Brazil leads in South America with $300 billion in manufacturing value.
Its industrial economy is anchored by automotive production, food processing, chemicals, and aerospace, particularly through companies like Embraer.
The President and Chief Executive of the Dangote Group, Aliko Dangote, says he has accepted his appointment to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies. In 2023, the Prime Minister of Canada, Mark Carney, co-chaired the Private…
Digital photography is much more enduring than its predecessor, analogue photography, but, at least when you expose a roll of old film to the light, the worst you can do is lose a week’s worth of holiday photos or a day’s worth of wedding shots that can never be replaced. When a plastic SD memory…
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…
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…
Nigerians are in shock, disbelief, and tears after another Ponzi scheme named CBEX crashed early this week. Weeks ago, many who invested in the scheme advertised their newly-found pathway to ‘financial freedom’ on social media with screenshots of account balances from $1,000, $10,000, and $85,000. As of Tuesday morning, their accounts have been blanked, with…
Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. Nairametrics reports that this move comes ahead of the 16th Council of Ministers Meeting on Trade scheduled for April 15 in Kinshasa, Democratic Republic of Congo, and…
For Nigeria, in terms of exports, it’s not too bad because oil minerals are excluded by America from being in any way sanctioned with tariffs. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said that the Federal Government’s Economic Team will review the impacts of the ongoing global tariff war…
The Nigerian government has committed 14.3% in counterpart funding, with UNIDO mobilizing the remainder through partnerships and donor contributions. ∆ Nigeria’s President Bola Tinubu The Federal Government of Nigeria, and the United Nations Industrial Development Organisation (UNIDO),have earmarked a total of $174.6 million budget for the implementation of the Programme for Country Partnership (PCP). At…
∆ President Bola Tinubu The House of Representatives has passed a bill to give foreign investors in Nigerian Citizenship for second reading. The proposed legislation titled , “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to include Citizenship by Investment as one of the classes of Citizenship…
