Rand Merchant Bank optimistic about $11bn Indo-Nigeria trade

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Rand Merchant Bank (RMB) highlights the promising prospects of trade between Nigeria and India, estimated at $11.8 billion, following the recent India-Nigeria Business Forum in Abuja.

Dr. Doris Uzoka-Anite, Nigeria’s Minister of Industry, Trade, and Investment, emphasized the importance of the India-Nigeria trade relationship, noting its resilience despite fluctuations. The bilateral trade volume stood at $14.95 billion in 2022, reflecting the robust economic interdependence between India and Nigeria.

Chidi Iwuchukwu, Head of Investment Banking at RMB Nigeria, emphasized RMB’s commitment to deepening relationships and facilitating access to its value proposition within the Indo-Nigeria trade corridor. RMB recognizes the immense potential in this region and aims to contribute to its economic resurgence.

Shivank Goel, Indo-Africa Coverage Specialist at RMB India, reiterated the bank’s dedication to expanding its presence and engagement within the corridor of international relations.

Source: PUNCH

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