Investogist
No Result
View All Result
Thursday, January 29, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Terrorists attack presidential guards in Abuja after threat to abduct Buhari

    FG Confirms U.S.-Backed Airstrikes on Terrorists Targets in Sokoto State

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu prison transfer request stalls as court insists on hearing from FG, NCoS

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Federal High Court fixes December 8 to hear Nnamdi Kanu’s transfer request from Sokoto prison

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    NCR Nigeria returns to profit in FY 2025 as revenue jumps 43%

    NCR Nigeria returns to profit in FY 2025 as revenue jumps 43%

    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Geregu Power Board proposes N9 per share final dividend for FY 2025

    Linkage Assurance Plc Appoints Two New Non-Executive Directors

    Linkage Assurance Plc Appoints Two New Non-Executive Directors

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    NEM Insurance profit declines despite 54% growth in revenue in FY 2025

    Zichis Agro Firm Lists 600 million Shares On NGX, Rises 9.55%

    Zichis Agro Firm Lists 600 million Shares On NGX, Rises 9.55%

    Geregu Power grows revenue by 35% to ₦184.9bn, posts ₦27.25bn profit for FY 2025

    Geregu Power grows revenue by 35% to ₦184.9bn, posts ₦27.25bn profit for FY 2025

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Nigeria Infrastructure Debt Fund Declares ₦4.68 Distribution for Q4 2025

    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Continues $100m Buy-back With New Share Repurchase

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Nigerian Exchange Daily Market Report: ASI up by 0.15% on Wednesday

    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Terrorists attack presidential guards in Abuja after threat to abduct Buhari

    FG Confirms U.S.-Backed Airstrikes on Terrorists Targets in Sokoto State

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu prison transfer request stalls as court insists on hearing from FG, NCoS

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Federal High Court fixes December 8 to hear Nnamdi Kanu’s transfer request from Sokoto prison

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    NCR Nigeria returns to profit in FY 2025 as revenue jumps 43%

    NCR Nigeria returns to profit in FY 2025 as revenue jumps 43%

    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Geregu Power Board proposes N9 per share final dividend for FY 2025

    Linkage Assurance Plc Appoints Two New Non-Executive Directors

    Linkage Assurance Plc Appoints Two New Non-Executive Directors

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    NEM Insurance profit declines despite 54% growth in revenue in FY 2025

    Zichis Agro Firm Lists 600 million Shares On NGX, Rises 9.55%

    Zichis Agro Firm Lists 600 million Shares On NGX, Rises 9.55%

    Geregu Power grows revenue by 35% to ₦184.9bn, posts ₦27.25bn profit for FY 2025

    Geregu Power grows revenue by 35% to ₦184.9bn, posts ₦27.25bn profit for FY 2025

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Nigeria Infrastructure Debt Fund Declares ₦4.68 Distribution for Q4 2025

    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Continues $100m Buy-back With New Share Repurchase

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Nigerian Exchange Daily Market Report: ASI up by 0.15% on Wednesday

    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Germany to send Soviet-made anti-aircraft missiles to Ukraine, will invest $112.1bn to modernize the German military

Thursday, 3 March 2022, 8:27 pm
in News, World
0
Germany to send Soviet-made anti-aircraft missiles to Ukraine, will invest $112.1bn to modernize the German military
Share Share Share Share Send as Email

Germany seems to be clearing its stock of old military weapons, as it increases weapons deliveries to Ukraine. Following the invasion of Ukraine by forces of the Russian Federation, Germany reversed its long-standing policy of not sending weapons to conflict zones, a position rooted in Nazi-era war guilt.

A source within the German Government told AFP on Thursday that the Germany will increase weapons deliveries to Ukraine by ending 2,700 anti-aircraft missiles to the conflict zone.

Amongst the weapons going to Ukraine will be STRELA-type anti-aircraft missiles of Soviet manufacturer, which were previously used by the army of communist East Germany.

