Investments in Nigeria this week

Turkish investors to partner Bauchi state in solid mineral exploration : The Conference of Northern states Chamber of Commerce Industries, Mines and Agriculture (CONCCIMA) in collaboration with Turkish investors have completed arrangement to fast-track the exploration of solid mineral resources in Bauchi state in partnership with the government.

Firms invest N500m in Nigerian celebrities for brand reach : Nigerian companies are increasingly leveraging the entertainment industry to cast their goods and services in better light and this has opened up a N500 million market for music artistes, actors and sportsmen.

Katsina invests over N3bn in agriculture, job creation : Katsina state, in partnership with International organization from the Peoples Republic of China has invested N3.440 billion in agricultural productivity, poverty reduction, employment generation and wealth creation.

AfDB Boosts Nigeria’s Transport, Governance With $300m Loan : African Development Bank Group has approved a loan of $300 million to support the Nigerian Government to accelerate reform implementation in the areas of transport sector, governance, and public expenditure management.

Korean firm to buy 70% of Egbin Power Plant for $407.3m : The National Council on Privatisation (NCP) yesterday approved the sale of 70 per cent of Egbin power plant in Lagos to a Korean firm, KEPCO at $407.3 million.

Swedish firm targets Nigeria’s oil industry : Nigeria’s oil and gas industry may attract a major investment as Alfa Laval – a leading Swedish equipment manufacturer has concluded arrangement to collaborate with an indigenous firm, Jocam Nigeria Limited, to provide parts and maintenance services for all the former’s equipment with manufacturer’s warranty.

Read so much more: http://www.shikenan.com/article-details/life-abroad/online-nigeria-weekly-round-up-march-7

nice development but we need to take the issue of corruption seriously in order to encourage investors.