Investments in Nigeria

•   U.S agency to invest $250m in Nigeria food security : A U.S-based multinational food security company, Blumberg Grains, is to invest $250 million in large scale food storage facilities in Nigeria, a statement by the Ministry of Agriculture and Rural Development in Abuja revealed.Dr. Akinwunmi Adesina, the Minister of Agriculture and Rural Development, and Mr. Philip Blumberg, Chairman Blumberg Grains, had signed the Letter of Intent (LoI) for the establishment of the facilities.
•   Barclays's Absa plans to expand in Nigeria with N19bn : Absa Group Limited, the Johannesburg- based lender acquiring most of parent company Barclays Plc African assets, said it's interested in entering the Nigerian market as it boosts its presence across the continent. The bank needs a competitive advantage before it can enter the country, Absa Chief Financial Officer Mr. David Hodnett said, adding that the bank could take advantage of its experience in corporate banking.
•   Blumberg Grain plans N40bn investment in agric sector : Blumberg Grain, one of the world's largest food security companies has unveiled plans to invest $250 million (about N40 billion) in a food processing company in the country in demonstration of its confidence in and support for the ongoing Agricultural Transformation Agenda (ATA).
•   Saudi firm targets Nigerian investors with $33m real estate : Riyadh-based Kingdom Hotel Investment has announced the investment of over $33 million in Ambassador Heights in Accra, Ghana.


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