NIGERIA EMERGES INDIA’S BIGGEST TRADING PARTNER IN AFRICA,By Thisday newspaper
Nigeria emerged India 's biggest Trading partner on the African continent during the 2006/2007 Trading year, THISDAY can reveal.
India 's exports during the period stood at $901.03 million as against her imports which was $7.021 billion. India 's import from Nigeria is basically Oil .
An analysis of the Trading figures released by India 's DEPARTMENT of Commerce involving the two countries showed that Nigeria had a Trading surplus of about $6 billion during the period in review .
The South African sub-region came second as it recorded a Total of $5.73 billion Trading result with India . Out of this, South Africa led others with exports and imports valued at $4.7 billion.
The Nigeria Liquefied NATURALGasLimited (NLNG) has said that its Train-Seven PROJECT being developed, will generate one billion dollars (about N116 billion) annually. It also said that the New train would allow the Company to further harmonise the monetisation of Nigeria 's GasResources with the Benefits of an “extension PROJECT ”.
HOST COMMUNITIES TO GET PIPELINE SECURITY CONTRACT,Thisday NewsPaper
The FEDERALGovernment yesterday said it would henceforth, AWARD contract for the PROTECTION of Petroleum pipelines across the country to COMMUNITIES hosting the pipelines, as part of measures to curb pipeline vandalisation.
This is in reaction to the December 25 pipeline explosion, which led to loss of lives in a Community in Lagos .