Nigeria inks billions in Indian infrastructure deal
Nigeria seeks strategic Indian partnerships for economic expansion
Nigeria floats tender to develop 4 GW nuclear power plant
The Government of Nigeria will invite bids for constructing a nuclear power plant in the country. The new nuclear power plant will generate 4 GW of power.
After becoming operational, it will be the largest power facility in Nigeria. This project will also improve the country’s power generation capacity. There are concerns regarding the ability of the country to manage a nuclear power plant due to the security situation and the delicate nature of the nuclear power project. Director-general of the Nigerian Nuclear Regulatory Authority, Dr Yau Idris, told the media t..Nalanda Capital Sells Stake in Great Eastern Shipping
Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.
The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..
Chabahar unveils India's infrastructure strategy
The centrepiece of the Narendra Modi government's agenda is the construction of an extensive network of roads, highways, tunnels, bridges, airports, metros, and high-speed trains. However, one crucial aspect of Modi's ambitious infrastructure overhaul remains hidden from the view of voters.
Last week, The Economist pointed out that while most Indians may not directly engage with certain sectors, such as ports, these areas undergo significant transformations that impact their lives. The magazine noted substantial enhancements in the capacity and efficiency of ports, illustrating a deep..