Germany’s first arms consignment of 1,000 anti-tank and another 500 anti-aircraft missiles has already been despatched to the front, the government said on Wednesday.

Read also; German authorities seize $600 million yacht belonging to Russian billionaire

The German government also unblocked the delivery of eight old howitzer cannons which Estonia had purchased from East Germany to Ukraine.

In a move that can be interpreted as a replacing the old weapons being moved to Ukraine, Germany has pledged to modernize its military.

It plans to massively boost defense spending in 2022 with a new $112.1 million security fund for military modernization, in light of Russia’s invasion of Ukraine.

Olaf Scholz, the German chancellor, also announced Sunday during an address at a special parliamentary session that the country will now invest more than two percent of its GDP in defense annually moving forward.

“We have set this goal not only because we have made a promise to our friends and allies to increase our defense expenditure to two percent of our economic output by 2024. We are also doing this for us, for our own security,” Scholz said, according to an English transcript of his speech.

“It is clear that we must invest much more in the security of our country. In order to protect our freedom and our democracy. This is a major national undertaking. The goal is a powerful, cutting-edge, progressive Bundeswehr that can be relied upon to protect us.

“But we should be under no illusions. Better equipment, modern technology, more personnel – all of this costs a lot of money. We will therefore set up a special fund for the Bundeswehr. And I am deeply grateful to Federal Finance Minister Lindner for his support on this.”

Germany currently spends about 1.5 percent of GDP on defense, or around $50 billion annually, but the new increase will match NATO members’ pledge to meet a two percent annual threshold for military spending.

On the one-time $112.1 billion security fund to be established this year, Scholz said the appropriations would be allocated “for necessary investments and armament projects.”

Scholz said the uptick in defense spending commitment is intended to ensure Germany keeps pace new technology, with the chancellor citing opportunities to pursue major weapons system develop and acquisition efforts.

“This is why it is so important to me, for example, that we build the next generation of combat aircraft and tanks here in Europe together with European partners, and particularly France. These projects are our utmost priority,” Scholz said.

More specifically, Scholz noted Germany will continue pursuing a replacement for its nuclear weapon-carrying Tornado jets and noted the Lockheed Martin [LMT]-built F-35 as a potential future option.

Germany will also continue to further the capabilities of its Eurofighter Typhoon fighter aircraft, according to Schultz, who said the platforms are set to be equipped with electronic warfare systems.

Scholz also noted Germany has now signed final contracts to move ahead with procurement of the new Eurodrone UAV and is moving toward procuring armed Heron drones from Israel.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • Patriot Missiles
    US making plans to send Patriot missiles to Ukraine - Report
  • Hypersonic missile
    Russia-Ukraine War: Russia fires hypersonic missiles…
  • Investing,
    Invest in Knowledge Before You Invest Your Money
  • Military drill
    China begins live-fire military drills around…
Previous Post

French customs seize Russian oil czar’s 280ft Superyacht

Next Post

Breaking News: First Batch of Nigerians evacuated from Ukraine arrive Abuja

Next Post
Breaking News: First Batch of Nigerians evacuated from Ukraine arrive Abuja

Breaking News: First Batch of Nigerians evacuated from Ukraine arrive Abuja

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

NCR Nigeria returns to profit in FY 2025 as revenue jumps 43%

NCR Nigeria returns to profit in FY 2025 as revenue jumps 43%

The International Finance Corporation (IFC): Project/Investment Cycle

The International Finance Corporation (IFC): Project/Investment Cycle

Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

Oando Plc announces share distribution to shareholders

NCR Nigeria returns to profit in FY 2025 as revenue jumps 43%

NCR Nigeria returns to profit in FY 2025 as revenue jumps 43%

Anambra to begin payment of new minimum wage.

Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

MTN Nigeria to pay over N200 billion final dividend for 2022

Geregu Power Board proposes N9 per share final dividend for FY 2025

Linkage Assurance Plc Appoints Two New Non-Executive Directors

Linkage Assurance Plc Appoints Two New Non-Executive Directors

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved