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Despite denying plans to embark on a mass retrenchment of its workers, the top management of the Nigerian Liquefied Natural Gas company, NLNG has met to ratify the list of no fewer than 120 employees to be eased out of the company soon, according to a report.

Senate to invite NLNG over $10 billion Train 7 project

The Chairman, Senate Committee on Local Content, Senator Teslim Folarin, says the Senate will invite the Nigeria LNG Limited to ensure compliance with local content laws in its 10 billion dollars Train 7 project.

CEEWABA pledges to attract more FDI into Nigeria

The Nigerian advisor for Central Eastern European & West African Business Association (CEEWABA), Ambassador Adedotun Adepoju, has reiterated the Association’s readiness to attract Foreign Direct Investment (FDI) into Nigeria from the far Central Eastern European investors.
Minister of State for Petroleum Resources, Chief Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari and the President of Dangote Refinery and Petrochemicals Plant, Mr. Aliko Dangote conducting the Federal Government delegation round the 650,000 barrels per day biggest refinery in Lagos.. on Sunday

Federal government plans 200,000 bpd condensate refineries

Nigerians may bid fuel scarcity farewell if the Federal Government’s plan to build two 200,000 barrels per day (bpd) condensate refineries comes to fruition.
Minister of State for Petroleum Resources, Chief Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari and the President of Dangote Refinery and Petrochemicals Plant, Mr. Aliko Dangote conducting the Federal Government delegation round the 650,000 barrels per day biggest refinery in Lagos.. on Sunday

Federal government to support Dangote Refinery with feedstock, others

The Federal Government has pledged to support the 650,000 barrels per day capacity Dangote Refinery and Petrochemicals Plant with crude oil feedstock and other necessary inputs to the success of the project.
President Muhammadu Buhari has described the death of retired Deputy Inspector General of Police, Muhammadu Danmadami as a great loss to the country.

Lagos Trade Fair: President Buhari urges Nigerian to patronise locally-made products

President Muhammadu Buhari on Friday declared the 2019 edition of the Lagos International Trade Fair open, reiterating that Nigerians should continue to patronise locally-made products and services to grow the nation’s economy.
South Africa's President Cyril Ramaphosa has appointed 50 percent women in his new cabinet, a first for Africa's second biggest economy.

Russia-Africa Summit: African countries not being led into debt trap – President Ramaphosa

President Cyril Ramaphosa on Monday refuted allegations that a number of countries in Africa are being led into a debt trap as they take up loans to fund a number of projects.
The border closure has affected goods from other West African countries. Wikimedia Commons

Nigeria’s border closure has implications for Africa’s economic integration

Nigeria recently partially closed its border with Benin in an effort to stem the smuggling of rice. It then went on to close its land borders to the movement of all goods from Benin, Niger and Cameroon, effectively banning trade flows with its neighbours.
President Muhammadu Buhari in his goodwill message to the Esogban by the Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, joined members of Edebiri family, friends and well-wishes in celebrating an important and respected son of Bini Kingdom’s rich culture and heritage.

President Buhari orders DICON to supply military, police uniforms

President Muhammadu Buhari has directed the military, police and other security services to procure their uniforms and other kits from the Defence Industry Corporation of Nigeria (DICON).

Central bank, IMF disagree over impact of forex restrictions on foreign direct investment inflow

The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country.

South Africa records FDI inflows of 26.3 billion rand in Q2

South Africa saw larger Foreign Direct Investment (FDI) inflows in the second quarter than the first quarter as domestic firms received debt and equity funding from foreign parent companies, central bank data showed on Wednesday.
Minister for Foreign Affairs, Geoffrey Onyeama has said that the Nigerian Government would use the Forum of the UN General Assembly (UNGA) to seek global support fighting terrorism and increasing Foreign Direct Investments (FDI).

UNGA: Nigeria to seek global support to combat terrorism, increased FDI – minister

Minister for Foreign Affairs, Geoffrey Onyeama has said that the Nigerian Government would use the Forum of the UN General Assembly (UNGA) to seek global support fighting terrorism and increasing Foreign Direct Investments (FDI).
Lagos State Governor Babajide Sanwo-Olu has announced the appointment of six new Permanent Secretaries in the States Civil Service.

Lagos governor, Reps seek approval for Lekki, Badagry seaports

Governor Babajide Sanwo-Olu of Lagos State and members of the House of Representatives, yesterday, urged the Federal Government to approve the operation of the Lekki and Badagry seaports in the state.
President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’. 2

President Buhari: Asia is Nigeria’s strategic partner for socio-economic development

President Muhammadu Buhari has described Japan as Nigeria’s strategic partner for socio-economic development.

CSOs task central bank on sustaining improved economic policies

As the 5th All Nigeria Civil Society Economic conference came to a close in Abuja, stakeholders at the conference have called on the Central Bank of Nigeria (CBN) to sustain the improved reform economic policies, rising investment opportunities and Agricultural development.
President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’. 4

President Buhari woos foreign investors in Japan

President Muhammaudu Buhari on Thursday wooed foreign investors at the ongoing seventh Tokyo International Conference on African Development (TICAD7) assuring them of good returns.
President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’. 2

President Buhari invites investors to take on power, agric, renewable energy sectors

President Muhammadu Buhari has invited investors to make inroads into priority sectors of the Nigerian economy, including power and renewable energy, petrochemical and gas, maritime (shipping and ports), automobiles, mining, agribusiness, healthcare and pharmaceuticals, Information and Communication Technology (ICT) and railways.

Nigeria Cultural Festival set to hold in Denmark

All is set for the first edition of Nigeria Cultural Festival (NICUFES 2019) billed to hold in Copenhagen, Denmark, this September.
Foreign Affairs Minister Geoffrey Onyeama flanked by the Minister of State Amb. Zubairu Dada (left) and the Permanent Secretary in the ministry, Amb. Mustapha Suleiman ( right) pose for a shot when the minister assumed office on Wednesday in Abuja.

Minister takes office, lists security of Nigerians abroad

Returning Minister of Foreign Affairs, Geoffery Onyeama, says he will focus attention on ensuring the security of Nigerians living abroad and attracting Foreign Direct Investment (FDI) to the country.g

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