Happy New Year
Dear Esteemed Partner,
We sincerely appreciate you for standing by us all these years. Without your support and patronage we wouldn’t have been here today.
Happy New year from Us all at FIN Magazine
Join Us in Dubai
Private Investment Forum Worldwide: PROJECT EXPO: GET INVESTMENTS is a specialized event aimed at attracting funds for the best investment projects of the GCC.
Project EXPO: Get Investments is not an ordinary investment forum, exhibition or presentation. This is the most effective way to find a real investor for your project.
Private Investment Forum Worldwide: PROJECT EXPO: GET INVESTMENTS is a specialized event aimed at attracting funds for the best investment projects of the GCC.
Project EXPO: Get Investments is not an ordinary investment forum, exhibition or presentation. This is the most effective way to find a real investor for your project.
More than 50 most influential people in the field of investment from Europe and GCC will gather together in a private forum where they will discuss key trends in the investment industry of GCC.
20 selected investment projects in the field of health, construction and real estate. F&B, IT and Energy will be presented to investors during the “Project EXPO: Get Investments”.
Each project owner will be given the opportunity to make a presentation from the stage to all Investors.
Date/Time: Start: February 27, 2018 @ 8:00 am
End: February 28, 2018 @ 5:00 pm
Venue: Boulevard Plaza Tower 1,
Sheikh Mohammed Bin Rashid Boulevard, downtown Dubai, Dubai, UAE, Dubai 334036 United Arab Emirates
1. FIN River Basin Workshop 2018
Date: 14th-18th February, 2018
Venue: Indian Institute of Technology Roorkee, Roorkee, India
Theme: Integrated River Basin Management
2. NIGERIA- CHINA
2018 International Agriculture Conference
Date: 15th to 16th March, 2018.
Venue: Howard Johnson Paragon Hotel, Downtown near Tiananmen Square, Beijing, China.
Theme: Sustainable Agriculture for Rural development
3. NIGERIA-SOUTH AFRICA
2018 AFRICAN BUSINESS WOMEN FORUM AND AWARDS
Date: 4th to 5th April, 2018.
Venue: Cape Royale Luxury Hotel, Cape Town, South Africa.
Theme: A Prospect for Greater Vision
4. International Summit on Telecommunications,China
5. Event In Dubai
Date: February 2018
6. Commonwealth Event In London
Date: May 2018
7. AFDB event in South Korea
Date: May 2018
8. Events –Judiciary
-NSA
-Date: Second week of January, 2018
Recent past events
FIN Forbes Partnership yields results: CBN Gov bags award
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele receiving the 2017 Forbes Best of Africa Innovative Banking Award from the President of Forbes Customs Emerging Markets, Mr. Mark Furlong at a dinner held at the Willard Intercontinental, Washington, on the sidelines of the Annual Meetings of the World Bank and the International Monetary Fund (IMF) in Washington DC Thursday, October 12, 2017
FIN Forbes Partnership yields results: FORBES Oil AND Gas Man of the year award.
The NNPC, Wednesday, said its Group Managing Director, Mr. Maikanti Baru, has been awarded the Forbes Best of Africa Oil and Gas Man of the Year 2017 prize.
In a statement in Abuja, the NNPC said news of the nomination of Baru was conveyed to the Corporation via a letter signed by Mark Furlong, President, Customs Solutions Media, on behalf of Forbes Media. FIN played an active role in this event and Mr. Maikanti Baru wooed more investors to Nigeria using the platform provided to him.
Minister of Justice at Chatham House in event anchored by FIN
At this event, Hon Abubakar Malami (SAN) ” Attorney-General of the Federation and Minister of Justice, Federal Republic of Nigeria” discussed Nigeria’s current anti-corruption efforts, his work to further strengthen the judiciary and how the government will work with key stakeholders to sustain-ably reduce corruption.
Since coming to power in 2015, President Buhari and his administration have sought to strengthen Nigeria’s ongoing fight against corruption, through high-level investigations and emphasis on asset returns.
