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135 Indian companies invest $19bn in Nigeria, says envoy

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Indian and Nigeria Flags
Indian and Nigeria Flags
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The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, says over 135 Indian companies have so far invested 19 billion dollars in Nigeria in the last four decades of diplomatic relations between the two countries.

Balasubramanian, who said this when he paid a courtesy visit to the News Agency of Nigeria (NAN) on Wednesday in Abuja, commended the India-Nigeria mutual bilateral relations.

He said that the relations between India and Nigeria had been excellent, saying the visit was to deepen news and cultural programme exchanges between both countries.

According to him, the visit seeks to promote avenues where India and Nigeria could cooperate through information sharing, news networks, among other things.

“The cultural relations, the connection between our people is really good and with your assistance I will certainly like to strengthen this tie.

“There are over 135 Indian companies, which have invested about $19billion in Nigeria over a period of years, not in one year, but for the past four decades.

“Most of them are in Lagos, they are in every part of Nigeria and are in the manufacturing sector of the economy, steel, oil and gas or pharmaceuticals.

“Three billion dollars of that is in pharmaceuticals manufactured in Nigeria by Indian companies; there is strong relationship we have in pharmaceuticals and other business activities.

“Nigeria is home to about 60, 000 Indians who are living and who have made Nigeria as their home literally, for the past four decades.”

The envoy also promised to strengthen the relationship between his country and Nigeria, with the assistance of NAN management.

He said that Nigeria’s invitation as guest participant to the G20 Summit scheduled for 2023 in India would form a unique opportunity to showcase the priority of developing countries to the world.

He said that the importance of the relations between the two countries was well known in India, hence Nigeria’s invitation to the Summit from Sept. 9 to Sept.10, in New Delhi.

The envoy listed plans by the mission to host journalists from across West Africa on field visits to India with a renewed offer of 500 scholarships to Nigerians and promote the study of Mass Communication in India, in 2023.

He further reeled out the mission’s programmes to be India National Day on Jan. 26, Food Festival and Cooking Competition on Jan. 28,  and facilitation of “Yoga” weekly-exercise to boost healthy living.

Responding, the Managing Director of NAN, Mr Buki Ponle, commended Balasubramanian for the visit, saying it was apt in deepening relations on information sharing and news network between the two countries.

He said that the relationship between the mission and the agency started on a very nice note, adding that a lot would be done to explore other spheres to produce best results for both countries.

Ponle said, “We are friendly, we accommodate and we want to be friends forever for mutual benefit; it extends to us in NAN to see outsiders as part of us.

“NAN and India share a common goal right from inception, the agency was established by an Act in 1976 and we started operation in 1978 and incidentally I was a pioneer member of staff.

“We also had a partnership with the Press Cross of India, we were always going to India for further studies in Mass Communication, but there was a stage when the agreement was no longer in vogue.

“With renewed relationship we hope the partnership will be revived; we will offer everything to make your stay highly rewarding in areas of coverage, enhanced visibility and exposure.

“We are always at your service and that also translates to making ourselves available for your country’s activities in Nigeria and over there in India.”

He reiterated that such practice would be informed by news and cultural exchange through information and communication sharing, as well as other areas that would be beneficial to both countries.

The managing director assured Balasubramanian of adequate support by the agency in coverage of the forthcoming G20 Summit.

The agency boss also appealed for facilitation of the exchange programme between the NAN and News Agency in India through signing of agreement to ensure seamless flow of information and communication on a daily basis.

Ponle noted that the agency had two agreements with the Bulgarian News Agency, as well as Turkey in addition to news exchange programmes in line with Reuters, AFP and China News Agency.

He said that the agency sought to establish such a partnership with India too.

 

(NAN)

 

 

 

 

 

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International

Trump Says Middle East War Could End ‘Very Soon’ as Markets Rally

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US President, Donald Trump
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United States President Donald Trump has said the ongoing Middle East conflict could end within weeks, expressing confidence that the war may be concluded “very soon.”

Speaking at the White House, Trump told reporters that U.S. forces could withdraw from Iran within “two weeks, maybe three,” adding, “we’re finishing the job.” He also indicated that a diplomatic agreement could still be reached before any final military outcome.

Earlier, Iranian President Masoud Pezeshkian said Tehran possesses “the necessary will” to end the conflict, provided key conditions are met, including guarantees against future aggression.

The remarks from both leaders raised hopes for a resolution to the month-long crisis, prompting a surge in global financial markets. On Wall Street, the Nasdaq Composite rose 3.8 percent, while the S&P 500 gained nearly three percent.

Asian markets also posted strong gains, with major indices in Seoul, Tokyo, and Taipei rising sharply, alongside advances in Hong Kong, Shanghai, Sydney, Singapore, Manila, and Jakarta.

