a strategic sourcing development forum in Shanghai mid-November in the latest effort by Shell Nigeria Exploration and Production Company to boost the capacity of indigenous vendors in the oil and gas industry.
As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region.
Nigeria has signed a joint declaration on Economic Cooperation with the European Free Trade Association (EFTA) in Buenos Aires, Argentina, on the sidelines of the World Trade Organisation (WTO) 11th Ministerial Conference.
Tobi Oludayomi has for the last five years built from ground up, Studio 14 into a powerhouse that now works with high profile clients across Western and the West African market.
There is strong indication that after cement, Nigeria's steel industry is the next sector to watch as African Industries Group, the largest steel manufacturer in the country, has started exporting the product to Morocco, Egypt and Ghana.