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Tag: India

Conferences featured

Shettima returns from BRICS summit, after trade talks with India’s PM

Vice President Kashim Shettima has returned to Nigeria following his participation in the 18th BRICS Leaders’ Summit held in New Delhi, India, where he represented President Bola Tinubu. He arrived back on Tuesday after taking part in high-level summit sessions and a series of bilateral talks covering trade, investment, energy, technology, healthcare and other sectors […]

Business featured

India-Nigeria trade hits $9bn, rises by 26%

India-Nigeria bilateral trade rose by 26 per cent to about $9 billion in 2025–26, from $7.13 billion recorded in 2024–25, as economic ties between both countries deepen beyond oil and commodities into manufacturing, healthcare, energy, technology and job creation. Vanguard reported that the Indian High Commissioner to Nigeria, Abishek Singh, disclosed that more than 200 […]

Oil and Gas

India’s HPCL buys two million barrels of Nigerian crude

India’s Hindustan Petroleum Corp has purchased two million barrels of Nigeria’s Utapate and Okwuibome crude for delivery in late September, in a deal that highlights continued demand for Nigeria’s premium crude grades from one of Asia’s major refining markets. The purchase was disclosed by Reuters on Tuesday, citing trade sources familiar with the transaction. According […]

Appointments

New Nigerian High Commissioner to India assumes office

Nigeria’s High Commissioner to India, Saidu Muhammad, has assumed office in New Delhi. He formally took up the position on Thursday, days after his arrival in India with his spouse, Rukayya Muhammad. According to a statement made available to The PUNCH on Saturday, Muhammad was received at the Indira Gandhi International Airport by officials of […]

News

Court fines Indian vessel, crew $6m for cocaine importation

A Federal High Court in Lagos has convicted an Indian merchant vessel and its 11 crew members, ordering them to pay a combined $6 million in fines and restitution over the importation of 31.5 kilograms of cocaine into Nigeria. The National Drug Law Enforcement Agency disclosed the development in a statement issued on Thursday by […]

Meta to give EU users more power over Facebook, IG content
Tech

Tech giants pledge billions of dollars for India AI push

Tech giants have pledged to channel hundreds of billions of dollars into AI initiatives in India, amid a major summit that has drawn world leaders and top industry executives. Record investments are pouring into artificial intelligence as governments and corporations worldwide race to deploy the technology. Hyperscalers, including Amazon, Microsoft, Meta, and Alphabet — have […]

Business

India’s Adani pledges $100bn for AI data centres by 2035

The Adani Group of India announced on Tuesday its plan to invest $100 billion by 2035 in developing hyperscale AI-ready data centres powered by renewable energy. This move supports New Delhi’s efforts to position the country as a major global hub for artificial intelligence. The announcement aligns with India’s ongoing five-day global AI summit, which […]

Food

India shifts export focus from Iran to Nigeria for Basmati rice

India is actively seeking new markets for its basmati rice as political unrest and economic instability in Iran disrupt shipments and delay payments. The Indian Rice Exporters Federation disclosed this development on its official website, citing fears of stalled consignments and payment defaults. The move comes amid weeks of nationwide unrest in Iran over economic […]

Investment

Putin pledges uninterrupted fuel supply to India despite US pressure

Russian President Vladimir Putin has declared that Moscow is ready to provide “uninterrupted shipments” of fuel to India, as Delhi continues to face mounting pressure from the United States to cease purchasing Russian oil. Speaking alongside Indian Prime Minister Narendra Modi in Delhi, Putin questioned why India should be punished for buying oil when the […]

Business

India withdraws order mandating pre-installed cybersecurity app for smartphones

The Indian government has withdrawn its directive requiring smartphone makers to pre-install a state-run cybersecurity app on all devices following widespread backlash. Authorities had quietly instructed manufacturers and importers on November 28 to add the Sanchar Saathi (“Communication Partner”) app to all new phones within 90 days and deliver it to older devices via software […]

Shares rises as US lifts export ban on chip design software
Business

India’s chip market surges, targets $110bn by 2030

India will begin commercial semiconductor production by the end of 2025, Prime Minister Narendra Modi said Tuesday, touting his nation as a future “global hub” for chip innovation. Modi, speaking in New Delhi at the launch of the annual Semicon India conference, said test chips from Micron and Tata were already being produced. “Commercial chip […]

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