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Expanding Economic Partnership with Nigeria Has Always Been Top Priority of Nigeria/Korea Diplomatic Relationship, Says Envoy
Expanding Economic Partnership with Nigeria Has Always Been Top Priority of Nigeria/Korea Diplomatic Relationship, Says Envoy
By: Michael Mike
The Korean Ambassador to Nigeria, Kim Pankyu has said expanding economic partnership with Nigeria has always been top priority of his country since the establishment of Nigerian/Korean diplomatic relationship over 44 years ago.
Speaking at a press conference on Monday in Abuja, the envoy who have only spent 50 days in Nigeria, said: “First and foremost, I would like to do my best to further expand economic exchanges between Korea and Nigeria. Promoting economic partnership has always been the focus since the establishment of the diplomatic relations between our two countries 44 years ago.
“Nigeria is already Korea’s top 5 trade partners in Africa. I believe we can do more. Since the current Nigerian government is actively carrying out economic reform to improve business environment in Nigeria, I will introduce this change to Korean companies and encourage them to venture into Nigeria and make investment.”
He added that: “Secondly, I will explore ways to deepen security cooperation drawing on my expertise in military and security affairs. In particular, I would like to focus on promoting cooperation on maritime security because securing maritime security in the Gulf of Guinea is essential not only for coastal countries including Nigeria but also for countries passing through this region including Korea. In addition, I intend to expand Korea’s support for capacity building of the Nigerian military and security officers.”
He assured that he would try to facilitate people-to-people exchange between the two countries. “I believe culture has the power to connect people and improve understanding of each other. Korean Culture Centre in Abuja has played an important role in introducing Korean culture in Nigeria so far. I will do my best to provide Nigerians with more opportunities to experience various Korean cultural contents. I will also explore ways to let more Nigerian students study in Korea,” he added.
The envoy said: “I believe the first Korea-Africa Summit to be held in June in Seoul will be a momentous occasion for the relations between Korea and Africa, and also Korea and Nigeria. The inaugural Korea-Africa Summit is expected to be the largest international gathering under the current administration. This reflects President Yoon Suk-yeol’s commitment to fostering a mutually beneficial, sustainable, and strategic long-term partnership with Africa, aligning with Korea’s vision of becoming a Global Pivotal State. This marks a significant step in Korea’s comprehensive strategy to engage more deeply with the Global South, reflecting our commitment to global inclusiveness and cooperation.”
He revealed that Korea will host many side events on this occasion including Korea-Africa Business Summit and a multiple fora on ICT, health, tourism and energy.
He said: “These events will help us come up with practical and concrete measures to expand cooperation. During the Summit, there will be plenty of opportunities for Nigeria and Korea to explore ways to expand their bilateral economic and cultural exchanges both between governments and private sectors. In a nutshell, I believe the upcoming Korea-Africa Summit will set a new milestone in the relationship between Korea and Africa.”
Expanding Economic Partnership with Nigeria Has Always Been Top Priority of Nigeria/Korea Diplomatic Relationship, Says Envoy
News
NGX boss restates commitment to gender equality
NGX boss restates commitment to gender equality
The Group Chairman Nigerian Exchange Group, Dr. Umaru Kwairanga has restated the NGX’s commitment to gender equality and diversity at all levels of the organisation.
Kwairanga stated this in Lagos on Tuesday while delivering his welcome address on the occasion of the closing ceremony in honour of the Honourable Minister of Women Affairs and Social Development, Hajiya Imaan Sulaiman-Ibrahim, who visited the floor of the Nigerian Exchange.
He stated that the Nigerian Exchange Group as an organisation remained committed to inclusiveness that drive growth and development at all levels of the NGX’s dealings.
He stated that through such inclusive representation, the NGX has achieved near parity at the board levels of the organisation and was working to improve the representation of female employees down the line.
“As an institution committed to sustainable growth and practices, we recognise the important qualities and values that women bring to the workplace and know that they perform just as well, if not better than men.
“It is a tradition in finance and investment that can be traced to the origins of the banking, finance and investment professions when most of the trade guilds that evolved into those professions were largely composed of men.
“The tradition has persisted for hundreds of years but despite that nomenclature, let me assure you that the investment and securities sector is very welcoming to and open to city gentlemen who are female.
“Women are very well represented at all levels of our industry and I can confide in you that the next President of the Chartered Institute of Stockbrokers is going to be a woman,” he said.
Kwairanga stated that the NGX would partner with the Ministry to accelerate progress for women’s rights and improve the lot of female gender across the country.
He commended Sulaiman-Ibrahim for her several bold and innovative initiatives that would have positive impact on women and the country as a whole.
NGX boss restates commitment to gender equality
News
Benue troops neutralize one terrorist, arrest four suspects in Gwer West LGA
Benue troops neutralize one terrorist, arrest four suspects in Gwer West LGA
By: Zagazola Makama
Troops of Sector 1 Operation Wirld Stroke deployed at FOB Bilawa-Jor conducted a fighting patrol within Mbapa and Mbabuande general areas on March 23, 2026.
During the operation, troops made contact with terrorists, neutralizing one suspect while others fled.
Following a pursuit, four additional suspects were apprehended and are currently in the custody of security forces for further investigation and prosecution.
In a similar development the troops
recovered a vehicle carrying two cows abandoned by suspected cattle rustlers in Uhemba.
The incident occurred at about 0348hrs on March 24, 2026, when the troops responded to intelligence reports of rustling activities in the area.
Upon the arrival of troops, the suspects fled, leaving behind the vehicle and livestock.
The recovered vehicle and cows are now in the custody of the troops for further investigation and legal action.
Military continue to urge the public to provide timely information on criminal activities to support ongoing security efforts.
Benue troops neutralize one terrorist, arrest four suspects in Gwer West LGA
News
Kogi troops neutralize suspected terrorist in Kabba/Bunu LGA
Kogi troops neutralize suspected terrorist in Kabba/Bunu LGA
By: Zagazola Makama
Troops of 12 Brigade have neutralized a suspected terrorist during a fighting patrol at Odoape–Adankolo Forest in Kabba/Bunu LGA.
The encounter occurred at about 1400hrs on March 23, 2026, when the patrol team made contact with the fleeing suspect.
Preliminary investigation identified the neutralized individual as a notorious terrorist involved in providing intelligence and targets for kidnappings, as well as participating in cattle rustling and supplying logs to terrorist groups.
The military has reaffirmed its commitment to sustaining aggressive patrols and intelligence-led operations to curb criminal activities and protect residents in the area.
Kogi troops neutralize suspected terrorist in Kabba/Bunu LGA
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