News
Nigeria export to Angola hits $16.8m between 2020-2022
Nigeria export to Angola hits $16.8m between 2020-2022
By: Michael Mike
The Secretary of State for International cooperation and Angola communities, Domingos Lopes has said Nigeria’s export to Angola between 2020 and 2022 hit $16.8million.
Lopes made the disclosure at the first Angola-Nigeria business Interactive Forum in Abuja.
The Secretary, who represented the Minister of External Relations, His Excellency Téte Antonio said the ties between both countries were marked by signing of the first economic, technical —scientific and cultural cooperation agreement in 1976, adding that exchange between the two has been remarkable in the diplomatic, defence and security, petroleum, education, culture and transportation.
He said: “In the last three years (between 2020 and 2022), Angola exportation of goods to Nigeria was estimated at USD 5.6 million and its importation stood at USD 16.8million, corresponding to a negative trade balance of about USD
11.2million.”
He revealed that Angola exported crude oil weighing about 42% to Nigeria, optics and precision accounting for 20%, mechanical machines and devices with their own function, accounting for 14% of the total volume of exports.
He said in the area of importation of acquired product group were machine and apparatus, CKD, plastics, rubbers and other transport materials. These groups in their total represent more than half of the total exportation during the period (41%,19% and 15% respectively).
Lopes also noted that Angola counts on the support of Nigeria during its economic reform, but lamented that: “The present international system is facing various challenges.
“Angola being part of the system is witnessing a special moment marked by structural reforms that aim to transform its macroeconomic situation.
“To achieve this objective, the Angolan government intend to count on the support of friendly countries who are always on its side, and one of these is indisputably, Nigeria.”
Also speaking at the event, the Minister of Information and National Orientation, Mohammed Idris said the administration of President Bola Tinubu will continue to strengthen both mutual ties, through a deliberate pursuit of productive bilateral relations.
He said: “President Bola Tinubu is desirous to deepen the relationship between Nigeria and other African countries, including Angola.
“Among other things, we are working on signing a Memorandum of Understanding on Public Communication and Media Exchange with the Embassy of Angola in Nigeria, as part of efforts to deepen our relationship.
“Nigeria is very much keen to support Angola’s domestic and foreign aspirations and the country’s overall development, and we expect reciprocity in this regard.”
The Angola Ambassador Designate to Nigeria, Amb. Jose Zau said the forum will help strengthen the economic ties between Nigeria and Angola.
Nigeria export to Angola hits $16.8m between 2020-2022
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
By: Zagazola Makama
Police in Katsina State have successfully rescued six kidnapped victims after intercepting an armed bandit attack on Yankara-Funtua highway in Faskari Local Government Area.
Sources said on Jan. 24 at about 1:25 a.m., unidentified armed bandits blocked the highway and abducted six occupants of a green Honda Civic, registration number AAA 518 BC, en route from Funtua to Faskari.
The DPO Faskari, on routine patrol, promptly engaged the hoodlums in a tactical gunfight.
The bandits were overpowered and fled into the bush, abandoning their mission. All six victims, Rabi Hamisu, Safare Musa, Abubakar Samaila, Shehu Umar, Sara’u Yahaya, and Ibrahim Babangida, were rescued unharmed and safely returned to their homes.
Intensive patrols continue in the area, while efforts to apprehend the fleeing suspects are ongoing.
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
Suspect arrested for trespassing, attempting robbery at Bauchi Emir’s palace
By: Zagazola Makama
A 20-year-old man, Umar Hamza, was apprehended Wednesday night for trespassing and attempting to steal from the Emir of Bauchi’s residence.
Sources said Hamza entered one of the Emir’s son’s rooms carrying a bunch of keys and tried to commit theft around 8:20 p.m. on January 23.
He was intercepted shortly after the act and taken into the Police custody for questioning.
Police said Preliminary inquiries indicate the suspect intended to steal from the palace.
Suspect arrested for trespassing, attempting robbery at Bauchi Emir’s palace
VP Shettima Returns To Abuja, Says Nigeria Firmly Back On Global Economic Frontline
By: Our Reporter
Vice President Kashim Shettima has returned to Abuja after a week-long diplomatic and economic mission to Guinea-Conakry and Switzerland.
This is just as he said Nigeria has reclaimed a frontline seat in global and regional policy conversations.
VP Shettima arrived at the Nnamdi Azikiwe International Airport on Saturday after representing President Bola Ahmed Tinubu at the inauguration of Guinea’s President, Mamadi Doumbouya, and leading Nigeria’s delegation to the 56th World Economic Forum (WEF) Annual Meeting in Davos.
According to the Vice President, the trip is part of Nigeria’s renewed commitment to regional solidarity in West Africa and its determination to reposition the economy under President Tinubu’s Renewed Hope agenda.
The Vice President had departed Abuja for Conakry, where he attended President Doumbouya’s inauguration, reaffirming Nigeria’s leadership role within ECOWAS, while opening new pathways for bilateral cooperation in agriculture and manufacturing.
From Guinea-Conakry, Senator Shettima proceeded to Davos, Switzerland, where he led the Nigerian delegation at the WEF 2026.
One of the highpoints of his engagements in that country was the commissioning of Nigeria House Davos, the Nigeria’s first-ever sovereign pavilion on the Davos Promenade, designed as a permanent investment hub showcasing opportunities in solid minerals, agriculture and the digital economy.
At a high-level WEF session titled, “When Food Becomes Security,” the Vice President outlined Nigeria’s new national food security framework, describing agriculture as a strategic pillar of national security and macroeconomic stability.
Vice President Shettima also joined former President Olusegun Obasanjo, former Vice President Yemi Osinbajo and Minister of Finance, Mr. Wale Edun, to advance the Accra Reset Initiative, a forum advocating African industrialisation driven by domestic capital and value chains rather than foreign aid.
On the economic front, the Vice President told investors that Nigeria’s macroeconomic indicators were stabilising, citing a projected 4.4 per cent GDP growth in 2026 and a decline in inflation to 12.94 per cent.
He also pointed to Nigeria’s imminent transition into a net exporter of refined petroleum products, anchored by the Dangote Refinery, and the growing export of digital talent.
VP Shettima Returns To Abuja, Says Nigeria Firmly Back On Global Economic Frontline
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
Bandits abduct another four occupants of charcoal-laden vehicle in Kajuru LGA in Kaduna
Nobody is replacing Vice President Kashim Shettima. Tinubu affirms he remains the best and envisions a strategic partnership for Nigeria’s future.
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