April 2024
A.P Moller-Maersk Plans $600m For Reconstruction of Nigeria’s ports
Danish shipping and logistics company, A.P Moller-Maersk has disclosed a planned investment of $600 million in Nigeria to accommodate more container shipping services in Nigerian ports. The Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, disclosed the decision during a meeting with President Bola Tinubu on the sidelines of the World Economic Forum Special Meeting…
Nigeria Sugar Regulator Queries BUA’s Outputs
“Your 2026-2027 planting needs to be more aggressive. The plan is not impressive at all and is not commensurate with your potential and opportunities. Why is your plan this modest? You say you are being realistic but what is the challenge? Being realistic has to be about a challenge. You have 10,000 TCD plant and…
Ajaokuta Steel Plant Coming Back on $2bn Funding – Minister
Group photo of the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Russian consortium led by TPE. Image Credit: Bayo Onanuga ‘s X
Dangote’s Oil Refinery Tops Europe’s Ten Biggest
1. Dangote Refinery capacity650,000 barrels of installed capacity and 300,000 barrels a day.2. The Netherlands Shell’s Pernis Refinery 246,00bpd capacity and an installed capacity of 404,000bpd, is the biggest in Europe. 3. The BP Rotterdam Refinery in the Netherlands has a capacity of 380,000 bpd. 4 . The GOI Energy ISAB Refinery in Italy was…
Chartered Institute of Stockbrokers Visit CBN
In Picture from left to right: Registrar & Chief Executive, Mr. Josiah Akerewusi;, 2nd Vice President, Mrs. Fiona Ahimie., President/Chairman of Council, Mr. Oluwole Adeosun, and Central Bank of Nigeria Governor, Mr. Olayemi Cardoso and 1st Vice President, Oluropo Dada. Source: CBN 25 April 2024
PZ Cussons to stop manufacturing in Nigeria, entire Africa
▪︎Jonathan Myers, CEO of PZ Cussons Group PZ Cussons Group is considering to move its operations in Africa to where the business can be most competitive. Jonathan Myers, CEO of PZ Cussons Group, disclosed this in a statement, and said the group is considering to exiting the continent, partly driven by economic challenges in Nigeria such as…
IMF/World Bank Spring Meetings:
CBN Governor, Olayemi Cardoso responds questions from IMF African Department Director, Abebe Aemro Selassie on how the CBN is “Reforming Monetary Policy in Nigeria”.
50th Anniversary Celebration of FAE Limited
From left : The Manufacturers Association of Nigeria (MAN) Director -General, Segun Ajayi-Kadir, exchange plesantary with Michael Olawale-Cole, the former President of Lagos Chamber of Commerce and Industry.