by Shikenan Staff Writer   on Thu, February 7, 2013 
online nigeria| weekly round up by Feb 7

We skip the Nigerian political scene & gossip. We go straight to finding opportunities, innovative , informative , and good to know articles that matter to Nigerians in Diaspora happening each week around the internet. Weekly Roundup | The best of Nigeria Online (Feb1-Feb7)

Investments in Nigeria

  • Ropeway To Invest $500m On Lagos Cable Car Transport System : VENTURES AFRICA – Ropeways Transport Limited has signed of a 30-year agreement with the Lagos State Government for the establishment of a $500 million cable car mass urban transit system in the emerging city to ease traffic and tension on its roads.
  • Namibia: Nigerians to Invest in Wlotzkas Salt Mine : LOCAL company Rainbow Salt is set to become the largest salt producer in Namibia, with a predicted annual output of one million tons of table and industrial salt from the Erongo desalination plant near Wlotzkasbaken.
  • AfDB Approves $100m Loan to Boost Fertilizer Production in Nigeria : The Board of Directors of the African Development Bank (AfDB) has approved a senior loan of $100 million to Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) to build and operate a gas to urea fertilizer plant located in Port Harcourt, Nigeria, that will serve markets in Benin, Brazil, Ghana, India, Nigeria, South Africa, the United Kingdom and the United States of America.
  • APM Terminals plans $135m fresh investment : APM Terminals, the Danish concessionaire in charge of Apapa Container Terminal, has concluded plans to invest fresh $135 million (N21.3 billion) to expand its capacity at the port.
  • Nigeria inks $1 billion investment deal with GE : ABUJA: Nigeria has signed a $1 billion memorandum of understanding with General Electric to build a factory that could create up to 2,300 jobs in Africa's most populous country, a statement said Friday.
  • AfDB to provide $700m to BOI, NEXIM : The African Development Bank has an agreement to provide $700 million to the Bank of Industry (BOI) and Nigerian Export-Import Bank (NEXIM) to support export-oriented small and medium enterprises’ (SMEs) modernization and expansion in the country.
  • Nigeria, Canada target N900b trade volume by 2015 : NIGERIA and Canada have agreed to strengthen their trade and investment ties. This will be achieved by leveraging on areas of competitive and comparative advantage. Both countries also agreed on strategies to double their volume of trade to N900billion ( $6billion) by 2015.
  • Nigeria, Indonesia trade volume hits $2bn : Trade between Nigeria and Indonesia has now hit  about $2billion, the Indonesian Minister of Trade,  Gita Wirjawan,  said in Abuja. He spoke during the Nigeria–Indonesia Bilateral Trade Meeting and Business Luncheon in Abuja.

Nigerian Real Estate News

  • NYSC group donates skill acquisition centre : THE Education and Tutorial Group of the National Youth Service Corps (NYSC), in Ilorin South Local Government Area of Kwara State, has donated a skill acquisition centre to the council. The group made the donation at the weekend to the chairman of the council, Dr Adebayo Ishola.
  • Thompson & Grace plan $1.2 bn medical University in Akwa Ibom : The quest for the participation of the private sector in healthcare delivery services has received a major boost, as a group of investors is set to establish a 700-bed hospital which will also serve as a Medical University in Abak, Akwa Ibom.

Opportunities for Nigerian/African

  • Gambia: Taiwan Announces 2013 ICDF Scholarship Programmes : The Embassy of the Republic of China (Taiwan) in Banjul has announced the opening of the 2013 International Cooperation and Development Fund (ICDF) International Higher Education Scholarship Programmes for Gambians to apply.

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