Via Bloomberg, a report on Nigeria’s $1.5 billion Lekki port built by China Harbor Engineering Co. which will be West Africa’s biggest port, cut waiting times offshore: Nigeria is betting a deep sea port set to open early next year will help revive an economy grappling with soaring inflation, stagnating growth and slumping foreign investment. […]
Read more »Via Fast Company, a report on Nigeria’s tech and crypto culture: Nigeria sits at Africa’s heart: Geographically, it’s nestled middle-left of the curve in the kidney bean-shaped land mass, and its economy boasts the highest GDP on the continent (nearing $450 billion in 2021). The pulse of the country beats with the pace of rapid […]
Read more »Via Bloomberg, a report on a potential $25B gas line from Nigeria to Morocco: An investment decision on a $25 billion gas pipeline from Nigeria to Morocco that could supply the fuel to Europe will be taken next year, the head of the West African nation’s state oil company said. The Nigerian National Petroleum Co. and Morocco’s […]
Read more »Via AfricaNews.com, an article on a new Nigeria-Morocco gas pipeline project: A memorandum of understanding on a gas pipeline project linking Nigeria to Morocco, which will also supply West Africa and Europe, was signed on Thursday in Rabat, an official source said. The memorandum on the Nigeria-Morocco gas pipeline project (NMGP) was initialled by the […]
Read more »Via VOA, an article on African oil production: Nigeria has lost its position as Africa’s top oil producer to Angola, industry insiders say, and could soon become third after Libya. Oil analysts say Nigeria’s production struggle is coming at the worst time, as oil prices have jumped, partly because of Russia’s invasion of Ukraine. According […]
Read more »Via The Africa Report, an article on how China will overtake the EU as Africa’s biggest trade partner by 2030: China is aiming to overtake the EU as Africa’s biggest trade partner by 2030, a new report by the Economic Intelligence Unit (EIU) says. The report published on 3 August, says that China plans to continue […]
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