The national airline of Cape Verde, Cabo Verde Airlines, has chosen the Nigerian Aviation Handling Company Plc (NAHCO) to handle its operations in Nigeria.
 
Cabo Verde is a passenger and cargo airline based in Cape Verde. It connects four continents with non-stop flights from its hub at Amílcar Cabral International Airport on Sal Island.
 
A statement from NAHCO, said the airline would experience nahco aviance’ professional services, which it stated has seen the ground handler corner the handling of all European airlines that ply the Nigerian route…
 
More details through:
https://www.thisdaylive.com/index.php/2020/01/31/cabo-verde-airlines-partners-nahco/
 

Nigeria’s automobile industry received a boost with over $1 billion investments from renowned auto manufacturers in 2019, thereby lifting capacity to at least 408,870 vehicles yearly.
 
The manufacturers, which include Honda, Peugeot, Innoson, and Mitsubishi among others, have also created employment for about 4,782 Nigerians.
 
The Director-General, National Automotive Design and Development (NADDC), Jelani Aliu disclosed this yesterday in his message to the ongoing review of the Nigerian Automotive Policy Bill, & Nigerian Automotive Industry Development Plan (NAIDP), in Abuja…
 
More details through:
https://guardian.ng/business-services/auto-industry-attracts-over-1-billion-investments/

Minister of Agriculture, Sabo Nanono, yesterday, disclosed that the cashew sub-sector generated over $813 million between 2015 and 2017.
 
Nanono in his keynote at the Cashew stakeholders and Export meeting, organised by the Association of Cashew Farmers, Aggregators, and Processors of Nigeria (ACFAP), pointed out that Cashew being the second non-oil export commodity has been contributing significantly to the nation’s foreign exchange earnings, but unfortunately the potential are not fully taped.
 
Nanono, who was represented by Director Agriculture Extension in the Ministry, Mrs Karima Babangida, noted that “The cashew sub-sector is one of the commodities Nigeria has comparative advantage in its production, processing and marketing…
 
More details through:
https://guardian.ng/business-services/nigeria-gets-813-million-from-cashew-export/
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The Nigerian Electricity Management Services Agency (NEMSA) has entered into a partnership with a German company, ZERA GmbH, to train its engineers and technicians in preparation for the expected upsurge in number of meters as Meter Asset Provider (MAP) licensees take off across the country.
 
NEMSA Managing Director/Chief Executive Officer, Mr. Peter Ewesor,  also the Chief Electrical Inspector of the Federation, said the programme holding in Lagos, is a specialised technical capacity building that would focus on technical standards, installations and meter/instrument operation and repairs…
 
More details through:
https://thenationonlineng.net/nemsa-german-firm-partner-on-capacity-development/
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The production of Sesame seeds in Taraba Sate received a boost on Wednesday, when the Japanese government signed a contract of $197, 736 with Hope Afresh Foundation to build a factory to process the seed.
 
Japanese Ambassador to Nigeria, Yutaka Kikuta, signed for his country, while Anna Ishaku, wife of the state governor, Darius Dickson Ishaku, and the founder of Hope Afresh Foundation, sighed for the organisation.
 
The governor’s wife is using Hope Afresh Foundation in the area of empowering women and youths. Sesame is one of the crops whose cultivation is being promoted by the Ishaku administration…
 
More details through:
https://businessday.ng/news/article/japan-boosts-sesame-seed-production-in-taraba-with-197-7m/
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An economic analyst and managing director, Business Day Media, Dr. Ogho Okiti, has projected that the Nigerian economy’s value could grow to $800 billion within the next decade if the constraining factors undermining its potential are addressed by government. 
 
He explained that if the economy grew at an average of seven percent at the current exchange rate of the national currency to the dollar, the economy would have grown to $800 billion by the end of 2030. 
 
Describing the Africa’s largest economy as a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors, Okiti said the projected growth would help drive new opportunities for the citizens and a dramatic poverty reduction…
 
More details through:
https://www.dailytrust.com.ng/nigerias-economy-could-grow-to-800bn-by-2030-expert.html
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The National Sugar Development Council (NSDC), Abuja, on Wednesday signed a Memorandum of Understanding (MoU) with the National Sugar Institute (NSI), Kanpur, India on the establishment of a Sugar Institute in Ilorin, Kwara State. 
 
The MoU was signed by the Executive Secretary of NSDC, Dr Latif Busari, and the Director, NSI, Kanpur, India, Mr Narendra Mohan at the High Commission of India in Abuja. Mr Busari who noted that Nigeria is currently implementing the National Sugar Masterplan which began in 2013, said the MoU was necessary to train adequate manpower for the development of the sugar factories in the country.
 
More details through:
https://www.dailytrust.com.ng/nigeria-india-seal-pact-on-establishment-of-sugar-institute.html

Nigeria has realised N201.11 billion ($555.59 million) from some cocoa preparations export in the last two years.
 The amount is 0.9 per cent of the $56.03billion global cocoa preparations market. It was gathered that between 2018 and 2019, the country exported $238.08million and $317.50million to The Netherlands, Indonesia and other countries respectively.
 
Also, the 2019 export was 25.1 per cent above that of 2018 following high global demand for production of soft drinks and alcohol, chocolate, jam and marmalade, cocoa butter, cocoa liquor, animal, feed, confectionery, cosmetics, pharmaceutical among others…
 
More details through:
https://www.newtelegraphng.com/nigeria-earns-n201bn-from-cocoa-products/
 

Nigeria’s biggest city has partially banned the use of motorcycle taxis following an escalating number of fatal accidents, dealing a blow to Softbank Group Corp.-backed OPay and a potential boost to Uber Technologies Inc.
 
The Lagos State Government cracked down on the popular way to dodge traffic congestion in the commercial capital of Africa’s most populous country, calling the bikes and their three-wheel equivalents a “menace” that are responsible for “scary figures” regarding loss of lives. Drivers ignore traffic laws and allow criminals to use the ride-hailing services as getaway vehicles, Gbenga Omotoso, commissioner for information and strategy, said in an emailed statement…
 
More details through:
https://www.bloomberg.com/news/articles/2020-01-29/nigeria-s-biggest-city-to-ban-motorbike-taxis-in-boost-to-uber
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Number of mobile internet users in the country increased by 14 million between January and December 2019, New Telegraph has learnt. Active internet subscriptions on MTN, Globacom, Airtel and 9mobile networks rose from 111.6 million in December 2018 to 125.7 million in December 2019, representing 12.6.per cent growth year-on-year.
 
Analysis of the statistics released by the Nigerian Communications Commission (NCC) showed that MTN gained the lion share among new internet users for the period under review.
 
The South African telecommunications company added 10.2 million new internet subscribers between January and December to record the largest customers totalling 54.1 million. Airtel came second as it recorded 4.7 million new internet subscriptions in the period under review, which brought its data subscription figure to 34.5million…
 
More details through:
https://www.newtelegraphng.com/mobile-internet-subscriptions-rise-by-14m/