The latest Global Trade Update shows that plastic production reached 436 million metric tons worldwide in 2023, with the traded value surpassing $1.1 trillion and accounting for 5% of total merchandise trade.
▪︎Groundbreaking of five mini-LNG plants by the Minister of Petroleum Resources (Gas), Hon Ekperikpe Ekpo, in Kogi State, yesterday. The NNPC Ltd. and its partners have launched five mini-Liquefied Natural Gas (LNG) Plants in Ajaokuta, Kogi State, on Thursday. The groundbreaking ceremony was performed by the Honorable Minister of State for Petroleum Resources (Gas), Ekperikpe…
The Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/ credit cards by 50 percent to N1,500 from N1,000. The apex bank gave the directive on Thursday in a circular to Banks, Other Financial Institutions and the Public signed…
The Minister of Solid Minerals, Mr. Dele Alake, has unfolded President Bola Tinubu’s seven-point agendas for the solid minerals sector. Alake, during an interactive session with Political Correspondents, today , in Abuja, said that he has the mandate of President Tinubu to ensure that the Solid Minerals sector accounts for at least 50 percent of…
Haresh Aswani, Managing Director, Tolaram Africa, said: “We are thrilled to welcome Guinness Nigeria, a company with such a rich legacy and strong consumer loyalty, into our ecosystem.
The Manufacturers Association of Nigeria (MAN) has paid a welcome visit to the newly appointed Managing Director of FrieslandCampina WAMCO, Mr. Roger Adou, who assumed office in January 2024. MAN Director -General, Segun Ajayi-Kadir, led the delegation; accompanied byMabel Michael (P.A. to the DG), Joseph Emoleke (Assistant Director, Membership Division), Kanayo Iwuchukwu (Assistant Director, Special…
The Manufacturers Association of Nigeria (MAN) says that the manufacturing industry and not the services sector is essential for driving real economic growths . Segun Ajayi-Kadir, the Director-General of MAN, affirmed this in reaction to the NBS GDP reports for the third quarter of 2024 in which the Services sector dominated the composition of the…
▪︎Innocent Chukwuma, Chairman of Innoson Vehicles Manufacturing Limited, Nigeria (BusinessDay.ng)Here are some of the auto companies in Africa that are bridging the capacity gap in the continent: 1.Innoson Motors Innoson Vehicle Manufacturing Co. Ltd (IVM) is owned by Innocent Chukwuma, a Nigerian entrepreneur. It was established in 1987 as a motorcycle manufacturing company but has…
The smuggling of second-hand clothing into Nigeria poses a significant threat to the livelihoods of approximately one million five hundred thousand Nigerian tailors. Mr. Alok Bhardwaj, Managing Director of Sunflag Nigeria Ltd., conveyed this critical statistic to the Minister of State for Industry, Trade and Investment, Sen. John Enoh, during a recent visit to the…
Both leaders, Aliko Dangote and Dr. Brook Taye, emphasised the project’s importance in transforming Ethiopia’s agricultural sector and promoting self-sufficiency.
