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Investments in Nigeria

GE’s N160bn investment in Nigeria to boost local content : General Electric, GE, the world's leading player in technological manufacture, deployment and skill capacity building, has said its current investment in a multi-million dollar facility in Calabar, Cross River State, was part of its vision to support the local content agenda in the country and impact positively on the economy.

More Foreign Investors Enter Nigeria : In furtherance of its overall local content drive, global infrastructure giants General Electric (GE) has attracted 3 Italian based investor-companies to Nigeria to explore partnership opportunities with indigenous Nigerian Engineering companies. The companies include Allimep, Duemme and Sime.

NIGERIA SIGNS N92BN PACT ON BURUTU INDUSTRIAL PARK : The federal government through the Nigeria Investment Promotion Council (NIPC) yesterday in Abuja consummated the signing of joint venture partnership agreement between Petro-Equip Engineering Company Limited and Akawa Global Services Limited on industrial and maritime projects in Burutu, Delta State.

Microsoft, Nigeria partner to accelerate innovation : A leading information Technology company, Microsoft corporation, has announced strategic cooperation agreements with three incubator organizations across the African continent to enable startups, innovators and Africa's developer community to grow their skills and build businesses with Microsoft Technologies.

Read More: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-october-31

Investments in Nigeria

Over $44m Invested In Nigeria Pharmaceutical Industry : Nigeria is a step closer to acquiring a World Health Organisation (WHO) pre-qualification that would enhance the competitiveness of locally-made drugs at the international market.

Foreign investors plan $16bn investment in Delta : The Delta State government says it has attracted more than $16 billion worth of investment for its export free zone, which is expected to create some 500,000 jobs.

Huge investment opportunity exists in Nigeria’s power sector : Anita Mathews, Director, Informa Energy Group, a Dubai-based organisation, says there is huge opportunity for investment in Nigeria’s power sector.

Nigeria: Dangote Plans U.S.$34.7 Billion Fresh Investment in Economy : The President of Dangote Group, Alhaji Aliko Dangote, has said that the Group is poised to make an additional investment totaling $US 34.7 billion in the economy by 2017.

Nigeria, Brazil Sign MoU On Trade, Investment : Nigeria and Brazil on Tuesday in Abuja signed a Memorandum of Understanding (MoU) to strengthen their bilateral cooperation on trade and investment.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-october-10

Investments in Nigeria

Nigeria: Irish Firms to Invest in Nigeria : Various Irish companies would soon invest in Nigeria, Irish High Commissioner to Nigeria, Mr. Patrick Fay has said. Fay, who disclosed this during a recent launch of a premium product - the Irish Mayor - in Abuja, said efforts are being made to boost commerce between Nigeria and Ireland.

Nigeria: 20 Firms to Invest in Nigeria, Says Irish Ambassador : In a bid to strengthen the economic relationship that existed between Nigeria and Ireland, the Irish Ambassador to Nigeria, Mr. Patrick Fay, has said come November this year, his country's Minister of Trade and Development would be coming into Nigeria.

Nigeria: Zamfara to Invest N1.5 Billion in Jaiz Bank : The Governor of Zamfara State, Alhaji Abdul'aziz Yari, has said the state would invest the sum of N1.5 billion in Jaiz Bank to shore up the financial institution's capital base.

FIRM INVESTS N4BN IN NOODLE FACTORY : Adkan Services Nigeria limited has invested 4 billion naira in the production of noodles under its food subsidiary, De Royal noodles, located in the boundary community of Karu in Nassarawa State, close to the Federal Capital territory.

Huge investment opportunity exists in Nigeria’s power sector : Mrs Anita Mathews, Director,Informa Energy Group, a Dubai-based organisation, says there is huge opportunity for investment in Nigeria’s power sector.


Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-october-3

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Entrepreneurship in Nigeria/Africa

Investing In Women and Girls Is An Investment In Our Future : With a broad smile, and a gleam in her eyes, Ayo Megbope sat beside me, and shared story after story about the humble beginnings of her business, cooking bean cakes in her fourth-floor apartment, wrapping them in banana leaves, and selling them throughout her community in Lagos, Nigeria.

