• FCT, Abuja The National Bureau of Statistics (NBS) says that Abuja has overtaken Lagos as Nigeria’s top destination for foreign direct investments (FDI), referencing the inflow in Q1 2025 . In the report, Abuja, the Federal Capital Territory (FCT), attracted $3.04 billion in capital importation during the first quarter of 2025, surpassing Lagos, which…
Nigeria Manufacturing Equipment / Raw Materials ( NME/ NIRAM) Expo kicked off today in Lagos. The 3-day exhibitions, themed ‘ Sustainable Manufacturing Through Edge Equipment and Technology’, are ongoing at the Balmora Hall of the Federal Palace Hotel, Victoria Island. Chief Uche Geoffrey Nnaji, Minister of Innovation, Science and Technology, is welcomed by Otunba Francis…
US President Donald Trump said Tuesday that upcoming tariffs on imported pharmaceuticals could reach 250 percent, after starting at a lower level, while adding he plans to also unveil fresh duties on foreign semiconductors. “And then it’s going to go to 250 percent because we want pharmaceuticals made in our country,” he added. “We’ll be…
• Aliko Dangote and Benedict Oramah. Professor Benedict Oramah, President & Chairman of the Board of Directors at Afreximbank (African Export-Import Bank), says that the bank has raised a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL) for refinancing the Dangote Petroleum Refinery and Petrochemicals Complex. The facility is part of an…
• Dr Taiwo Nolas -Alausa The Chartered Institute of Directors Nigeria (CIoD Nigeria) has announced the appointment and resumption of Dr. Taiwo Nolas-Alausa as its new Director General/Chief Executive Officer. Dr. Nolas-Alausa succeeds Mr. Bamidele Alimi, who completed his second and final four-year term as the DG/CEO of the Institute on 31 July,2025. Dr Nolas-Alausa…
