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The Italian government on Tuesday announced its readiness to invest in Nigeria’s transportation sector. It also said it would concretise the move to bring Italian companies to Nigeria through the public private partnership platform.
The Italian Ambassador to Nigeria, Stefano Pontesilli, disclosed this when he led a delegation to the headquarters of the Federal Ministry of Transportation in Abuja. He was quoted in a statement issued by the Head, Press and Public Relations, FMOT, Mohammed Idris, as saying, “It is very important for us to have a high calibre of delegation in order to collaborate with the Nigerian government in the area of transportation.”… More details through: https://punchng.com/italy-set-to-invest-in-nigerias-transportation-sector/
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The Team Lead, West and Central Africa, Ministry for Foreign Affairs of Finland, Jussi Nummelin, says Finland exported €35m worth of goods to Nigeria in 2018. Speaking with our correspondent on the sidelines of the World Circular Economic Forum 2019 in Finland on Wednesday, he said the export to Nigeria majorly comprised industrial goods as well as power and telecommunication equipment…
More details through: https://punchng.com/finlands-commodity-exports-to-nigeria-hit-e35m/ The value of total imports into the country rose 3.39 per cent in first quarter of 2019 compared to fourth quarter of 2018, and by 25.84 per cent over the corresponding quarter of 2018. The National Bureau of Statistics revealed this in its ‘Foreign trade in goods statistics’, released on Friday. It also revealed that the total trade grew by 2.50 per cent in Q1, 2019 compared to Q4, 2018, and 7.52 per cent relative to the corresponding quarter in 2018…
More details through: https://punchng.com/nigerias-total-imports-rise-by-25-84-in-one-year/ The National Bureau of Statistics (NBS) said the country recorded a total trade value of N8.2 billion for the first quarter of 2019, representing a growth of 2.50 per cent when compared to the previous quarter, (fourth quarter, 2018).
The NBS said this in its Foreign Trade in Goods Statistics for First Quarter of 2019 posted on its website today. The bureau said the volume of total merchandise trade in the first quarter of the year grew marginally by 7.52 per cent when compared to the corresponding quarter in 2018.”… More details through: https://www.premiumtimesng.com/business/business-news/333836-nigerias-foreign-trade-up-by-2-50-in-2019-nbs.html 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 quantum of investment in the Nigerian economy by Chinese companies has hit $20bn, the President, China Chambers of Commerce in Nigeria, Mr Ye Shuijin, has disclosed. He explained that the 160 Chinese firms operating in the country had also employed over 200,000 Nigerians, noting that the companies were promoting what he called the ‘people to people’ cultural diplomacy of the Belt and Road Initiative of the People’s Republic of China in Nigeria…
More details through: https://punchng.com/chinese-companies-investments-in-nigeria-hit-20bn-cccn/ The latest Nigeria/America trade statistics have revealed that the United States of America recorded a trade deficit of $3bn with Nigeria in 2018.
The report revealed that Nigeria was America’s 49th largest goods trading partner with $8.3bn in a-two way goods trade. Goods imported from the US in the year under review totalled $2.7bn while goods exported to the US was $5.6bn… More details through: https://punchng.com/nigeria-recorded-3bn-trade-surplus-with-us-in-2018/ Niger state Commissioner for Investment, Commerce and Industry, Alhaji Mudi Mohammed has disclosed that the state is going into partnership with Bangladesh on rice farming and production.
Speaking with The Nation in Minna during the 17th Niger National Trade Fair, he said that the state intends to partner with Bangladesh on how to save rice produce during flood in order to prevent the yearly loss of farm produce during the rainy season. He said that with this mechanism, Niger state can produce rice up to four times in the year… More details through: https://thenationonlineng.net/niger-to-partner-bangladesh-on-rice-farming-production/ THE Management of China Town in Lagos has begun negotiations with some state governments on ways to attract more direct foreign investments from China into Nigeria. Chairman, Chinese Investors Association for Development and Promotion, and General Manager of China Town, Chief Ronnie Liu, who disclose this during a press tour of the complex in Lagos also said that Management of Chinese Town is concerned with the elimination of sub-standard Chinese products imported into the country and has taken steps to address the problem…
More details through: https://www.vanguardngr.com/2019/05/chinese-investors-osun-govt-partner-to-attract-direct-investment/ The European Union (EU) and German government are to boost activities in Nigeria’s non-oil sector by empowering medium scale enterprises (SMEs) and aiding their access to regional and international markets.
Read more at: https://guardian.ng/news/eu-germany-move-to-grow-nigerias-non-oil-sector/ |
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