The UK Government, through the Commonwealth Standards Network (CSN) and the Global Trade Programme (GTP), has implemented technical training activity on standards development for Nigerian Standards Agencies.
 
The Head of Prosperity, British Deputy High Commission, Mr. Guy Harrison, said the UK government was committed to the partnership with the federal government, to promote an inclusive economic growth, by providing technical assistance to improve the country’s trading capabilities…
 
More details through:
https://www.thisdaylive.com/index.php/2019/12/05/uk-partners-son-on-capacity-building/
 

The Federal Government on Monday entered into an agreement with a Russian firm, Uralchem, on fertiliser production in Nigeria. The signing was done under the Presidential Fertiliser Initiative.
 
It will see Russia supplying Nigeria potash, a key ingredient for the production of fertiliser, to cut down the wholesale importation of fertiliser into the country.
 
The signing ceremony took place at the Presidential Villa, Abuja, where the Managing Director of the Nigerian Sovereign Investment Authority, Mr Uche Orji, signed on behalf of the Nigerian government…
 
More details through:
https://punchng.com/nigeria-russia-sign-fertiliser-production-agreement/

 Korea’s bilateral trade volume with Nigeria rose to $2billion in 2018, the Korean Ambassador to Nigeria, Lee In-Tae, has said. Ambassador Lee disclosed this in Abuja at the Korea-Nigeria joint partnership infrastructure seminar…
 
More details through:
https://www.dailytrust.com.ng/korea-nigeria-trade-hits-2bn-as-14-coys-show-interest.html

Trade volume between Nigeria and Belgium now stands at 3 billion euros annually but that could increase in few years, the Belgium Ambassador to Nigeria, Daniel Dargent has said. Amb. Dargent disclosed this in Lagos yesterday when he led Belgian delegates and officials of the Port of Antwerp International (PAI) to sign a five year partnership agreement with the Nigerian Ports Authority (NPA) to enhance the efficiency of operations in both countries’ seaports.
 
More details through: 
https://www.dailytrust.com.ng/nigeria-belgium-trade-volume-hits-3bn-euros.html
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It has been confirmed that 12 Taiwanese industrialists will soon set up factories in parts of Cross River State. 
 
Governor Ben Ayade made the confirmation in Calabar when he received the entrepreneurs who were in the state to concretise discussions and participate in the Taiwan – Africa Business Association conference…
 
More details through:
https://www.dailytrust.com.ng/taiwanese-firms-to-set-up-factories-in-c-river.html
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Nigeria will be saving about $1.2 billion annually from milk importation from a Memorandum of Understanding (MoU) it signed Tuesday with the Netherlands on dairy chain development.
 
The agreement was signed between Royal FrieslandCampina WAMCO and the Government of Niger State.
 
Governor Abubakar Sani Bello of Niger State signed on behalf of the Nigerian government, while Ben Langat, Managing Director, FrieslandCampina WAMCO Plc, signed on behalf of the Netherlands…
 
More detailed through:
https://businessday.ng/news/article/nigeria-to-save-1-2bn-yearly-on-dairy-mou-with-netherlands/
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The Korea International Cooperation Agency has invested $8.45m in the construction of an e-government centre on the premises of the Public Service Institute of Nigeria in Abuja.
 
A statement by the Ministry of Communications and Digital Economy said another $1m was expended on the refurbishment of the centre, which was donated to the Nigerian government for the training of workers.
 
At the inauguration of the centre, the Country Director, KOICA, Woochan Chang, said the unveiling of the e-government centre was historic because it was as a result of the partnership between his government and Nigeria…
 
More details through:
https://punchng.com/korea-invests-9-45m-in-abuja-training-centre/

Minister of State for Transportation Sen. Gbemisola Saraki has said Nigeria is a destination of choice in terms of trade as 70 percent of the Gulf of Guinea trade takes place here. 
 
A statement by the, Head, Press & PR,  Ministry of Transportation, Mr. Eric Ojiekwe, quoted Sen. Saraki as having made the assertion while receiving a trade mission from the Kingdom of Belgium, also observed that a recent World Bank report indicated that Nigeria is moving in the right direction as regards ease of doing business in the country. 
 
Saraki further noted that “Nigeria is always open to new ideas and new ways of improving services to Nigerians,” and called on agencies under the ministry’s supervision to explore ways to partner with the trade delegation.
 
More details through:
https://www.dailytrust.com.ng/nigeria-has-70-of-trade-in-gulf-of-guinea.html
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The Abuja Chamber of Commerce and Industry (ACCI), on Friday said that Nigeria and Russia would sign a Memorandum of Understanding on production of pre-paid meter to bridge the gap that currently exists in the sector.
 
President of ACCI, Adetokunbo Kayode said that the agreement would be between Russian electrotechnical company, Energomera and NT Power Nigeria Ltd.  Nigeria’s ACCI said that preparations had reached advanced stage to facilitate the signing of business cooperation between both parties. 
 
The statement said ACCI president, Adetokunbo noted that the company was interested in investing in pre-paid meters production to bridge the gap that existed in the sector.  “In the series of meetings and exchange of communication, we both agreed to sign the MOU to formally form the basis of the business relationship.

https://www.vanguardngr.com/2019/11/nigeria-russia-to-sign-business-agreement-on-pre-paid-metres-production/

The United Kingdom (UK) has promised more commitment for Fintech Ecosystem in Africa, especially Nigeria, which is the most advanced economy country on the continent.
 
Ms. Harriet Thompson, British Deputy High Commissioner in Lagos, made the promise in Lagos over the weekend at the just concluded 2019 Nigeria FinTech Week. She insisted that the aim of the UK government was to deepen its FinTech partnership in Africa, most especially in Nigeria. Thompson reiterated that the health of the Nigeria Fintech ecosystem was very important to the UK, stressing that the government had made major efforts to broaden its approach in research, innovation and science.
 
https://www.independent.ng/uk-to-up-participation-in-fintech-ecosystem-development-in-nigeria/