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LATEST HEADLINES FROM THE EMBASSY

224 FARM PROJECTS GUARANTEED THROUGH NIRSAL

The Nigeria Incentive-Based Risk Sharing Agricultural Lending (NIRSAL) has guaranteed up to 224 projects for farmers worth N53 billion in the last 2 and half years. NIRSAL is an initiative of the Central Bank of Nigeria (CBN), the Bankers Committee (BC) and the Federal Ministry of Agriculture & Rural Development. It provides guarantee in form of Credit Risk Guarantee (CRG) …

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NIGERIA’S E-COMMERCE SECTOR TO GET TO N2.5TN BY 2018

As more Nigerians patronize online retail platforms following the Central Bank of Nigeria (CBN) cash-lite agenda and the Federal Government of Nigeria’s national broadband policy 2013-2018, the Nigerian electronic commerce sector is expected to expand further to as much as $13 billion (N2.5 trillion) in value. According to the National broadband policy 2013-2018, 80% of the Nigerian population is projected …

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President Muhammadu Buhari Federal Republic of Nigeria

President Buhari(AU)

Excellency President Robert Mugabe, Chairman of the Union, Excellency President Jacob Zuma, our Host, Excellencies fellow Presidents and Heads of Government Excellency Mr. Jan Eliasson, Deputy Secretary-General of the United Nations, Excellency Dr. Nkosazana Dlamini Zuma, Chairperson of the AU Commission, Excellencies, Heads of Delegation, Invited Guests, Distinguished Ladies and Gentlemen             Please permit me to join previous speakers in …

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Maersk Line bids to build $2b ports in Nigeria

Edith_Maersk_Suez

A.P. Moeller-Maersk A/S, owner of the world’s largest shipping container line, is seeking to win contracts to build and upgrade ports in Nigeria and Kenya, as part of its expansion drive in African. According to the company’s senior vice president for Africa, Lars Reno Jakobsen, Maersk is awaiting a final sign-off on a contract to help build a new port …

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Nigeria’s crude oil production rises by 230,900 bpd

Nigeria_Refinery

NIGERIA’S crude oil production output for May, increased by 230,900 barrels per day (bpd), according to the monthly oil market report of the Organisation of Petroleum Exporting Countries (OPEC) released on Wednesday. Specifically, the country’s production output, based on direct communication, rose from 1.650 million barrels per day in April to 1.881 million bpd in May. The country’s crude oil …

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