The Africa Export-Import Bank (Afreximbank) has disbursed $50 billion for the execution of various projects in Nigeria in the last 19 years. The President of the bank, Prof. Benedict Oramah, disclosed this during the recently commissioned Afreximbank Africa Trade Centre, AATC, in Abuja, where he also reaffirmed the Bank’s vision to dismantle trade barriers and…
SINOMACH, a Chinese conglomerate, is investing $1 billion in Nigeria’s sugar Industry. The memorandum of understanding for the development of a sugarcane cultivation and processing plant capable of producing one million metric tonnes of sugar has been signed by the investor and the National Sugar Development Council (NSDC). In the agreement, SINOMACH is set to…
The National Agency for Science and Engineering Infrastructure (NASENI) has unveiled its different brands of made-in-Nigeria products in Katsina State as part of efforts to strengthen Nigeria’s industrial sector and reduce reliance on imports. The products, which include a Hilux vehicle, laptops, phones, batteries, smart TV, microwaves, water dispensers, hydraulic equipment, were unveiled at the…
