Adedeji’s One Year Scorecards at FIRS
Achieved 81 percent of the collection of the first quarter of 2024 amounting to N3.94 trillion being an all-time highest in the same quarter and 56 percent higher than Q1 2023.
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WTO says Trade-facilitating policies now outpacing restrictions among members
The WTO says that it’s member countries introduced more trade-facilitating measures than trade-restricting measures on goods, between mid-October 2023 and mid-May 2024. It’s Director-General, Dr Ngozi Okonjo-Iweala, said : ” It’s an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty.” WTO, in its latest Trade Monitoring Update issued on…
Manufacturers Present Summit Report to the Presidency for Implementation
In Picture: L-R: Director- General, Manufacturers Association of Nigeria (MAN) Segun Ajayi-Kadir, mn President, MAN, Otunba Francis Meshioye, OFR; Deputy Chief of Staff to the President, Senator Ibrahim Hadejia and Director General, National Institute for Policy and Strategic Studies (NIPSS) Prof. Ayo Omotayo during the Presentation of Preliminary Report of the Nigeria Manufacturers Summit to…
Emzor Sees Pharmaceuticals Drug Imports Falling by 70%
Emzor Pharmaceuticals Industrial Limited, says that the trend of manufacturing only 30 percent and importing 70 percent of drugs by pharmaceutical companies in the country , will soon end. Funke Asiru, the company’s Director of Strategy, anticipated this development in the industry, following the federal government’s recent executive order which introduced zero tariffs, excise duties and value-added…
Nestlé Professional Empowers 1,900 Food Vendors
Participants in the workshop were operators of canteens, grillers, ‘Maishais’, and bukas.
WTO/ FIFA Cotton Four Countries Project Enters $12bn Mobilisation Stage
▪︎ WTO DG, Ngozi Okonjo-Iweala UNIDO, WTO, ITC, Africa Finance Corporation (AFC) and International Islamic Trade Finance Corporation (ITFC), have begun mobilizing $12 billion to support the development of a sustainable cotton industry in the Cotton Four countries (Benin, Burkina Faso, Chad, Mali – or “C4”) and Côte d’Ivoire. The project, tagged ‘Partnership for Cotton…
Shandong Chamber of Commerce Exchange Meeting with LCCI
At the meeting, LCCI President, Mr. Gabriel Idahosa, stated that the Lagos Chamber of Commerce and Industry (LCCI) is committed to strengthening bilateral relations between Nigeria and China.
FG Links Agbara Industrial Hub to National Grid
The Federal Government has connected the Agbara Industrial Hub in Ogun State, to the national grid, under it’s Industrial Clusters Power Project. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed this, during the Nigeria Manufacturers Summit,’ Rethinking Manufacturing’, held at the Presidential Villa in Abuja, yesterday. Before this initiative, none of the businesses…
Auto Industry Needs Components Manufacturers to Drive Growth – Ejindu
The maiden edition of the Nigeria Auto Industry Summit (NAISU) ended with calls for strategic investments in the production of automotive components and parts to drive the sector’s growth. The summit, held in Lagos, was organised by the Nigeria Auto Journalists Association (NAJA), in conjunction with the National Automotive Design and Development Council (NADDC). During…
Nigeria’s New Mining Licences Rate
The Minister of Solid Minerals Development, Dele Alake, says that investors applying for a Mining Lease license would pay N3 million, while Small Scale Mining Lease (SSML) applicants will pay N300,000 for the first two cadastral units. The Minister also said : “The cost to obtain an Exploration Licence (EL) is N600,000 for the first…