Meet Premium Breadmakers Association’s New Leadership
The newly elected President urges the Exco to be committed and dedicated to the growth and prosperity of the breadmaking industry in Nigeria.
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IFC Availing MSMEs $4bn New Financing Throu Banks, Non-bank Lenders
▪︎Makhtar Diop, Managing Director of the International Finance Corporation (IFC)
US Giving Samsung $6.4bn for Manufacturing Chips
▪︎Samsung Electronics Head Office in Seoul, South Korea The Biden-Harris Administration is providing a $6.4 billion grant to Samsung Electronics (Samsung) to build new semiconductor fabrication plants in Texas. The U.S. Department of Commerce, disclosed this today , on its website. “I signed the CHIPS and Science Act to restore U.S. leadership in semiconductor manufacturing…
CPPE: Badmouthing Cement Manufacturers Is Unfair
Dr Muda Yusuf, the CEO of the Centre for the Promotion of Private Enterprise [CPPE] has condemned the recent remarks on the floor of the House of Representatives on cement price which portrayed cement manufacturers (Dangote, BUA and Lafarge) in very bad light. ” For an economy seeking to industrialise, attract investors and create jobs,…
FG’s New Expatriate Employment Levy Policy Not Good For FDI, AfCFTA – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) says that the implementation of the Federal Government’s new Expatriate Employment Levy [EEL] policy will gravely affect foreign direct investment, and the African Continental Free Trade Area [AfCFTA] that is gaining traction. Muda Yusuf, the CPPE CEO, who expressed this concern, noted that although the broad…
News Analysis : MAN’s Advocacy On Bureau De Change
No sooner than the Manufacturers Association of Nigeria (MAN) requested the Central Bank of Nigeria to reduce the size of the Bureau De Change (BDCs) operators in the country, than the apex bank announced that it has revoked the licenses of 4,173 Bureaux De Change Operators across the country. Data obtained from the CBN website,…
FG Begins Merger of NIPC and NEPC… To Cut Governance Costs
” The 800-page document recommended the scrapping and merging of 220 out of the then-existing 541 government agencies.” Nigerian Investment Promotion Commission to be merged with Nigerian Export Promotion Council…,” said Hajiya Hadiza Bala-Usman, Special Adviser to the President on Policy Coordination. Bala-Usman made this known, today, after the end of the second Federal Executive…
President Tinubu For NACCIMA and Qatar Chambers Investment Forum March 2-3
” The State Visit is particularly aimed at strengthening the bilateral economic cooperation between Nigeria and Qatar.” President Bola Ahmed Tinubu will during state visit to Qatar between 2 and 3 March, 2024, address the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), and Qatar’s Chambers of Commerce and Industry (QCCI) investment…
Food Security: FG’s Grain Bags Are Free – Kyari
” The grains in seven locations of strategic reserves, are now being bagged for onward delivery to the National Emergency Management Agency (NEMA). The Minister of Agriculture and Food Security, Senator Abubakar Kyari, said that the Ministry is in the final stages of releasing 42,000 metric tonnes of assorted food commodities to support the vulnerable…
FG, Cement Manufacturers To Review Progress Reports On Cement Prices in March
FIVE days ago, specifically on Monday February 19, 2024, the Federal Government and the cement manufacturers in the country met over the escalating prices of the commodity nationwide. During the meeting, the Federal Government was represented by the Minister of Works, Dave Umahi, and the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, among other…