Read some of our great blog posts
Falling plane values, e-commerce rise fuels boom in converting passenger planes to freighters
From Air Canada to China’s CDB Aviation, airlines and leasing firms are rushing to permanently convert older passenger jets into freighters, betting on a boom in e-commerce as the value of used planes tumbles amid the pandemic. That has created a huge opportunity for passenger-to-freighter (P2F) conversion companies, including Singapore Technologies (ST) Engineering Ltd, Israel …
India’s Growing role in Africa
Click here to download
South African start-up interested in 25% stake in Air Zimbabwe
A proposal has been submitted to the Zimbabwean government by Fly Modern Ark in which the South African start-up would provide Air Zimbabwe with Xian Aircraft Company turboprop equipment in return for a 25% stake in the state-owned airline. Air Zimbabwe is an existing MA-60 operator with three acquired from China during the last decade. …
Ethiopian Stops Negotiations to Manage Arik Air
Ethiopian’s chief executive has disclosed that Ethiopian airlines has ended negotiations with the Nigerian government to manage the biggest private Nigerian airline, Arik Air. Through the Asset Management Corporation of Nigeria (AMCON), the government of Nigeria has taken control of Arik Air after the airline failed to pay its employees and creditors for months and …
Nigerian airline, Air Peace, takes delivery of additional B737 aircraft
An additional Boeing B737-300 aircraft had been delivered to a Nigerian carrier, Air Peace, to augment its operations during the yuletide. The Chairman of Air Peace, Mr Allen Onyema, disclosed this in a statement on Monday. He said the aircraft touched down at the Murtala Mohammed International Airport, Lagos on Sunday. The aircraft was the …
African airlines to make small loses in 2018 – IATA
A prediction has come from the International Air Transport Association (IATA) that African carriers as a whole are probably to make small losses in 2018, estimated around $100 million. In a statement issued by IATA’s Director-General, Alexandre de Juniac, in Geneva, the forecast was based on a collective net loss of $100 million by the …
Ethiopia: An Exceptional Airliner for African Economic Integration, Unity
Since 1951 when Ethiopian Airlines commenced international flights, it has remained the huge figure in Africa’s aviation industry. Its role in the inception and foundation of the Organization of African Unity (OAU) is invaluable. The motto of the airline, “Bringing Africa Together”, which was issued in 1960s, demonstrated its aspiration to bring the continent closer …
Nigerian Airport Security Team to Investigate Vistajet Robbery
The management of Federal Airports Authority of Nigeria (FAAN) has set up an investigation team to reveal the cause of an attack and burglary of Vistajet aircraft by airport bandits that was taxiing to apron after landing, which as reported, occurred on the night of Tuesday, December 12, 2017. The investigation team, comprising of Aviation …
High operation costs caused African airlines to post $100m losses in 2017
According to the International Air Transport Association (IATA), due to high operating costs and restrictive aviation policies of most African countries, African airlines will post a collective loss of $100m by the end of this year, with a similar predicted deficit in 2018. Raphael Kuuchi, IATA’s vice president for Africa, in an interview stressed out …
Airlines Often Fail to Report In-Flight Sexual Assaults, Need to Step Up
The airline industry appeared to be caught off-guard when a 17-year-old Bollywood actress took to social media alleging she was sexually assaulted on an airplane. Her claim which was denied by the accused on a domestic Vistara flight in India has activated an outrage online and given rise to a rare police investigation. Recently, Facebook …
Africa responsible for 37% of global aviation fatalities – AfDB
President of African Development Bank (AfDB), Dr Akinwumi Adesina, while speaking with newsmen in Abuja, revealed that African aviation sector accounts for about nine per cent of aircraft accidents yearly and 37 per cent of Aviation fatalities globally. Although the sector performed well in 2016, it still remained the riskiest skies to fly in. According …
Expatriate Pilots ignored by Nigerian Airlines, Over N5bn saved annually
Over N5billion might have been saved annually by Nigerian airlines by rejecting foreign technical personnel, most especially pilots and engineers. This was as a result of economic hardship, outrageous salaries and allowances paid to expatriate pilots and engineers which forced domestic carriers to look and start training the locals. It was revealed that the airlines …
Nigerian airlines delayed three flights per hour between July and September
As contained in a report released by the Consumer Protection Unit of the Nigerian Civil Aviation Authority in Ikeja on Wednesday, domestic airlines operating in Nigeria documented 8,173 cases of delayed flights between July and September 2017. According to official figures, an average of 89 flights was delayed daily which reveals that at every hour …
Nigerian Aviation Union, Ground Handling Company Disagree Over Privatization, Severance Packages
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) has laid charges against the ground handling company, Skyway Aviation Handling Company of Nigeria, Ltd. (SAHCOL) of perpetrating “wilful infractions” against the union. The company has also been charged by some members of the union of failing to pay workers their five years’ severance packages, …