Investing in soap production : Soap, be it antiseptic, toilet or ordinary is a good business. Great potential exist for any investor to make money. The major raw materials required for production include caustic soda, sodium silicate, soda ash, PKO or red palm oil, perfume and colorant

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-september-26

I think you can get some from http://www.africanshop.shikenan.com

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Entrepreneurship in Nigeria/Africa

• How a Kenyan furniture maker captured the high-end market with a unique idea : Toby Dickinson, a Tanzanian-born entrepreneur, runs a high-end furniture business that targets this market segment. Dickinson is the owner and managing director of Indian Ocean Creations which makes furniture using wood from ancient dhows (traditional sailing vessels).
• Nigerian-American Entrepreneur Uses Playtime to Change the World : The SOCCKET, an energy harnessing and supplying soccer ball invented by social entrepreneurs Jessica O. Matthews. As social science students at Harvard University, the two teamed up for a project in their class on engineering for non-engineering majors. Faced with the task of devising a solution to a problem facing the world, Matthews and Silverman dreamed up the innovative concept in 2008.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-september-5

Opportunities for Nigerian/African
• Nigeria: 1,050 Nigerians Benefit From UK Scholarships : One thousand and fifty Nigerians have benefited from the Chevening Scholarships, a United Kingdom government's scholarship programme, funded by the Foreign and Commonwealth Office (FCO) and partner organisations.
• Nigeria: UK Chevening Awards 11 Nigerian Students Scholarship : Eleven Nigerian students have been awarded scholarship in various fields of study through United Kingdom Chevening scholarship scheme for the year 2013 to 2014.
• Nigeria: Scholarship for Borno Orphans : In a determined effort to support children orphaned by Boko Haram insurgency in Borno State, the state governor, Kashim Shettima recently gave scholarship to about 50 of the orphans.
• Osun Govt Sponsors 40 Youths To Germany On Agriculture : The Osun state government said it will be sponsoring 40 youths to the state of Saxony-Anhalt, Germany for intensive agricultural training and food production technology, so as to increase food production for local consumption as well as exportation.

Read More: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-august-29

Opportunities for Nigerian/African

1,000 scholarships for Africa’s youth : In recognition of International Youth Day, Microsoft Corp. today introduced the 4Afrika Scholarship programme, as part of its 4Afrika Initiative, through which it will provide mentorship, leadership and technical training, certification, university-level education, and employment opportunities for promising African students.

A SCHOLARSHIP FOR AFRICAN WRITERS : The scholarships will be open to anyone born in Africa or whose parents were born in Africa. If you want to write a full length book, either fiction of nonfiction, this is a fantastic opportunity. Here is a bit about the scholarship.

Zambia Benefits From 584 Chinese Scholarships : CHINA has provided 584 scholarships to Zambian students since 1978, Chinese ambassador to Zambia Zhou Yuxiao has said.

Namibia: 2014/15 Chevening Scholarships in Namibia : London — Applications for the 2014/15 Chevening Scholarships in Namibia open online from 01 September to 15 November 2013

Read More: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-august-22

Good Deeds in Nigeria/Africa

• Female scientists help smallholder women farmers increase income : Women comprise the majority of farmers in many rural African communities, but their farming operations are carried out menially with few or no innovations, so they incur a lot of losses and earn very little. Due to religious and socio-cultural dictates, many of the rural societies where these women live frown on close interaction between men and women who are not family members. As a result, male scientists have had difficulties getting rural women to adopt new technologies.
• ‘We plan to turn street beggars to shoemakers’ : With a population of over 160 million, Nigeria is no doubt a choice market for a shoe manufacturer. However, fierce competition from foreign-made shoes and several other challenges make the market a challenging terrain. But in spite of these, Edet Iniobong, after 25 years of manufacturing shoes and other leather works in Nigeria, says the shoemaking industry has even greater potential

