Segun Ajayi-Kadir, the Director – General of Manufacturers Association of Nigeria (MAN) says the increase in the domestic petrol pump price is inevitable, given the writing on the wall. ” Right from the time fuel subsidy was either reduced or removed, it became inevitable that the price may rise. You will also note the sharp…
“We propose that Nigeria, along with Ghana, Liberia, Gambia, and Sierra Leone — the five English-speaking countries — could have one currency for now. “Then, the Francophone countries could have another currency. Over the years, these two currencies could potentially merge into a single currency”. This was disclosed by Edwin Melvin Snowe Junior, a prominent…
The Federal Competition and Consumer Protection Commission (FCCPC), on Tuesday, reacted to the negative criticism by the Organised Private Sector and other interested parties regarding its recent directive to businesses to cease price gouging, price fixing, and other exploitative practices. “Price control is entirely outside the scope of our responsibilities.” In a statement on its…
Rev Isaac Adefemi Agoye, is representing Manufacturers Association of Nigeria, on the Board of the Bank of Industry (BOI), as a non-executive director.Rev Agoye was among the non- executive directors of BOI approved by President Bola Tinubu along with the new 13-member board for the BOI. The new Board is headed by Dr Mansur Muhtar,…
▪︎Dr Muda Yusuf, CEO of CPPE The Centre for the Promotion of Private Enterprises (CPPE) says that the core mandate of the Federal Competition and Consumer Protection Commission (FCCPC) is not to fight inflation. Dr Muda Yusuf, the CEO of CPPE, made the assertion while reacting to the threat by the FCCPC to traverse markets…
On Thursday 12 September 2024, worldstainless Secretary-General, Tim Collins, will explain why stainless steels, should be part of our routine materials palette, for the built environment. In a statement released ahead of the event by the World Stainless Steel , said “Stainless steels are an impressive family of high Chromium alloys and offer good to…
(Industrial Times) BUA Cement Plc has resolved to dedicate about 400 truck load of cement supplies to South West market to address scarcity of the product in that region. AbdulSamad Rabiu, the Chairman of BUA Cement, disclosed this during the company’s 8th Annual General Meeting (AGM) in Abuja, on Thursday. Rabiu said that the company’s…
▪︎Waste recycling center in Abuja/ Afrik 21 (Industrial Times) The International Labour Organization (ILO) says that the waste and recycling industry employs 6.9 million, representing 0.2 per cent of total global employment. The waste management and recycling industry includes businesses and organizations that collect, process, and recycle materials such as glass, plastic, paper, metal, and…
The MDA’s overall performance score is based on Efficiency and Transparency measures, with a 70% to 30% ratio, respectively
▪︎UGC image of Rotimi Akinde, and Ifeoma Uz’Okpala President Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala as executive directors of the Bank of Industry (BOI). In a statement on Wednesday by Theodora Amechi, head of public relations division at BOI, the appointment took effect on August 26. BOI said Akinde will serve as…