NAF Helicopter Crashes in Lagos
A Helicopter belonging to the Nigerian Air Force [NAF] known as Super Puma has crashed in Lagos while on training mission, Elombah.com reports. The information was made available to Elombah.com by NAF Director Public Relations and Information, Air Commodore Dele J Alonge. According to the statement signed by Air Commodore Alonge, “at about 10:00 a.m. …
The Rise and Fall of Foreign Direct Investment in Africa
Click here to download a copy
India’s Growing role in Africa
Click here to download
Algeria Explores Offshore
Algeria entered into a deal with Total and ENI to conduct offshore exploration for oil and gas by studying deep waters in the Mediterranean off the Algeria coast. In the words of ENI CEO Claudio Descalzi “Together with Sonatrach and Total, we will have the opportunity to explore the deep water of the Algerian offshore, …
Algeria To Build $6 Billion Phosphate Plant With China
The CEO of state energy firm Sonatrach, Abdelmoumen Ould Kaddour, outlined the plan to engage in a joint venture with China in the construction of a phosphate plant in Tebessa province of eastern Algeria. The plant is to commence operation in2022, and it will help expand the output of Bled El-Hadba phosphate mine in the …
Renewable Energy To Complement Oil Production
Algeria introduces renewable energy into the fossil energy production through the use of solar energy in oil platform. The Algerian Minister of Energy, Mustapha Guitouni, stated that the implementation of this programme will ensure that oil infrastructures in Algeria are equipped with renewable energy by 2030. The first phase of the programme will focus on …
World’s Biggest Single-Train Refinery Set For Operation In 2020
A $9 billion refinery is said to be commissioned in Nigeria by 2020, the refinery according to Hydrocarbon Technology will have an annual refining capacity of 10.4 million tonnes of gasoline, 4.6 million tonnes of diesel and 4 million tonnes of Jet fuel, 0.69 million tonnes of polypropylene, 0.24 million tonnes of propane, 32,000 tonnes …
Dent On Saudi Arabia
As the third leading producer of crude oil and a leading member of OPEC, Saudi Arabia, is facing a reputational test. The is caused by the assassination of Jamal Khashoggi, a Saudi dissident and journalist for The Washington Post, in Saudi Consulate in Instabul, Turkey. The incident has been seen has premeditated and evidence form …
United States Takes The Crown
The United States of America is now the highest producer of crude oil in the World. The United States experienced a huge leap in it crude oil production in 2018 compared to the previous year. The growth in oil production in Texas and the Permian and Bakken region were critical in the emergence of the …
The Bear And Bull
OPEC’s policy of restricting oil production in a bid to maintaining a reasonable oil price for its members was challenged by the bullish production strategy of the United States and Russia. For instance following the imposition of Iran sanction, it provided an opportunity for OPEC to increase production to cover up for Iran. However, oil …
Oil Supply Grows Amidst Iran Sanctions
The global supply of crude increased significantly in the course of the year amidst the threat of a potential rise in crude oil price when the US backed out of the Iran Nuclear deal and announced new sanctions on Iran. Before the announcement, global oil price was hovering around $76, however sporadic production from Saudi …
Nigeria’s Oil Consumption Grows, Yet Volatile
Oil consumption in Nigeria increased 224 thousand barrels per day in 2010 to 635 thousand barrels per day in August 2018. However, according to Knoema, this was 18.28 percent decline in crude oil consumption in July 2018. Thus while crude oil consumption has been increasing on an annual basis in Nigeria, it has been subject …
Asia Pacific Drives Growth In Global Oil Consumption
In 2017, Asia pacific experienced the largest growth in oil consumption of 3 percent, followed by Africa, Europe, Middle East, and North America with a growth of 2.5 percent, 1.9 percent, 1.4 percent and 0.6 percent respectively. It should be noted that the importance of Asia in oil consumption is not premised on oil alone, …
Growth In Environmental Concern As Demand For Oil And Gas Increases
Global oil consumption grew in 2017 by 1.8 percent, with an average of 98million barrels per day according to British Petroleum (BP); this growth in oil consumption exceeded the average growth of oil consumption in the decade of 2006 to 2016. A critical factor that explained the growing oil demand is the drop in the …
Algeria’s Shale Gas Plans
Algeria, a North African country, needs to exploit its shale gas resources to balance a rise in local energy consumption that is affecting vital exports, but time and far-reaching reforms at the state energy firm will be required to develop the industry. The North African country is a key gas supplier to Europe, but exports …
Airlines Often Fail to Report In-Flight Sexual Assaults, Need to Step Up
The airline industry appeared to be caught off-guard when a 17-year-old Bollywood actress took to social media alleging she was sexually assaulted on an airplane. Her claim which was denied by the accused on a domestic Vistara flight in India has activated an outrage online and given rise to a rare police investigation. Recently, Facebook …
