Investors to tap into agricultural potential of 20 million consumers

The theme of the sixth edition of the Lagos State Economic Summit (Ehingbeti) 2012, “From BRICS to BRINCS: Lagos Holds the Key,” aptly captures the aspiration of Nigeria to join the league of the super-emerging BRICS economies (Brazil, Russia, India, … MORE>>>

Nigeria imports 90% of sugar; opportunities for investments

In spite of its large areas of cultivatable land suitable for the growing of sugar cane and some recent investments in the sub-sector, Nigeria still imports 90% of its sugar. Speaking in Lagos at the first Stakeholders Forum on Flexible … MORE>>>

Exploring financing opportunities for SMEs

Globally, small and medium-scale enterprises (SMEs) have been identified as important part of the integral economic system to achieve stability. This is because they serve as significant drivers of economic growth. According to International Finance Corporation (IFC), SMEs make an … MORE>>>

Nigeria records N428bn on non-oil export in one year -Aganga

Nigeria made N428bn from non-oil export in the last one year, the Minister of Trade and Investment, Olusegun Aganga, said on Thursday. This feat, according to him, was achieved through proactive trade policies and incentives for non-oil exports introduced by … MORE>>>

US agriculture companies to invest $150m in Africa

A group of U.S. seed, chemical and equipment companies will invest at least $150 million over the next few years into African agricultural projects and products, the companies said on Friday. The investments pledged by DuPont, Monsanto, Cargill and others … MORE>>>

‘Nigeria is blessed with a lot of investment opportunities’

The Minister of State for Trade and Investment, Samuel Ortom has disclosed that Nigeria is blessed with a lot of investment opportunities, even as only half of the arable land in the country is being utilized, out of the 88 … MORE>>>

Norwegian firm to establish fertilizer plant in Nigeria

A Norwegian firm, Westfert Ltd., says it is working toward establishing a urea/fertiliser producing plant at the Onne Free Trade Zone in Rivers. Theore Eilertsen, the Chairman and Chief Executive of the firm, made the disclosure during a visit to … MORE>>>

Growth prospect seen as investors focus on construction industry

Of the many problems which close industry watchers say are holding down the growth of the construction industry in Nigeria, funding stands out as a limiting factor, which is why institutional investors’ new interest in the industry is a welcome … MORE>>>

Trade between Nigeria-Brazil hits USD8.9 billion

Lagos, Nigeria – To further strengthen bilateral trade between Nigeria and Brazil, authorities have launched a new chamber of commerce even as trade between the two countries in the last five years had risen to US$8.9 billion naira, the local … MORE>>>

Chinese Investment in Nigeria hits $8.4 billion

Yonghua Ding, the Head of the Political and Press Section at the Chinese Embassy, on Thursday, said the Asian giant’s investment in Nigeria is about $8.4 billion. Ding explained the investments, which were in telecommunications, agriculture, oil and gas and … MORE>>>

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