▪︎Shutterstock/asharkyu | Yantian International Container Terminal, Shenzhen, China. UN Trade and Development (UNCTAD) says over 80 percent of world trade volume is carried by sea. UNCTAD discloses this in its latest Review of Maritime Transport 2024: Navigating Maritime Chokepoints. In the publication, UNCTAD reports that the global maritime trade grew by 2.4% in 2023, recovering from…
Hollywood stars Ryan Reynolds and Rob McElhenney have invested in Wrexham Lager, the oldest British lager brewery still in existence. The investment was made by Red Dragon Ventures, a joint venture formed by Reynolds and McElhenney and the New York-based Allyn family. BBC reports that the famous pair have taken co-ownership of Wrexham Lager, which already…
▪︎Image of a CNG car / GoCNG Could the government’s push for the adoption of vehicles driven by Compressed Natural Gas(CNG) be the driving force behind the frequent hikes in the pump prices of petrol in Nigeria, in recent months? The latest increase announced (Tuesday, October 29) by the Nigerian National Petroleum Company Limited (NNPCL) raised…
▪︎Coca-Cola image/ The Coca-Cola Company U.S. Secretary of Commerce, Gina Raimondo says that since the beginning of the Biden-Harris Administration, the manufacturing sector has been on growing steadily. “The U.S. manufacturing sector contributes $2.65 trillion to the U.S. economy, employs nearly 13 million American workers, and accounts for 10.3 per cent of the nation’s GDP,” said Raimondo….
Dr Jumoke Oduwole, the Special Adviser to the President on the Ease of Doing Business, and Executive Secretary of the Presidential Enabling Business Environment Council (PEBEC) in the Office of the Vice President, has been appointed by President Bola Tinubu, as the new Minister of Industry, Trade, and Investment. Upon confirmation by the Senate, Oduwole…
The Flour Mills Group intends to streamline its 22 business units into five separate entities. Checks by Industrial Times ,shows that among the subsidiaries are Apapa Bulk Terminal, Northern Nigeria Flour Mills, Agri Palm, Agriculture Allied Syrup; BAGCO, Eagle Flour; Golden Fertilizer, Golden Agri Inputs , HoneyWell, Agro Allied Farms Sunti, etc. The company’s Chairman,…
▪︎Governor Umo Eno The Niger Delta Chamber of Commerce, Industry, Trade, Mines & Agriculture (NDCCITMA) has been established to facilitate the transformation of the economy of the region. Governor Umo Eno of Akwa Ibom, said on Wednesday in Uyo during a one-day sensitisation of the people of the state on the Establishment of NDCCITMA. Eno,…
▪︎Aliko Dangote with Sen Heineken Lopkobiri. Photo credit: Sen Heineken Lopkobiri’s X. In Summary 1. Nigeria and Africa can become completely self-sufficient in petroleum products, and saves annual imports bill of $17 billion. 2. Nigeria must develop a refining capacity of 1.5 million barrels per day and prioritise domestic crude supply obligations. 3. He urged…
▪︎Alhaji (Dr ) Adeniji Murthada Adeyemi, MD/CEO , Starlink Global & Ideal Limited, African Export-Import Bank (Afreximbank) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos. According to the facility agreement signed on…
▪︎VP Kashim Shettima at the Enugu Fashion and Garment Hub Vice-President Kashim Shettima , on Thursday, commissioned an Ultra-Modern MSME Fashion Hub in Enugu State. The Enugu State Fashion and Garment Hub is a facility developed by the Office of the Vice President of Nigeria in partnership with the Enugu government through the Enugu SME…
