Indorama, NB, Genesis Seek Regulatory Approval to Build rPET Plant in Nigeria
Indorama Ventures Public Company Limited, Nigerian Breweries Plc and Genesis Power and Energy Solutions Ltd are…
Indorama, NB, Genesis Seek Regulatory Approval to Build rPET Plant in Nigeria
Indorama Ventures Public Company Limited, Nigerian Breweries Plc and Genesis Power and Energy Solutions Ltd are pulling their resources together to build Africa’s largest state-of-the-art recycled PET (rPET) production facilities in Nigeria. Located in Lagos, the site represents an investment to develop a facility capable of producing up to 45,000 tons of food grade rPET resin…
Why global oil shocks hit Nigeria hard – Peter Obi
Nigeria’s Presidential hopeful under the African Democratic Party (ADC) Peter Obi, has said Nigeria’s recurring vulnerability to global economic shocks, particularly in the energy sector, is a direct consequence of poor planning and the absence of strategic buffers. Obi made the observation in a post on Friday while reacting to the recent increase in fuel…
Strait of Hormuz disruptions: Implications for global trade and development
•©Shutterstock/AU USAnakul The Strait of Hormuz is one of the world’s most critical maritime chokepoints, carrying around a quarter of global seaborne oil trade and significant volumes of liquefied natural gas and fertilizers. UNCTAD reports that the ongoing military escalation in the region has disrupted shipping flows through this narrow passage. The resulting ripple effects…
Traders Resist Takeover of Lagos International Trade Fair Complex by State Govt
Image: Minister of Industry, Trade and Investment, Jumoke Oduwole Commercial activities at the Lagos International Trade Fair Complex were disrupted today as traders shut down the facility while protesting a proposed takeover of the market’s management by state and local government authorities. This was amidst the visit of the Minister of Industry, Trade and Investment,…
IATF2027 Nigeria: What To Expects
• IATF2027 Host Signing Ceremony ( From left ) : Kanayo Awani, Executive Vice President, Intra-African Trade & Export Development, Afreximbank; H.E.Francisca Tatchouop Belobe Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, African Union Commission; Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, Chief Olusegun Obasanjo, Chair, IATF, Dr….
Bakrin Secures N10bn Sugar Projects Acceleration Fund for Greenfield Projects
The Executive Director of Public Sector and Intervention Programmes at BOI, Hadiza Shuaib, disclosed that the bank will serve as the fund manager for SPAF while NSDC will provide sector leadership and technical guidance.
Dangote Electricity is Coming,says Aliko
The President of Dangote Group, Aliko Dangote, says that electricity generation for Nigerians is his next investment. Dangote stated this in a recent interview with New York Times. Dangote, whose conglomerate spans cement, sugar, salt, fertiliser, and petrochemicals, said, ” We have to industrialise Africa.” He emphasised that his next focus areas include the steel…
Police Storms Factories in Anambra illegally recycling packaging materials
These Returnable Packaging Materials (RPMs) are company-owned assets designed for multiple reuse cycles and form a critical part of their sustainability, cost-efficiency, and product quality systems. It’s a criminal activity to destroy them.
Killing Companies That Lays The Golden Eggs
The statistics body said that of the ten Sectoral groups under the Manufacturers Association of Nigeria (MAN), the Food , Beverages and Tobacco (FOBTOB) accounted for the highest share of the GDP.
Are Industry Ministers Leaving Manufacturers To Face Challenges?
• Collage: (Top) NAFDAC DG, Mojisola Adeseye (below): MAN President, Francis Meshioye; John Owan Enoh, Minister of State for Industry; and Minister of Industry, Jumoke Oduwole. This concerns the National Agency for Food and Drug Administration and Control (NAFDAC) ‘s recent ban on spirit drinks in sachets and small bottles under 200ml. Since the issue arose,…
