The Nigerian Aviation Handling Company Plc. (nahco aviance) and Turkish Airlines have agreed to further strengthen the partnership that exists between both organisations. This is to further ensure seamless importation and exportation of cargoes. The company said the reinforced partnership was coming at a time NAHCO was driving a five-year transformation plan with determined focus on the customer.

​Speaking at Iftar dinner organised for Turkish Airlines stakeholders in Lagos, the Group Managing Director/Chief Executive Officer of the Company, Mr. Olatokunbo Fagbemi, said the partnership was about ensuring that NAHCO does things in such a way that it is easy for Turkish Airlines to serve the clients and the shippers better and it is easy for the shippers to understand the activities of Turkish Airlines…
 
More details through:
https://www.thisdaylive.com/index.php/2019/05/31/nahco-turkish-airlines-strengthen-partnership/

Bristow Helicopters said it increased its fleet size with the introduction of six additional aircraft in the past six months.
 
The firm stated that the aircraft include the Sikorsky S76D and S92, Leonardo AW139,  AW189 helicopters and Embraer ERJ 145. The Managing Director of Bristow, Capt. ‘Dapo Oyeleke, said the additions to the Bristow Nigeria fleet signified the importance, growth potential and confidence the company had in the Nigerian market…
 
More details through:
https://punchng.com/bristow-nigeria-expands-fleet-size/

The United Kingdom has increased its loan facility limit to £1.25bn for businesses seeking to import UK products and services as well as intellectual property into Nigeria.
 
The Country Manager, West Africa, United Kingdom Export Finance, Steven Gray, disclosed this in Lagos exclusively to our correspondent on the sidelines of the UK-West Africa Agritech Summit. He said, “We recently increased our country limit to Nigeria to £1.25bn to support projects seeking to get UK products services or intellectual property investments into Nigeria.”…
 
More details through:
https://punchng.com/britain-increases-investment-financing-in-nigeria-to-1-25bn/

The Norwegian Seafood Council, NSC, has said that Nigeria imports more cod (stock) fish than any other country in the world.
 
Speaking to Vanguard Maritime Report last week in Lofoten, a fish processing island in Norway, NSC’s director in charge of West and Central  Africa, Mr. Trond Kostveit, however, said that Nigerian importers take more of the head of the item (okporoko) than any other part of the fish while more of the valuable parts go to Italy and other parts of the world…
 
More details through: 
https://www.vanguardngr.com/2019/05/nigeria-worlds-largest-importer-of-stock-fish-norwegian-council

THE Russian Fishing Company, RFC, is currently mulling plans to perfect its exports of Pollack and Herring fish to Nigeria, Ghana and other African countries, the World Fishing Aquaculture Report has said.
 
According to the Chief Executive Officer of the RFC, Mr. Fedo Kisanov, the firm is looking forward to increasing its volume sales of pollock and herring fish in these African countries in the next few years. Kisanov disclosed that before now China was traditionally its biggest market for this species of fish, adding that the firm hopes to expand its market share in Africa.
 
More details through: 
https://www.vanguardngr.com/2019/05/russia-targets-nigeria-other-african-countries-for-fish-export/

Having recovered from the recession, coupled with impactful policies and reforms introduced by the Federal Government, the Lagos Chamber of Commerce and Industry (LCCI) has said that the nation’s economy is now on a growth path. LCCI, in its economic review of four years of President Mohammadu Buhari’s administration, noted that though the absence of an economic blueprint in the early days of the administration created challenges of uncertainty, but with the launched of the Economic Recovery and Growth Plan (ERGP) in April 2017, it provided clearer economic policy direction of the administration as it has enhanced the level of investors’ confidence and diminished uncertainties…
 
More details through: 
https://www.dailytrust.com.ng/nigerian-economy-now-on-growth-path-lcci.htm

In a fresh push to complement the state government’s effort at providing youths with in-demand skills and empowerment packages for self-sustenance, the Netherlands government has disclosed plans to invest in agricultural programmes targeting horticulture and oil palm for young persons in Edo State, to boost entrepreneurship and productivity…
 
More details through: 
https://www.vanguardngr.com/2019/05/dutch-govt-plans-agric-devt-programme-for-youths-in-edo/
​

The Federal Government has approved the sum of $2.3bn for the development of a coastal rail line that will run through coastal states in the country. It was gathered that of the sum, $1.8bn would come as a loan from China, while the Federal Government would provide $500m as counterpart fund…
 
More details through:
https://punchng.com/fg-approves-2-3bn-for-coastal-rail-line-development/

Total investments into the telecoms sector currently stands at $70 billion, the Nigerian Communications Commission (NCC) said yesterday in Lagos. 

Speaking at the maiden edition of Nigerian Telecom Leadership Summit at Eko Hotel, its Executive Vice Chairman/CEO, Prof Garba Dambatta, said aside this massive investment, the sector contributed 9.85 per cent to the Gross Domestic Product (GDP) in Q4 of last year while in cash terms, it contributed N1.9trilion during the period under review.
 
Nigeria, he said, has more than 63 million subscription on broadband while in the voice segment, there’s173million lines as at March this year which translates to 91 per cent teledensity…
 
More details through:
https://thenationonlineng.net/telecoms-attracts-70b-investments/

In December 2018, EbonyLife Films, a studio in Lagos, Nigeria, premiered Chief Daddy, a feature-length drama about an eccentric billionaire who dies suddenly, touching off a madcap scramble among his relatives over his estate. The movie was an immediate hit with audiences in Nigeria. By the end of the month it had emerged as the country’s most popular theatrical release of the year.
 
Not long ago the economic life cycle of Chief Daddy might have ended there. Nollywood, the nickname for Nigeria’s robust film industry, has long been hamstrung by piracy. For years filmmakers have watched with frustration as swarms of illegitimate DVDs quickly overwhelmed their promising cinematic efforts, slashing potential profits and making it difficult to raise money to produce future films…
 
More details through:
https://www.bloomberg.com/news/articles/2019-05-24/nollywood-is-ready-to-go-global-thanks-to-netflix