Business opportunities in Nigeria
Dec06

Business opportunities in Nigeria

By Henry Bellingham, MP/ FCO Minister for Africa Henry Bellingham MP The figures speak for themselves. With GDP growth increasing year on year (forecast at seven per cent in 2011), a population of 150 million set to double over the next 40 years, an expanding middle class and rich reserves of natural resources, UK companies cannot afford to overlook Nigeria as a potential business destination. Nigeria is the UK’s second largest market...

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UN, BOi to partner to resolve energy issues in Nigeria

The managing director of Bank of Industry [BOI], Mrs evelyn Oputu has described renewable energy as the key to resolve the power crisis in the country. Mrs Oputu said that renewable energy is the effective option for energy considering the huge sums of money invested in the power sector. she said regular power supply will boost small and medium enterprises which drives the economy. Mrs. evelyn Oputu said that investors were not...

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GT Bank issues $500 million eurobond

Guaranty Trust Bank’s recently issued us$500 million eurobond continued to generate positive reviews in the international financial market. Apart from its landmark achievement of being the first sub-saharan Africa financial sector benchmark eurobond (outside of south Africa), GT Bank is already trading strongly with the market pricing the instrument at $101.13 in the first full week of trading. The 7.5 per cent five-year deal,...

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Nigeria-China trade hits $7.76bn

The trade between nigeria and China has hit a historical new high of $7.76 billion, said the Chinese ambassador to nigeria, he deng Boqing. According to Ambassador Boqing, “Nigeria has become the fourth largest trade partner and the second largest export market of China in Africa”. The envoy spoke during a one day seminar on China-Nigeria Trade Promotion jointly organised by the economic and Commercial Counsellor’s office, Chinese...

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FG to build six fertilizer blending plants

      Vice President of Nigeria, Mohammed Namadi Sambo has disclosed plans by the Federal Government to build six fertilizer blending plants across the country.   He made this disclosure when the United States Ambassador to Nigeria Terrence McCulley led two US Congressional members on a congratulatory visit to the Vice President over a successful inauguration.   Sambo further stated that the six plants will be...

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