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LATEST HEADLINES FROM THE EMBASSY

UNILORIN, Oriental Energy Sign 21-year Land Lease Agreement

The University of Ilorin and Oriental Energy Resource Farms Ltd, an agro-based firm belonging to Borno State entrepreneur, Mohammed Indimi, recently signed a 21 years “land lease agreement” for mechanised agricultural projects. The memorandum of understanding (MOU) was signed by Mr Indimi and Vice-Chancellor of UNILORIN, Jubril Oyelekan, at the Maiduguri office of OER Farm Ltd last week. The MOU …

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PetroNor to Acquire 12% of Aje Field

PetroNor to Acquire 12% of Aje Field PetroNor oil Exploration and Production (E&P) company has concluded plans purchase Panoro Energy’s stake in the Aje oil and gas field off Nigeria, as part of a bigger strategy to expand its acreage in Africa. Oslo-listed, the company recently completed a merger with African Petroleum and will now pick up Panoro’s 12.2 percent …

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$25b FDI Boosted Nigeria’s Economy After Recession

The Federal Government has said that the $25 billion Foreign Direct Investment inflow boosted the economy after the nation exited recession in 2018. FG explained that Nigerians in the diaspora, who accounted for the highest net contribution to the FDI, have expressed the desire to invest in over 200 businesses and projects in different sectors of the economy, including agriculture, …

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Mogul Cosmas Maduka Launches $35 Million Rice Mill In Anambra State

Home Investment Opportunity Profiling Form Procurement Adverts Join Mailing List Hit enter to search or ESC to close Mogul Cosmas Maduka Launches $35 Million Rice Mill In Anambra State Nigerian business mogul Cosmas Maduka, one of Nigeria’s most successful businessmen, has built a rice processing mill in Anambra, a state in Nigeria’s southeastern region, at a reported cost of $35 …

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US $350m for Water Supply and Rural Sanitation Project in Nigeria

Home Investment Opportunity Profiling Form Procurement Adverts Join Mailing List Hit enter to search or ESC to close World Bank Approves US $350m for Water Supply and Rural Sanitation Project in Nigeria World Bank has approved US $350m for construction of Sustainable Water Supply and Rural Sanitation Project in Nigeria. This was revealed by Nigeria’s Minister of Water Resources, Suleiman …

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