FOUR existing and new Indian companies have pledged to invest about 14 billion US dollars in Nigeria The investments will go into fertilizer, steel, power, and telecoms. The companies promising these investments are : Indorama Petrochemical Limited; Jindal Steel and Power Limited; SkipperSeil Limited , and Bharti Enterprises. Here’s the breakdown of the investments promised…
Jindal Steel and Power Limited, one of India’s foremost private steel producers, has made an investment commitment to invest $3 billion in iron – ore processing and steel development in Nigeria. India Steel firms already on the ground in Nigeria, includes African Steel Mills with operations in Lagos and Abuja; Quantum Steel Nigeria Limited; Saba…
▪︎Innocent Chukwuma, Chairman of Innoson Vehicles Manufacturing Limited, Nigeria (BusinessDay.ng)Here are some of the auto companies in Africa that are bridging the capacity gap in the continent: 1.Innoson Motors Innoson Vehicle Manufacturing Co. Ltd (IVM) is owned by Innocent Chukwuma, a Nigerian entrepreneur. It was established in 1987 as a motorcycle manufacturing company but has…
A week ago, the Minister of Works, Senator David Umahi, stired the hornet’s nest in the cement industry when he announced that he would dialogue with cement manufacturers to reduce the prices of their products. Also fanning the issue was a social media post that accused Dangote Cement for selling cement in Nigeria at significantly…
