Tag: Nigeria

Saipem, Chiyoda wins LNG contract in Nigeria
Energy Global

Saipem, Chiyoda wins LNG contract in Nigeria

Italy’s Saipem and Japan’s Chiyoda Corp and Korea’s Daewoo E&C have announced that a joint venture they operate has been awarded an LNG project in Nigeria. According to Reuters News, Saipem will be the leader of the joint venture. The medium reported that the contract is for the front-end engineering […]

Why Nigeria is auctioning N12.7 billion mining contract
Tech

Why Nigeria is auctioning N12.7 billion mining contract

To diversify its export revenue, Nigeria, Africa’s largest economy said it is auctioning mining contracts worth N12.7 billion. The contracts will be given to eight mining firms who are chosen after the auction. The state minister of mineral resources, Abubakar Bawa Bwari, said: “Today the Federal Executive Council (Nigeria’s cabinet) […]

Big Business Policy

Nigeria’s inflation drops to 11.61% in May

For the 16th consecutive time, Africa’s largest economy, Nigeria said its headline inflation dropped to 11.61% for the month of May. Data released by the official statistics office, the National Bureau of Statistics, the Consumer Price Index (CPI) which measures inflation increased by 11.61 percent (year-on-year) in May 2018. This […]