Despite the optimism, oil markets remained volatile amid concerns over the strategic Strait of Hormuz, through which roughly 20 percent of global oil and gas supplies pass. Trump stated that the United States would not intervene to reopen the strait if it were blocked, suggesting other nations should take responsibility.

Meanwhile, Israeli Prime Minister Benjamin Netanyahu signaled continued military operations, stating that Israel would press on with its campaign against what he described as a “terror regime.”

The economic fallout from the conflict has intensified, with U.S. gasoline prices surpassing $4 per gallon for the first time in four years and inflation pressures rising in Europe. Analysts warn that sustained high oil prices—currently above $100 per barrel—could further strain global economic growth.

Additional tensions emerged following reports that the United Arab Emirates is considering supporting efforts to reopen the Strait of Hormuz, potentially under a United Nations mandate, which could mark a significant escalation.

As diplomatic signals remain mixed, analysts caution that uncertainty surrounding the conflict and global energy supplies is likely to persist in the near term.

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UK Announces Tight Security, Road Closures Ahead of President Tinubu’s State Visit to Windsor Castle

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President Bola Tinubu with King Charles
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Authorities in the United Kingdom have announced road closures and temporary airspace restrictions ahead of the arrival of Nigerian President Bola Ahmed Tinubu for a state visit hosted by Charles III.

President Tinubu is expected to begin the visit on Wednesday, March 18, accompanied by Nigeria’s First Lady, Oluremi Tinubu. An official reception for the Nigerian leader is scheduled to take place at Windsor Castle.

In a statement issued on Wednesday, Thames Valley Police said it is working closely with the Royal Borough of Windsor and Maidenhead, the Royal Household, and other security partners to ensure the visit proceeds smoothly and securely.

As part of the heightened security arrangements, authorities confirmed that the permanent airspace restrictions over Windsor Castle will be extended on March 18 from 7:00 a.m. to 11:59 p.m.

Chief Superintendent Adrian Hall of the police force’s Joint Operations Unit said the airspace limitations form only one aspect of a comprehensive security operation planned for the high-profile diplomatic engagement.

“The air restrictions are just one part of our robust security operation for the state visit of Nigerian President Tinubu next week, with many measures you will see and others you will not,” Hall said.

He added that the police have extensive experience managing security during royal events in Windsor, noting that significant planning and preparation have gone into the operation.

Hall also warned that the authorities would strictly enforce the restrictions, stressing that any violation would constitute a criminal offence under the Air Navigation Order and could lead to arrest.

Security deployment during the visit will include specialised police units such as search teams, mounted officers, road policing personnel, and armed officers. These units will operate alongside neighbourhood policing teams and resources from the Project Servator.

Officials said additional safety measures would include Windsor’s extensive closed-circuit television network and hostile vehicle mitigation barriers positioned around key locations.

Authorities have urged members of the public to remain vigilant and report any suspicious activity by contacting police through 101 or speaking directly with officers on duty. Emergencies should be reported through the 999 service.

Meanwhile, road closures and parking restrictions are set to take effect from Tuesday, March 17, with temporary traffic disruptions expected in and around Windsor during the visit.

Thames Valley Police added that it is working in coordination with the Civil Aviation Authority and National Air Traffic Services to enforce the temporary flight restrictions. Individuals with legitimate reasons to operate drones during the restricted period have been advised to seek prior clearance from the police.

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Tinubu Dispatches Delegation to Represent Nigeria at Burial of Rev. Jesse Jackson

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President Bola Ahmed Tinubu and Late Rev Jesse Jackson
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President Bola Ahmed Tinubu has appointed a five-member delegation to represent Nigeria at the burial of American civil rights leader Jesse Jackson, who died on February 17, 2026, at the age of 84 in Chicago.

The delegation is headed by Senator George Akume, Secretary to the Government of the Federation. Other members include Minister of State for Foreign Affairs Bianca Odumegwu-Ojukwu; Minister of Arts, Culture and Creative Economy Hannatu Musawa; Special Presidential Envoy for Global and Pan-African Affairs Brian Browne; and Senior Special Assistant on Foreign Affairs and International Relations, Ambassador Sola Enikanolaye.

According to a State House statement issued on March 4 by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, the delegation will formally convey President Tinubu’s condolences to Jackson’s family and associates.

In an earlier tribute, Tinubu described Jackson as “a great friend of Nigeria and Africa,” highlighting his vocal opposition to apartheid in South Africa. The Nigerian leader recalled Jackson’s advocacy for the release of Nelson Mandela and other leaders of the African National Congress, as well as his role in mobilising international support for sanctions against the apartheid regime.

Funeral events began on February 26 with a lying-in-state at the Rainbow PUSH Coalition in Chicago. Additional memorial services have been held in South Carolina and Washington, D.C., including a lying-in-state at the South Carolina Statehouse from March 1 to 5.

A “People’s Celebration” is scheduled for March 6 at the House of Hope in Chicago, followed by a private homegoing service on March 7 at the Rainbow PUSH Coalition.

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