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Kenyan consumer group seeks details of $500m Dangote

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Kenyan consumer group seeks details of $500m Dangote Refinery

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Tag: India

31.5 million Nigerians at risk of food crisis - Report
featured News

Rice prices to increase as India bans product exports

The world’s biggest rice exporter, India has banned some overseas sales of the grain “with immediate effect”, in a move that could drive international prices even higher.   Rice is a major world food staple and prices on international markets have soared to decade highs as countries, especially, Nigeria, grappled with the Covid pandemic, the […]

Tinubu, Dangote, Elumelu, Otedola, 35 others to attend business summit in Indian
Business

India to overtake China as Nigeria’s top trading partner – Report

In the coming decade, India is expected to overtake China as Nigeria’s top trading partner, according to a report by Standard Chartered and its partners. Nairametrics reported that the “Future of Trade 2030- Trends and Markets to Watch” research noted that Nigeria’s fastest and largest export corridor will be India, with exports anticipated to rise […]

Nigerian, Indian flag
Investment

India invests $20bn in Nigerian economy — Envoy

Indian companies have invested a total of $20billion into the Nigerian economy through the setting up of manufacturing companies and creating jobs.   According to The Nation, its Consulate-General in Lagos, Shri Chandramouli Kern, said Nigeria is also the biggest trading partner of India with trading volumes hovering around $15billion yearly.   Kern, made this […]

Apple first store in India
Business

Apple unveils first store in India 

Apple has on Wednesday unveiled the look of its first retail store in India, with people gathering outside to catch a glimpse of its black and yellow artwork. According to Reuters, the store is still in barricades and expected to open in April. Despite only having a 3% share of India’s smartphone market due to […]

Foxconn
Business

Apple supplier Foxconn plans $200m AirPod factory in India

Apple’s largest IPhone assembler, Foxconn has won an order to make AirPods for Apple and plans to establish the factory for the wireless earphones in India. This was according to the information Igotten from two individuals with direct knowledge of the company’s decision and told Reuters. This contract will make Foxconn an AirPod supplier for […]

Business featured

Nigeria, India commerce volume hit $14b in 2022

Nigeria and the Republic of India conducted $14.95 billion worth of commerce in 2022. At the 74th Republic Day of India, in Abuja, the Indian High Commissioner to Nigeria, Gangadharan Balasubramanian, revealed this. According to Balasubramanian, between 2021 and 2022, India bought ten and a half billion dollars’ worth of oil from Nigeria. According to […]

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