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NUPRC: Nigeria Attracted $16bn Oil Sector Investment Commitments in Two Years

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that Nigeria attracted investment of as much as $16 billion in the two years spanning 2023 to 2025. The Commission Chief Executive (CCE), Gbenga Komolafe, stated this in an address themed: “Strategic Imperatives for Advancing Investments Through Upstream Petroleum Regulations“ at the Nigeria-China Sustainable Bilateral Business,…

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Strengthening Financial Bridges: NGX Group and SEC Enhance Nigeria-China Investment Relations

Nigeria’s foremost capital market entities have unveiled strategic initiatives aimed at bolstering cross-border investments, particularly between Nigeria and China. The Nigerian Exchange Group (NGX Group) and the Securities and Exchange Commission (SEC) have indicated that their ongoing engagements in China are part of a broader strategy to enhance Nigeria’s integration with global financial markets and…

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U.S. Shifting To ‘Investment-led’ Strategy In Africa: Senior Official

U.S. trade with Africa ‘will be much more focused around a reciprocal relationship, one that addresses the needs on both sides,’ says ambassador Troy Fitrell. Ambassador Troy Fitrell, senior official at the U.S. State Department’s Bureau of African Affairs, said that Washington is “very directly, very intentionally” shifting toward an “investment-led” strategy in Africa. “The…

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Chinese teacher underscores need for adequate investment in medical technology

Zhibiao Wang, a Chinese medical teacher, has underscored the need for adequate investment in advanced medical technology to promote treatment of tumor health related issues in the human body across Africa. Zhibiao, a Professor of Medicine, disclosed this on Thursday while briefing African media delegation on field visit to Chongqing, the Southwestern Municipality of China, on tour of the 2024 Summit of…

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China’s Xi says ‘upgrading’ Venezuela relations after meeting Maduro

China’s President Xi Jinping has held a meeting with his Venezuelan counterpart, Nicolas Maduro, during which the two leaders agreed to upgrade their countries’ relations. Chinese state media said the two leaders on Wednesday signed several bilateral cooperation documents focused on areas including the economy, trade and tourism after the talks in Beijing. Xi said…

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