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Nigeria News

Pharmaceuticals;Mergers & Acquisitions

Strides acquires Sandoz branded generics portfolio to expand Sub-Saharan Africa footprint

Strides Pharma has agreed to acquire a portfolio of branded generic products from Sandoz across Sub-Saharan Africa, covering anti-infective, cardiovascular, and dermatology segments. The $12 million deal spans four key markets and includes both full acquisition and continued marketing rights, positioning Strides among the region's top five pharmaceutical companies.

Sub Saharan Africa;Nigeria | 4 weeks ago

Investments & Funding

Japan and Nigeria launch JPY 3.142 billion initiative to bolster startup ecosystem and private capital mobilization

The Japan International Cooperation Agency and the Nigeria Sovereign Investment Authority have established a long-term partnership to finance West African startups. With a JPY 3.142 billion grant, the project aims to stabilize the local venture capital environment, foster social entrepreneurship, and create new corridors for strategic collaboration between Japanese enterprises and Nigerian innovators.

4 weeks ago • Nigeria

Agriculture & Farming

Nigeria launches $500 million SPIN initiative to modernize irrigation and dam infrastructure

The Nigerian government has inaugurated the $500 million Sustainable Power and Irrigation for Nigeria (SPIN) project. Supported by the World Bank, the initiative aims to enhance food security and hydropower capacity by upgrading dam safety and transitioning the agricultural sector away from a reliance on seasonal rainfall.

1 month ago • Nigeria

Metals & Mining

Nigeria seals USD 1.3 billion AFC partnership to accelerate mining sector diversification

Nigeria has entered a USD 1.3 billion agreement with Africa Finance Corporation to develop an alumina refinery and expand mineral exploration nationwide. The initiative supports efforts to diversify government revenue, strengthen domestic mineral processing capacity, and reduce reliance on crude oil exports.

1 month ago • Nigeria

Chemicals & Fertilizers

Saipem scures Licensing and FEED mandates from Dangote Fertilizer for Six African urea complexes

Saipem has won new technology licensing and engineering contracts from Dangote Fertilizer covering six large-scale ammonia-urea complexes in Nigeria and Ethiopia. The projects, incorporating high-capacity urea units, are set to expand Africa’s fertilizer output and strengthen regional industrial integration.

2 months ago • Ethiopia;Nigeria

Latest News

Energy & Power | 3 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 3 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 3 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 3 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.