Nigeria Attracts $600M Maersk Investment

02 May 2024 CW Team

Nigeria has secured a significant investment of $600 million from Maersk, a global shipping company, to enhance seaport infrastructure in the country. This investment signals a major boost for Nigeria's maritime sector and underscores the nation's commitment to modernizing its port facilities.

The investment from Maersk is expected to be directed towards the development and expansion of seaport infrastructure in Nigeria, with a focus on improving efficiency, capacity, and technology adoption. The funds will support initiatives aimed at enhancing cargo handling capabilities, reducing turnaround times, and promoting trade facilitation.

The partnership between Nigeria and Maersk reflects the growing importance of maritime trade and logistics in driving economic growth and development in the region. By attracting foreign investment, Nigeria aims to position itself as a leading maritime hub in Africa and capitalise on its strategic location along key shipping routes.

The infusion of $600 million from Maersk is poised to unlock new opportunities for trade and investment in Nigeria, stimulating economic activity and creating employment opportunities across various sectors. It will also strengthen the country's competitiveness in the global maritime market and improve its connectivity with international trading partners.

Overall, the partnership between Nigeria and Maersk represents a significant milestone in the country's efforts to revitalise its seaport infrastructure and leverage its maritime assets for sustainable development. The investment from Maersk underscores the confidence of international investors in Nigeria's potential as a vibrant and dynamic maritime economy.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..