Read More: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-august-8

Investments in Nigeria

• U.S agency to invest $250m in Nigeria food security : A U.S-based multinational food security company, Blumberg Grains, is to invest $250 million in large scale food storage facilities in Nigeria, a statement by the Ministry of Agriculture and Rural Development in Abuja revealed.Dr. Akinwunmi Adesina, the Minister of Agriculture and Rural Development, and Mr. Philip Blumberg, Chairman Blumberg Grains, had signed the Letter of Intent (LoI) for the establishment of the facilities.
• Barclays’s Absa plans to expand in Nigeria with N19bn : Absa Group Limited, the Johannesburg- based lender acquiring most of parent company Barclays Plc African assets, said it’s interested in entering the Nigerian market as it boosts its presence across the continent. The bank needs a competitive advantage before it can enter the country, Absa Chief Financial Officer Mr. David Hodnett said, adding that the bank could take advantage of its experience in corporate banking.
• Blumberg Grain plans N40bn investment in agric sector : Blumberg Grain, one of the world’s largest food security companies has unveiled plans to invest $250 million (about N40 billion) in a food processing company in the country in demonstration of its confidence in and support for the ongoing Agricultural Transformation Agenda (ATA).
• Saudi firm targets Nigerian investors with $33m real estate : Riyadh-based Kingdom Hotel Investment has announced the investment of over $33 million in Ambassador Heights in Accra, Ghana.


Source: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-august-1

Entrepreneurship in Nigeria/Africa

How I built up my skincare businesses : Skin care is a fast growing business in Lagos and other parts of the country. This has driven Mrs Abosede Daniel, Chief Executive, Booseh Nigeria Enterprise, into the production of BB petroleum jelly. She saw a gap in the market and latched onto it.

‘Event Management is a Booming Business’ : Most event planning tends to be of social functions like wedding receptions, concerts, product launches, naming ceremonies, birthdays, house warming, corporate events and other such outdoor events.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-july-25

Investments in Nigeria

Indian firm to invest in Nigeria power sector : Indian’s power generation company, Bharat Heavy Electricals Limited said it has concluded plans to invest in the Nigerian power sector. Secretary to the Government of India, Department of Heavy Industry, Dr. Sunatu Behuria, gave the hint during a courtesy visit to the Ministry of Power in Abuja.

Nigeria: Chevron Invests N628 Billion On Gas-to-Liquid Project : Lagos — Chevron Nigeria Limited has said that it invested over N628billion ($4billion) on its Escravos-Gas-to liquid project in the country last year.

EU , UN COMMIT €12M TO NIGERIA’S PRIVATE SECTOR : The European Union and United Nations Industrial Development Organization (UNIDO) have signed an Agreement of €12 million Euro (N2.5 billion) to support Nigeria in improving quality infrastructure in the non-oil, productive sectors of the economy.

Jetlink, partners India’s tech firm, Integra to promote financial inclusion in Nigeria : Jetlink Limited, Nigeria’s leading technology solutions provider has announced its tie-up with Integra Micro Systems (Integra), India’s leading provider of innovative and hi-tech products to promote Financial Inclusion in Nigeria.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-july-18

Opportunities for Nigerian/African

• USA Announces Scholarship For Oro Undergraduates : USA has announced a scholarship program to be administered by the Education Committee of the organization for undergraduates of Oro-nation extraction in Nigeria. Oro-nation is made up of Oron, Mbo, Okobo, Udung Uko and Urue Offong/Oruko Local Government Areas of Akwa Ibom State.
• Nigeria: Capital Science Academy Offers Scholarship to Dafara Pupil : The management of the Capital Science Academy Kuje has awarded a full scholarship to one of the pupils of Dafara LEA Primary School to study in the academy for six years.
• 30,000 enterprises benefit from credit facilities in Kwara : Gov. Abdulfatah Ahmed of Kwara said more than 30,000 micro as well as small and medium scale enterprises had benefited from its N250 million revolving credit scheme.
• SMEDAN to create 250,000 jobs : The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is to create 250,000 direct and indirect new jobs in Katsina State from 2013 to 2015.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-july-11

Investments in Nigeria
• UNIDO, others partner on investment platform : The United Nations Industrial Development Organisation (UNIDO) is to go into partnership with the Federal Ministry of Industry Trade and Investment (FMTI) and other stakeholders to inaugurate an Investment Monitoring Platform (IMP) in Nigeria.
• OBG boosts investment in electricity sector : The Oxford Business Group has expressed its commitment to boosting investment in electricity sector of the economy.
• Nigeria: Ondo Varsity to Invest in Locust Beans Processing Plant : The Vice Chancellor, Adekunle Ajasin University, Akungba-Akoko, Prof. Femi Mimiko, has expressed the institution's readiness to invest in the modern processing of locust beans, popularly known as iru, for commercial purposes.
• Nigeria: Korean Company Plans U.S.$7 Million Investment to Develop Abuja : In a bid to improve the quality of buildings in the nations' capital and other parts of the country, a South Korean company, Luxury Buildings and Accessories Limited plans to invest seven million dollars into the city's building business.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-july-4

