(Industrial Times, Nigeria) President Bola Tinubu’s discussions with the President Teodoro Mbasogo of Equatorial Guinean, resulted in a signed agreement on a gas pipeline for the Gulf of Guinea. This is disclosed in a statement on Thursday, by Ajuri Ngelale, the president’s spokesman. “The Gulf of Guinea gas pipeline project was signed on Wednesday, to…
(Industrial Times, Nigeria) Today, the Manufacturers Association of Nigeria (MAN) says that banks lending rates to the manufacturing industry are too high to promote productivity in the sector. Data obtained from the Association, shows that the maximum lending rates by the commercial banks range from 30 – 35 percent. Top Five Banks Lending RatesAccess Bank…
LCCI said that the expo will be used to introduce 15 Unicorn Companies to the Nigerian Economy, Sign landmark investment agreements
Dr Abbas Junaid Waziri, the managing director of Resident Cement Company, has expressed interest to establish a cement factory in the Gwana district of Alkaleri Local Government Area of Bauchi State. The State Governor, Bala Abdulkadir Mohammed, who disclosed this, said that Resident Cement Factory has resolved to invest $1.5 billion in establishing the Gwana…
▪︎Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026.Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, disclosed this in Abuja at the African Caucus Meeting of the World Bank Group…
▪︎APM Rail Terminals Kano The Nigerian Shippers Council (NSC) and the Nigerian Railway Corporation (NRC) say that manufacturing companies, importers and exporters should take advantage of rail services for the transportation of cargoes to and from the seaports to Inland Dry Ports (IDPs). The two agencies of the government back up the call with signed…
Worse still, the commercial banks have continued to charge dollar account along with other Naira bank charges such as 35% interest rate on the facilities that these companies have with their banks.
His Majesty King Letsie III of the Kingdom of Lesotho, has urged the Food and Agricultural Organisation (FAO) to intensify efforts to eradicate poverty and end hunger in Lesotho and the rest of Africa.The Monarch also told FAO to pay closer attention to ensuring better nutrition and to mitigating the challenges caused by the impacts…
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), is calling on the Central Bank of Nigeria (CBN) to act quickly to pay the outstanding balance of the 2022 to 2023 foreign exchange forwards to the affected companies. Conversely, CBN Governor, Olayemi Cardoso, maintained that the bank would not pay for FX…
▪︎Governor Fubara signs the Executive Order No. 002 of 2024 for the establishment of the Rivers State Investment Promotion Agency , in Port Harcourt, on Monday. Rivers State governor, Sir Siminalayi Fubara, has called on prospective investors to liaise with the Rivers State Investment Promotion Council for seamless investments in the State. Fubara made the…
