216 Chinese firms recently visited the West African country of Nigeria to look into investment prospects. Of the 216 firms, 74 are interested in investing in the country’s oil sector. 216 Chinese firms visited Nigeria to explore investment prospects. 74 of the Chinese firms are interested in investing in Nigeria’s oil and gas sector. The…
Details
Nigeria’s car export industry remains underdeveloped, with the country relying heavily on imports to meet its automotive demands. Nigeria relies heavily on car imports to meet automotive demands In 2024, Nigeria saw a decline in passenger car imports due to inflation and naira depreciation Inflation, forex scarcity, and weakened purchasing power led to a surge…
Details
The United States is in preliminary discussions with the Democratic Republic of Congo (DRC) regarding a potential minerals-for-security agreement. Preliminary discussions between the U.S. and DRC involve a potential minerals-for-security agreement The deal would grant U.S. companies access to DRC’s critical minerals in exchange for military assistance DRC aims to leverage its mineral wealth for…
Details
The Nigerian National Petroleum Company (NNPC) Limited has confirmed ongoing negotiations for a new naira-for-crude deal with Dangote Petroleum Refinery. NNPC is negotiating a new naira-for-crude deal with Dangote Petroleum Refinery. The initial agreement with Dangote Refinery was a six-month contract set to expire in March 2025. NNPC has supplied over 48 million barrels of…
Details
Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced a major anti-corruption milestone, recovering nearly $500 million in misappropriated funds last year. Nigeria’s EFCC recovered nearly $500 million in misappropriated funds last year. EFCC secured over 4,000 criminal convictions, the highest record since its establishment. Nigeria still ranks 140 out of 180 on Transparency International’s…
Details
The United States remains one of the most diverse countries globally, with millions of immigrants from various parts of the world shaping its economy, culture, and workforce. The United States has a diverse immigrant population from various parts of the world shaping its economy, culture, and workforce Mexico leads the list of the top 10…
Details
