Category Archives: ECONOMICS

NIGERIA CUSTOMS SERVICE GENERATED N850 BILLION(APPROX US$5.5 BILLION) IN 2012; TARGETS N1 TRILLION IN 2013

Mr Abdullahi Dikko Inde, Comptroller General, Nigeria Customs Service CHANNELS TELEVISION, LAGOS 6 February, 2013 The Nigeria Customs Service is targeting a major increase in the amount of revenue it generates for the country. The Public Relation Officer of the … Continue reading

Posted in BUNKERING, ECONOMICS, NIGERIA, NIGERIA CUSTOMS SERVICE, NIGERIAN PARAMILITARY FORCES, PIRACY, SECURITY ISSUES AND CONCERNS, Uncategorized | Tagged , | Leave a comment

NIGERIA IMMIGRATION SERVICE STEP UP BORDER PATROL TO CURB ILLEGAL IMMIGRANTS

THISDAY 31 January, 2013 As part of its effort to curb the influx of illegal immigrants into the country, the Nigerian Immigration Service (NIS) has reinforced the country’s border by recalling more officers from the hinterland where they are not … Continue reading

Posted in AFRICA PARTNERSHIP STATION, ANSAR DINE, ARMED CONFLICT, BORDER SECURITY, COUNTERINSURGENCY OPERATIONS, ECONOMICS, GULF OF GUINEA, JOINT SECURITY TASK FORCE, JOS ETHNORELIGIOUS CONFLICT, MALI, MARITIME SAFETY AND SECURITY, MILITARY EXERCISES, MILITARY PHOTOS, NIGER, NIGERIAN ARMED FORCES, NIGERIAN PARAMILITARY FORCES, PIRACY, POLICE FORCES, RELIGIOUS FUNDAMENTALISM, SOLID MINERALS, SPECIAL TASK FORCE, SUDAN, TERRORISM, URBAN GUERRILLA WARFARE, WEST AFRICAN STANDBY FORCE | Tagged , , | 3 Comments

NIGERIAN ECONOMY: Q3 2012 INVESTMENT INFLOWS JUMPED 87.39%, HIT US$6.O7BN; Q3 2012 FOREX INFLOWS HIT US$30.67 BN(12% GROWTH)…Q3 2012 EXPORT TRADE VOLUME STOOD AT US$24.37 BN – CBN REPORT

DAILY TRUST 11 January, 2013 The Central Bank of Nigeria (CBN) has announced that the Nigeria aggregate foreign capital inflows in the last quarter of 2012 stood at $6.07 billion against $3.43 billion and $3.24 billion recorded in Q2 2012 … Continue reading

Posted in ECONOMICS, NIGERIA, RISK ANALYSIS | Tagged | 7 Comments

NIGERIA: FOREIGN EXCHANGE RESERVES NOW OVER US$40 BILLION – CENTRAL BANK GOVERNOR

THE NATION 27 August, 2012 For the first time in many years, the nation’s external reserves leaped to over $40 billion. The Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, attributed the increase in the reserves to … Continue reading

Posted in AFRICA, ECONOMICS, GULF OF GUINEA, MARITIME SAFETY AND SECURITY, NIGERIA, OIL & GAS, RISK ANALYSIS, SECURITY ISSUES AND CONCERNS | Tagged , , | Leave a comment

CHINA’S AFRICAN INFLUENCE EXPANDING: NIGERIA IN FOCUS

• Partnership signed that exchanges oil for arms, technology WMD(G2 BULLETIN) by F. MICHAEL MALOOF 26 August, 2012 WASHINGTON – Beijing, which already has extensive holdings in Nigeria, is taking advantage of the lack of response from the U.S. to … Continue reading

Posted in AFRICA, AFRICA PARTNERSHIP STATION, AFRICAN ARMED FORCES, ARMED CONFLICT, BUNKERING, CHAD, CHINA-AFRICA RELATIONS, COUNTERINSURGENCY OPERATIONS, ECONOMICS, EQUATORIAL GUINEA, ETHIOPIA, GLOBAL DEFENCE NEWS, GULF OF GUINEA, JOINT SECURITY TASK FORCE, JOINT(MILITARY)TASK FORCE IN THE NIGER DELTA, KENYA, MARITIME SAFETY AND SECURITY, MILITARY HARDWARE, NIGER DELTA CONFLICT, NIGERIA, NIGERIAN ARMED FORCES, NIGERIAN MILITARY HISTORY, OIL & GAS, PIRACY, RISK ANALYSIS, SECURITY ISSUES AND CONCERNS, SOUTH SUDAN, SPECIAL TASK FORCE, STATE SECURITY SERVICE, SUDAN, TERRORISM, UGANDA, URBAN GUERRILLA WARFARE, WEST AFRICAN STANDBY FORCE | Tagged , , , , , , , , , , , , , , , | 34 Comments

