Zhongshan, the Chinese firm that secured a court order to confiscate three Nigerian presidential jets has released one of the aircraft. This is to allow President Bola Tinubu travel to a scheduled meeting with President Macron of France early next week. The company, however, did not say when the two remaining aircraft being detained would…
The new packaging brings Nestle closer to achieving 2025 commitment of making 95% of all its packaging recyclable
A contract between Ogun State and Zhongshan to manage a free-trade zone was executed in 2007.
(Industrial Times, Nigeria) Today, the Comptroller-General of the Nigerian Customs Service, commended Babatunde Olomu, the Customs Area Controller for Apapa Command, and the officers working with him for the seizures of twelve containers of smuggled expired products through the port, in recent months. CGC Adewale Adeniyi, also advised port users to embrace only legitimate trade…
(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…