Forecast of South African Power Commodity Market to 2022 – Research and Markets
Development and maintenance of requisite transmission infrastructure has been made necessary in South Africa as renewable energy has taken centre stage in its expanding power generation capacity. The essentials in supplying quality power to customers in a cost-effective manner are switch gears, transformers, and reactors. OEMs will be assisted in these components in reducing manufacturing …
South African Government given until 2019 to transform telecommunications
The African National Congress (ANC) conference has given South African government until June 2019 to complete the movement from analogue to digital broadcast technology. The initial deadline, which was June 2015, has already been missed by the government, as determined by the International Telecommunication Union, due to a legal dispute between government and broadcasters over …
Digital Transformation in Africa
Africa leads the world in mobile adoption, which continues to offer the biggest cross-sectoral economic opportunities. Mobile payment networks, pioneered in East Africa, opened the wired, global economy to poor, unbanked city and rural dwellers. Companies such as Novartis are using mobile communications to manage their supply chain; Olam has used mobile to reach out …
India’s Growing role in Africa
Click here to download
SK Telecom’s fronthaul technology embraced as 5G standard in Korea
SK Telecom’s fronthaul technology has been adopted as a Korean national standard. This newly developed 5G network technology was adopted by the Telecommunications Technology Association (TTA) at its annual conference in Seoul. According to the operator, small and mid-sized equipment vendors will have a friendlier environment in which to do business in Korea due to …
Nigerian airline, Air Peace, takes delivery of additional B737 aircraft
An additional Boeing B737-300 aircraft had been delivered to a Nigerian carrier, Air Peace, to augment its operations during the yuletide. The Chairman of Air Peace, Mr Allen Onyema, disclosed this in a statement on Monday. He said the aircraft touched down at the Murtala Mohammed International Airport, Lagos on Sunday. The aircraft was the …
Expatriate Pilots ignored by Nigerian Airlines, Over N5bn saved annually
Over N5billion might have been saved annually by Nigerian airlines by rejecting foreign technical personnel, most especially pilots and engineers. This was as a result of economic hardship, outrageous salaries and allowances paid to expatriate pilots and engineers which forced domestic carriers to look and start training the locals. It was revealed that the airlines …
Exploration for oil and gas offshore Mauritania, Exxon nears deal
Mauritania’s oil, energy and mines director, Moustapha Bechir, has stated that Exxon Mobil is near to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country. Declining to comment on the deal, an Exxon Mobil spokeswoman said the Texas-based company does not yet have drilling activities …
Microsoft unveils Cloudprenuer Application in Nigeria
LAGOS, Nigeria – 18 March 2015 In collaboration with Fate Foundation and Mara Mentor, Microsoft today launched the ‘CloudPreneur Project’ in Nigeria, which will provide participating start-up with entrepreneurship, Cloud and ICT training. At the end of the project, the 20 best performing participants will receive mentorship to manage their own profitable businesses based on …
NAF Helicopter Crashes in Lagos
A Helicopter belonging to the Nigerian Air Force [NAF] known as Super Puma has crashed in Lagos while on training mission, Elombah.com reports. The information was made available to Elombah.com by NAF Director Public Relations and Information, Air Commodore Dele J Alonge. According to the statement signed by Air Commodore Alonge, “at about 10:00 a.m. …
Ethiopia: An Exceptional Airliner for African Economic Integration, Unity
Since 1951 when Ethiopian Airlines commenced international flights, it has remained the huge figure in Africa’s aviation industry. Its role in the inception and foundation of the Organization of African Unity (OAU) is invaluable. The motto of the airline, “Bringing Africa Together”, which was issued in 1960s, demonstrated its aspiration to bring the continent closer …
Falling plane values, e-commerce rise fuels boom in converting passenger planes to freighters
From Air Canada to China’s CDB Aviation, airlines and leasing firms are rushing to permanently convert older passenger jets into freighters, betting on a boom in e-commerce as the value of used planes tumbles amid the pandemic. That has created a huge opportunity for passenger-to-freighter (P2F) conversion companies, including Singapore Technologies (ST) Engineering Ltd, Israel …
South African start-up interested in 25% stake in Air Zimbabwe
A proposal has been submitted to the Zimbabwean government by Fly Modern Ark in which the South African start-up would provide Air Zimbabwe with Xian Aircraft Company turboprop equipment in return for a 25% stake in the state-owned airline. Air Zimbabwe is an existing MA-60 operator with three acquired from China during the last decade. …
The Thorium: Car That Runs 100 Years Without Refuelling
If your car was powered by thorium, you would never need to refuel it. The vehicle would burn out long before the chemical did. The thorium would last so long, in fact, it would probably outlive you. That’s why a company called Laser Power Systems has created a concept for a thorium-powered car engine. The …