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Nigeria remains on course for crude oil bonanza as global prices surge to $112 per barrel

NIGERIA could be on course for another petroleum bonanza as the price of crude oil surged to $112 a barrel as growing tensions in the Middle East and the closure of the Straits of Hormuz in particular have made the markets jittery.

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Looking at the Apapa port deal President Tinubu signed with Prime Minister Starmer, I am asking myself why not decongest Lagos with an Atlantic coastline plan that looks like this

Ayo Akinfe

[1] Nigeria will build 10 ports along our Atlantic coastline at Badagry, Lekki and Apapa in Lagos State, Ayetoro in Ondo State, Warri in Delta State, Brass in Bayelsa State, Port Harcourt and Onne in Rivers State, Calabar in Cross River State and Ikot Abasi in Akwa Ibom State

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Ekweremadu could be the first person returned to Nigeria under new deportation deal with UK

NIGERIA'S former deputy senate president Senator Ike Ekweremadu could be among those first to be repatriated from the UK following the recent signing of a bilateral deal between both nations dealing with failed asylum seekers and convicted offenders.

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I find it inconceivable that President Tinubu and Prime Minister Starmer can agree a bilateral trade deal in 2026 that does not include a clean energy element that looks like this

 

Ayo Akinfe

[1] As from January 1 2027, no building in Nigeria will be granted a Certificate of Occupancy (C of O) unless it has solar panels installed on its roof. Not having one will attract prosecution with the risk of the property being forfeited to the federal government

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Nigeria and the UK sign mega Lagos port expansion plan aimed at boosting bilateral trade

NIGERIA and the UK have signed a £746m export finance deal to support the redevelopment of the Lagos Apapa and Tin Can Island port complexes as part of a major trade expansion  plan aimed at boosting commerce between both nations.

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Man U and Liverpool join other clubs in scouting Aina as Forest face the threat of relegation

SEVERAL English Premier League clubs have begun scouting Super Eagles fullback Ola Aina amid concerns that his club Nottingham Forest might get relegated to the Championship at the end of the season.

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As we await the full details of President Tinubu and Prime Minister Starmer’s deal, I hope they agreed on a timber products pact that involves Nigeria supplying the UK with furniture

Ayo Akinfe

[1] Given that 45% of Nigerian timber exports are rosewood, a highly prized wood used for the production of luxurious furniture we need to start tapping into this. For starters, we need to ban the export of raw wood immediately

[2] Using the UK as a major market, I hope they agreed that Nigeria must match Brazil’s production of 11bn kg of timber by 2030

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NSIA and UK firm Asset Green sign MoU for the building of mega dairy facility in Nigeria

BRITISH company Asset Green and the Nigeria Sovereign Investment Authority (NSIA) have signed a memorandum of understanding (MoU) as the first step in an ambitious plan to build a mega integrated dairy livestock production and processing facility.

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I am hoping that President Tinubu used his state visit to the UK to set stringent foreign direct investment targets for industrialists and the City of London

Ayo Akinfe

[1] Over recent years, President Tinubu has been trying to attract foreign direct investment (FDI) into Nigeria. As commendable as this appears, it is only scratching the surface

[2] According to the Africa Development Bank, Nigeria has an annual infrastructural investment deficit of $1000m. This is the level of investment we need annually if we want to become a nation that lives at ease with itself

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Chelle drops Osimhen and Nwabali from 23-man squad from four-nation friendly tournament

SUPER Eagles head coach Eric Chelle has named a 23-man squad for the forthcoming four nation international friendly tournament taking place later this month that includes the surprise omission of star striker Victor Osimhen.

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