Did you miss our article on investments in Nigeria this week?
Investments in Nigeria
• Int’l agencies invest N187bn in Nigeria’s energy : Nigeria’s development partners have invested about N187.44 billion ($1.17 billion) in the country’s energy sector as at December 2012, under the Country Assistance Framework, CAF.
• Nigeria: Cadbury Invests U.S.$100 Million in Facility, Capacity Upgrade : Cadbury Nigeria Plc has disclosed that it has spent a total of $100 million in upgrading its facility, in pursuit of the desire to increase output in accordance with growing demand for its product.
• German firm Miele opens for business with 1m pounds investment : Founded in 1899, Miele has been at the forefront of cutting edge home appliances and luxurious kitchen fittings for over a century, with presence in about 77 countries said Athmane Lakhilifi, head of export sales, at the firm’s product launch recently held in Lagos.
• Shell’s $2.4bn Gbaran projects to boost gas supply : Shell Petroleum Development Company of Nigeria Limited, SPDC, operator of the Nigerian National Petroleum Corporation, NNPC/SPDC joint venture, has disclosed that its planned $2.4 billion investment in the Gbaran-Ubie Phase Two project will ensure 100 per cent capacity utilisation of the plant.

And so much more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-june-27

Opportunities for Nigerian/African

NLNG Undergraduate Scholarship Scheme 2013/2014 : The Management of Nigeria LNG Limited wishes to invite interested First Year undergraduates in Nigerian Universities to apply for the 2013/2014 NLNG Scholarship Award.

Nigeria gets first locally made motorcycle : The federal government yesterday launched a motorcycle made from scratch by engineers from the National Agency for Science and Engineering Infrastructure (NASENI) in Nnewi, Anambra State.

CGA, Stanbic Bank Partner To Make iPad Available To Nigerians : Core Group Africa (CGA) has partnered with Stanbic Bank of Nigeria “to enable clients to purchase the popular iPad tablet.”

Unilever to Nestle Raise Nigeria Bubble Concern on Valuation : Investors are valuing shares of Nestle SA (NESN) and Unilever’s Nigerian units at about twice the level of their European parents as faster growth in Africa’s most populous nation lifts consumer stocks to record highs.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-june-13

pDude: Who gives a hoot?


Just saying, but a black person having reddish hair is a sign of albinism or severe malnutrition

LMAO!!! those pictures are adorable

Nigerian Real Estate News

Nigeria to construct $1.2bn fertilizer plant : Nigeria is set to make history as plans have been concluded for the foundation laying ceremony of the $1.2 billion world largest gas-to-urea fertilizer plant project.

Chinese companies to build hydro-power plants for Nigeria : The plant, located in central north Niger State, is expected to be completed in 2017 and is being constructed by China-based consortium of Sinohydro Corporation Ltd and Chinese National Electric Engineering Co (CNEEC).

Dangote to construct $500m Tanzania cement plant : In furtherance of its Pan African expansion drive, leading cement company, Dangote Cement Plc will today lay the foundation stones for the construction of its new $500 million cement plant in the East African country of United Republic of Tanzania.

Nissan plans auto plant in Nigeria : Stallion Group and Nissan Motors Nigeria have disclosed plans to establish an auto manufacturing plant in the country.


Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-may-29

Investments in Nigeria

Nigeria: IFC, Bill Gates to Invest U.S.$60 Million On Priority Healthcare for Poor Nigerians : The International Finance Corporation, IFC, said on Tuesday that it is working with the Bill and Melinda Gates Foundation and the UK's Department for International Development to invest about $60 million (about N9.42billion) to help boost the coverage of priority health technologies and intervention services that benefit over one million poor Nigerians.

Canada invests $18m on polio eradication in Nigeria : The Canadian International Development Agency (CIDA) has allocated $18 million to polio eradication in Nigeria through a grant that will support surveillance and response system, increase targeted polio vaccination campaigns and strengthen the routine immunization system.

