Thursday, February 1, 2024

Video - Largest ship to berth at Nigerian port arrives in Lagos, Nigeria



The vessel, named CMA CGM Scandola, has capacity for 14,000 Twenty-foot Equivalent Units (TEUs) of containerised imports. It arrived at Lekki Port on Monday.

CGTN 

Related stories: New China-assisted light rail services commences in Abuja, Nigeria

Nigerian company begins operating $1.3 billion Chinese-funded power plant

Video - Experts share views on railway projects in Nigeria under BRI cooperation

 

Video - Seven children killed by improvised explosive device in northeast Nigeria



An official says the device detonated as the victims tried to retrieve it to sell it as scrap metal to a 15-year-old metal scavenger.

CGTN

Nigeria seeks to resolve disputed oilfield issues, denies criminal liability

Nigeria wants to resolve outstanding issues around the disputed OPL 245 oil block as it seeks to attract investment to its oil and gas industry and has held talks with Shell and Eni to discuss the matter, its oil minister said on Wednesday.

Minister of State for Petroleum Heineken Lokpobiri reiterated the government's position that there was no criminal liability on its part, or by the other parties, in the oil block deal, which has been embroiled in litigation for years.

Nigeria in November, withdrew a $1.1 billion civil claim against Shell (SHEL.L) and Eni related to allegations of corruption in the deal, ending all litigation around the oil asset.

An Italian court in 2021 acquitted Shell, Eni, the operator of the block, and company executives of corruption allegations in the acquisition of the field a decade earlier.

"For 28 years, there has been no investment there. Nobody has benefited from the block," Lokpobiri told reporters. "The President in his wisdom directed that we should resolve the problems around OPL 245."

Lokpobiri said the government is committed to resolving the issues surrounding OPL 245 in a way that benefits all parties and has held meetings, including in London last week, with Shell and Eni to discuss the matter.

Shell and Eni did not immediately respond to requests for comment. 

By Camillus Eboh, Reuters

Tuesday, January 30, 2024

Video - Nigeria leather industry earnings projected to hit $1 billion by 2025



Leather sector players in Africa’s largest economy say the industry remains untapped despite its huge economic potential. They are calling on the government’s support.

CGTN

Related stories: Video - Nigeria’s ponmo cuisine under threat as the leather sector seeks growth

Nigerians warned against eating ponmo due to Anthrax outbreak

 

 

 

Monday, January 29, 2024

Video - Nigeria box office revenue soars as popular releases draw crowds to cinemas



Nigeria's cinemas have announced cumulative revenue of 21.5 million dollars over the past three years. Analysts attribute the strong performance to a combination of popular film releases and a surge in ticket sales

CGTN

Related story: Top Foreign Movies That Were Filmed in Nigeria