• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 31, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Maersk Denies $600m Investment In Nigeria

by Nafisat Abdulrahman
1 year ago
in News
Maersk
Share on WhatsAppShare on FacebookShare on XTelegram

Maersk, the Danish shipping giant, has refuted claims made by Nigerian President Bola Tinubu regarding a purported $600 million investment to enhance the country’s port infrastructure.

Advertisement

President Tinubu, speaking at the World Economic Forum (WEF) in Riyadh, Saudi Arabia, announced that A.P. Moller-Maersk had committed to a substantial investment aimed at expanding the capacity of Nigerian ports. This move, he stated, would enable the ports to accommodate larger container ships and bolster economic growth through increased trade.

But, Maersk has countered the assertions, saying, “No such agreement is in place, and no deals have been signed,” a company spokesperson told Lloyd’s List, a leading online maritime publication.

The confusion arose following a meeting between Robert Maersk Uggla, Chairman of A.P. Moller-Maersk, and President Tinubu.

While confirming the meeting, Maersk emphasised that it was part of routine discussions with Nigerian officials and did not result in any new investment commitments.

RELATED

Edun Hails Adeniyi, Says Customs Contribution Crucial For Actualising N49trn 2025 Budget

JUST-IN: Tinubu Extends Tenure Of Customs’ Boss Adeniyi By 1 Year

47 minutes ago
Oyo Gov’t Plans To Digitalise House Numbering

Oyo Gov’t Plans To Digitalise House Numbering

55 minutes ago

“Maersk has been present in Nigeria for 35 years and, as a global provider of logistics services, we remain committed to developing opportunities for growth for people, the port sector, and businesses locally,” the company stated. However, it clarified, “We are not able to comment on any investment talks at this stage.”

This clarification comes amid heightened expectations from the Nigerian government about potential foreign investments following the forum.

Ajuri Ngelale, a spokesperson for President Tinubu, had detailed the president’s successful efforts in securing the investment, a claim that has now been disputed by Maersk.

As it stands, the company reaffirms its commitment to Nigeria but dismisses any current plans for the speculated $600 million investment. This incident highlights the need for clear communication between governments and multinational corporations regarding financial commitments and investments


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Maersk
SendShareTweetShare
Previous Post

Deputy Director, 4 Others Arraigned Over Alleged Fraud, Extortion In Enugu

Next Post

Entrench People-friendly Electricity Tariffs, CSO Tells Tinubu

Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

You May Like

Edun Hails Adeniyi, Says Customs Contribution Crucial For Actualising N49trn 2025 Budget
News

JUST-IN: Tinubu Extends Tenure Of Customs’ Boss Adeniyi By 1 Year

2025/07/31
Oyo Gov’t Plans To Digitalise House Numbering
News

Oyo Gov’t Plans To Digitalise House Numbering

2025/07/31
CDS Tasks Niger Delta Host Communities On Ownership Of National Assets
News

Armed Forces Radio Has Blocked Terrorists Propaganda, Misinformation — CDS

2025/07/31
BBNaija10: ‘Dede Behaves As If She Doesn’t Use Toilet’, Kuture Complains
Entertainment

BBNaija10: ‘Dede Behaves As If She Doesn’t Use Toilet’, Kuture Complains

2025/07/31
ljaw Seeks Revival Of Sea Ports In Niger Delta
News

Security Operatives, Youths Apprehend Drug Baron

2025/07/31
Ramadan: Let’s Bury Ethnoreligious Biases For Peace, Gov Eno Urges Muslims
News

Akwa Ibom Gov’t Adopts TSA To Curb Fraud

2025/07/31
Leadership Conference advertisement

LATEST

Ex-Barcelona Midfielder Perez Hospitalised After Dog Bite On Genitals

JUST-IN: Tinubu Extends Tenure Of Customs’ Boss Adeniyi By 1 Year

Oyo Gov’t Plans To Digitalise House Numbering

Armed Forces Radio Has Blocked Terrorists Propaganda, Misinformation — CDS

JUST-IN: Kwara Court Sentences Abdulrahman Bello To Death For Killing Final Year Student Hafsoh

BBNaija10: ‘Dede Behaves As If She Doesn’t Use Toilet’, Kuture Complains

2027: Zoning, Automatic Ticket Anti-democratic, Forum Leader Tells PDP

Security Operatives, Youths Apprehend Drug Baron

Akwa Ibom Gov’t Adopts TSA To Curb Fraud

BBNaija10: Drama As Big Soso, Imisi Quarrel Over Food

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.