Ajaokuta Steel Plant Coming Back on $2bn Funding – Minister
Group photo of the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Russian consortium led by TPE. Image Credit: Bayo Onanuga ‘s X
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Dangote’s Oil Refinery Tops Europe’s Ten Biggest
1. Dangote Refinery capacity650,000 barrels of installed capacity and 300,000 barrels a day.2. The Netherlands Shell’s Pernis Refinery 246,00bpd capacity and an installed capacity of 404,000bpd, is the biggest in Europe. 3. The BP Rotterdam Refinery in the Netherlands has a capacity of 380,000 bpd. 4 . The GOI Energy ISAB Refinery in Italy was…
Chartered Institute of Stockbrokers Visit CBN
In Picture from left to right: Registrar & Chief Executive, Mr. Josiah Akerewusi;, 2nd Vice President, Mrs. Fiona Ahimie., President/Chairman of Council, Mr. Oluwole Adeosun, and Central Bank of Nigeria Governor, Mr. Olayemi Cardoso and 1st Vice President, Oluropo Dada. Source: CBN 25 April 2024
PZ Cussons to stop manufacturing in Nigeria, entire Africa
▪︎Jonathan Myers, CEO of PZ Cussons Group PZ Cussons Group is considering to move its operations in Africa to where the business can be most competitive. Jonathan Myers, CEO of PZ Cussons Group, disclosed this in a statement, and said the group is considering to exiting the continent, partly driven by economic challenges in Nigeria such as…
IMF/World Bank Spring Meetings:
CBN Governor, Olayemi Cardoso responds questions from IMF African Department Director, Abebe Aemro Selassie on how the CBN is “Reforming Monetary Policy in Nigeria”.
50th Anniversary Celebration of FAE Limited
From left : The Manufacturers Association of Nigeria (MAN) Director -General, Segun Ajayi-Kadir, exchange plesantary with Michael Olawale-Cole, the former President of Lagos Chamber of Commerce and Industry.
Presidential CNG Initiative Set For Rollout
By Bayo Onanuga ▪︎CNG Vehicles production factory. Source: X After the removal of the fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential CNG Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed to deliver compressed natural gas especially for mass…
Steeling Africa Data Center
▪︎Images: Teraco, Wikicommons The majority of Africa’s data is currently stored outside the continent, passing back and forth through underwater cables that connect to Europe through southern France. This outsourcing of Africa’s data infrastructure has been holding back development across the region. From share traders to healthcare professionals to video game players, the 180 milliseconds it…
Digital Technology shrinks paper industry in Nigeria
▪︎Cover image: Doris Uzoka-Anite Minister of Industry, Trade and Investment. Photo: X ” The paper industry in Nigeria has largely been in recession due to the growth in digital technology and other macroeconomic headwinds.” The sector contracted to 0.56% in 2023 from the 1.47% in 2022. Dr. Muda Yusuf, the Chief Executive Officer of the…
New Electricity Tariff Threathens 5 million Industries -OPSN
Officers of the Manufacturers Association of Nigeria during a tour of industries in Edo/Delta Branch .