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France Hands Over Stolen Nigerian Artifacts

France Hands Over Stolen Nigerian Artifacts

AFRICANGLOBE – It is no longer news that many Nigerian artifacts are in Europe and America held by both public institutions such as Museums, Universities and Galleries as well as by private individuals, but what is new is the collaborative efforts being made by the Nigerian government and the countries where these artifacts are taken in the first place to repatriate them back to the country where they rightly belong.

Nigerian Oil Company Oando to Acquire Conoco Phillips Nigerian Business for $1.79 Billion

AFRICANGLOBE – Nigeria’s leading indigenous energy group, Oando PLC, has announced its affiliate Oando Energy Resources (OER), which is listed on the Toronto bourse (TSX), has entered into agreements with ConocoPhillips (COP) to acquire its entire business interests in Nigeria for an estimated cash of $1.79 billion including customary adjustments.

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Qatar to Invest $390m In Nigeria’s Transport Sector

AFRICANGLOBE – Nigeria and Qatar have finalised plans to sign a memorandum of understanding (MoU) for the investment of $390 million in former’s transport sector in 2013. Nigerian newspaper BusinessDay quoted Nigeria’s Minister of Trade and Investment, Olusegun Aganga, who disclosed this on Tuesday in Abuja, as saying: “Nigeria and Qatar have concluded arrangement on […]

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Nigerian Stock Exchange Targets $1 Trillion Market Capitalization By 2016

AFRICANGLOBE – Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has disclosed plans for the NSE to hit  $1 trillion market capitalisation by 2016. Speaking at the 21st AGM and Delegates’ Conference of the Financial Market Dealers Association (FMDA) in Lagos, Onyema said:“If you look at the purchasing power parity, at […]

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Nigerian Finance Minister’s Mother Rescued from Kidnappers

AFRICANGLOBE – The Nigerian Police has confirmed the release of Prof. Kamene Okonjo, mother of Nigerian Finance Minister Ngozi Okonjo-Iweala, five days after her abduction from Ogwashi-Uku in Delta state, an alert from the News Agency of Nigeria has said. A corroboration of this claim was also contained in a statement signed by the Special […]

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Nigerian Aviation Industry Generates $25 Billion

AFRICANGLOBE – A recent reports indicate that over $25 billion has been generated in Nigeria by foreign and domestic airlines, charter service providers and cargo operators. According to the reports, the earnings have been generated from passenger tickets, cargo freight charges and payment for charter services, while government operators or service providers, including the Federal […]

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Architecture That Saves Nigerians 30% On Building Cost

AFRICANGLOBE – When Lagos, the commercial heart of Nigeria, moved to create more space for its 15 million populace, it went as far as fighting back the Atlantic ocean off its coast to reclaim millions of square kilometres of land – a strong indication of the severity of the congestion of the city. James Inedu […]

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Nigerian Students Invent Urine Powered Generator

AFRICANGLOBE – It’s ironic that Nigeria, Africa’s leading oil producer, suffers from frequent fuel and power shortages. But four Nigerian students have found a solution from an unlikely source: urine. Most Nigerians have to rely on generators because of the epileptic power supply. Many businesses have also closed down because they cannot afford to buy […]

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GlaxoSmithKline to Invest $1Billion In Nigerian, Indian Businesses

AFRICANGLOBE – Britian’s largest drugmaker, GlaxoSmithKline Plc (GSK) has disclosed plans to invest $1 billion in its Nigerian and Indian units, in a bid to reduce reliance on pharmaceutical products and western markets and increase shares in the fast growing emerging markets. Pharmaceutical giant, GSK said on Monday it will spend $98 million to acquire […]

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