We are investing billions in barite mining – Chicason Group : Engr. Linus Iluzue is the group managing director of RIMCO Ltd, Promocare Industrial and Chemical Limited and AZ Petroleum, all members of Chicason Group of companies based in the South-east industrial hub of Nnewi, Anambra state. The group is the second highest employer of labour after the state government with about 3, 500 employees.

RegCharles Finance invests $130,000.00 in bottled water SME : In furtherance of her empowerment of MSME in the real sector of the Nigerian economy, RegCharles Finance and Capital Limited has injected a long term investment of $130,000.00 into Sarvil Limited using a mixture of debt and micro-equity to expand their business, upgrade their production facilities, improve the distribution networks and facilities.

And more on: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-may-16

Investments in Nigeria this week

Investments in Nigeria

Etisalat Nigeria To Invest $500m To Gain Market Share : In an effort to gain market share in Nigeria, the Nigerian unit of the UAE-based mobile phone operator, Etisalat, on Thursday said plans are afoot to spend $500 million in network expansion in the Nigerian market this year.

Nigeria Invests $1 Billion In New ICT Incubation Centres : The Nigerian government has made available $1 billion for the construction of incubation centres throughout the country to stimulate growth in local software content.

Cummins invests N395bn in captive power plants : Cummins Incorporated is investing about N395 billion($250 million) in power related investments in the country over a period of five years in Joint Ventures operation to provide captive power to industries to design, construct, operate as well as maintain gas-fuelled power plants in the country.

Nigeria, Poland sign investment pact : Federal Government has signed an agreement with Poland to explore areas of investment opportunities available in the country.

Guri LG expends N113m on projects : THE Guri Local Government Area of Jigawa State has expended over N113 million in executing capital projects in the area to improve the socio-economic lives of the people.


Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-april-18

Opportunities for Nigerian/African

Good News! You Qualify for 2012/2013 NNPC/Total National Merit scholarship Scheme! : Over the years, NNPC and Total Upstream Companies in Nigeria have demonstrated a high level of commitment towards the educational development of Nigerian Students as part of its Corporate Social Responsibility. This commitment has been confirmed in several ways, one of which is the annual award of scholarships to deserving Nigerian students in tertiary institutions. The programme is aimed at promoting academic excellence and qualitative manpower development in the nation.

10,656 teaching jobs for graduates coming : The National Directorate of Employment (NDE) says it will create 10,656 jobs for graduates of Education-related courses under its Graduate Coaching Scheme (GCS).

W/Bank to spend fresh $120m on urban water supply in Nigeria : The World Bank is to provide additional 120 million dollars credit facility to Nigeria to boost water supply in urban cities, the Coordinator of the project, Mr Benson Ajisegiri, said.

Nigeria’s Omoluabi Garment Factory to create 10,000 jobs : Around 10,000 jobs will be created at Omoluabi Garment Factory located in Nigeria’s province of ?sun, Governor Rauf Aregbesola said, while addressing a public event hosted by the volunteer group De Raufs in the state capital city of Osogbo.

Nigeria: Shyllon Donates N30 Million Sculptures to Freedom Park : The old British Prison located along Broad Street Lagos which has since metamorphosed into a cultural recreation centre known as Freedom Park, wore a fresh and more tourism like look last week, when nothing less than 18 life-size sculptural works were commissioned by Omooba Yemisi Shyllon.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-april-11

Investments in Nigeria
Weekly roundup of investments in Nigeria:

Nigeria: Deepwater Oilfields to Generate U.S.$66 Billion Investments : Multinational oil and gas-producing companies in Nigeria, under the aegis of Oil Producers' Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI) have stated that deepwater oilfields had the potential to generate $66 billion of investments for the country.

Seven Energy increases gas investment to $825m : Seven Energy International Limited, an independent Nigerian oil and gas exploration, development and production company founded in 2004, has increased its gas investment in the country to $825m.

Nigeria:FG Invests N5trn In 2,500mw Power : The Federal Government in a bid to curtail the epileptic power situation in the country has spent about N5 trillion ($31.45 billion) from 1999 till date. But it has only been able to increase the country’s electricity generating capacity by about 2,500 mega watts over the last 14 years.

Read more: http://www.shikenan.com/article-details/best-of-naija-weekly/online-nigeria-weekly-round-up-april-4