ATTENTION SSS: FORMER MERCENARY SIGNS $850 MILLION NIGERIAN OIL DEAL

Colonel(rtd)Sambo Dasuki, National Security Adviser THE GUARDIAN Sunday, 15 July 2012 MAJOR oil industry players in Nigeria have expressed concerns over the recent $850 million acquisition of 45 per cent participating interest in a producing oil-mining lease in Nigerian OML … Continue reading

Posted in AFRICA, ECONOMICS, GULF OF GUINEA, MARITIME SAFETY AND SECURITY, NATURAL RESOURCES, NIGER DELTA CONFLICT, NIGERIA, NIGERIAN ARMED FORCES, NIGERIAN MILITARY HISTORY, NIGERIAN PARAMILITARY FORCES, NIGERIAN SPECIAL FORCES, RISK ANALYSIS, SECURITY ISSUES AND CONCERNS, STATE SECURITY SERVICE, U.S. AFRICA COMMAND, WEST AFRICAN STANDBY FORCE | 15 Comments

PRESIDENT JONATHAN OPENS DANGOTE CEMENT 5.25 METRIC TONNES/PA OBAJANA PRODUCTION LINE 3; CAPACITY MORE THAN DOUBLED TO 10.25MT/PA..OBAJANA SET TO BECOME LARGEST CEMENT PLANT IN THE WORLD BY 2015

Alhaji Aliko Dangote, Africa’s richest man LEADERSHIP Mon, 11/06/2012 The backward integration policy of the Federal Government in the cement sub- sector of the economy is to receive further boost today as President Goodluck Jonathan commissions additional 5.25million metric tonnes … Continue reading

Posted in AFRICA, ECONOMICS, INFRASTRUCTURE, NIGERIA | Tagged , , , , | Leave a comment

NIGERIA, AFRICA’S TOP FOREIGN INVESTMENT DESTINATION WITH US$116 BILLION IN INFLOWS IN A DECADE..KENYA,SA AND NIGERIA AMONG TOP 20 INVESTORS IN AFRICAN ECONOMIES – ERNST AND YOUNG

President Goodluck Jonathan of Nigeria THE GUARDIAN 4 June, 2012 NIGERIA has received over $116 billion (N18.5 trillion) Foreign Direct Investment (FDI) in the last decade; making the country the largest recipient in Africa, a new survey by Ernst & … Continue reading

Posted in AFRICA, ECONOMICS, GULF OF GUINEA, KENYA, NIGERIA, OIL & GAS, RISK ANALYSIS | Tagged , | Leave a comment

SOUTH AFRICA AND NIGERIA: BEST OF ‘FRENEMIES’

MMEGI ONLINE 25 May, 2012 Our diplomats shake hands and smile for the cameras, our governments say all the right things, and neither country acknowledges what they think is really at stake: Africa’s future and the chance to dominate it. … Continue reading

Posted in AFRICA, ECONOMICS, INFRASTRUCTURE, NIGERIA, OIL & GAS, POLITICS | Tagged , , , , , | 7 Comments

NIGERIA TRADE INDIGENISATION: 45 CHINESE NATIONALS ARRESTED IN KANO FOR PARTAKING IN BUSINESSES FORECLOSED TO FOREIGNERS

Mrs Rose Uzoma, Comptroller General, Nigeria Immigration Service DAILY TRUST Kano Wednesday, 23 May 2012 The Nigeria Immigration Service (NIS) yesterday arrested about 45 Chinese nationals at the Kantin Kwari textile market over what it described as an attempt by … Continue reading

Posted in AFRICA, CHINA-AFRICA RELATIONS, ECONOMICS, GULF OF GUINEA, NIGERIA, NIGERIA IMMIGRATION SERVICE, SECURITY ISSUES AND CONCERNS | Tagged , , | 2 Comments