Korea Pledges $14bn Export Financing For Korean Companies in Africa
Adesina also highlighted the deep relationship between Korea and the Bank, starting from 1982 when Korea became a member of the Bank.
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Benedict Peters’ Bravura Holdings Launches Zimbabwe’s First World-class Lithium Facility
The lithium facility with the capacity to process over five million tons of ore annually, is set to position Zimbabwe as a formidable player in the global lithium market.
High Commissioner of the Republic of Kenya Visit LCCI
L-R: the Director- General, Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona; High Commission of the Republic of Kenya, Abuja, Nigeria, Isaac Keen Parashina; and the President, LCCI, Mr. Gabriel Idahosa, during a courtesy visit of the High Commissioner of the Republic of Kenya to the Leadership of LCCI to Strengthen bilateral relations…
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.
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…