President Bola Tinubu has reiterated his administration’s plans to reduce inflation from its current high of 34.6 percent to 15 percent in 2025. President Tinubu, in his New Year messages, admitted that 2024 posed numerous challenges to Nigerians and households. He said that 2025 will bring brighter days, adding, “By the grace of God, 2025…
The Manufacturers Association of Nigeria (MAN) called on the Governor of Lagos State, Babajide Sanwo-Olu, to use his good office to order the immediate reopening of the closed factories of Nigerian Bottling Company, FrieslandCampina, and Guinness Nigeria Plc, by the Lagos State Water Regulatory Commission (LASWARCO). Mr Adewale-Smatt Oyerinde, the Director-General of Nigeria Employers’ Consultative…
71 Countries produced 146.8 million tonnes of crude steel in November 2024, a 0.8% increase compared to November 2023, according to the the World Steel Association (worldsteel). Crude steel is the first stage in the steel production process, representing the raw form of steel before it undergoes further refining and shaping. In the analysis of crude…
A former Director of the Raw Materials Research and Development Council (RMRDC), Dr Nandom Abu has been appointed as the Director of the Materials Development Institute (MDI) Keffi, Nassarawa State. The Materials Development Institute (MDI) is a collaborative initiative of the Raw Materials Research and Development Council (RMRDC) Abuja and Nasarawa State University Keffi (NSUK)….
By FAO This holiday season, let’s pave the way for a better year by working toward sustainability, in all areas of life. During the end-of-year holidays, when fortunate, we spend more time with family and friends, cooking, exchanging gifts, or traveling to meet loved ones. All of these actions can be done in a more…
How to enhance seamless trading between the United Kingdom and Nigeria was the focus of a Train the Trainers workshop for stakeholders in Nigeria. The workshop was put together by the National Quality Council (NQC) in collaboration with the British Standards Institute (BSI). Public sector participants in the workshop were drawn from the National Quality…
Mondelez West Africa at Mondelez International Nigeria, honoured 38 of the staff at its 2024 Long Service Awards. The awards category ranged from 10, 20 and 30 years, respectively. Oyeyimika Adeboye, Managing Director, Mondelez West Africa, commended the awards recipients for the achieved milestones. ” To work in the same organisation for 10 years is…
Honda and Nissan are in talks to merge by 2026, in an effort to fight intense competition from Chinese rival cars makers , such as Tesla and BYD. Reuters reports on Monday, that the tie-up would create the world’s third-largest auto group by vehicle sales after Toyota and Volkswagen (VOWG). It would also give the two companies scale and a…
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, urged the National Assembly to iron out the contending issues in the Tax Reform Bill rather than dumping it in its entirety. Edun also disclosed that a total sum of ₦16.1 billion was disbursed to 22 manufacturing concerns from the ₦75 billion…
The Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, has acknowledged that it’s important that businesses in Nigeria thrive as they’re seen as the best advertisements for foreign direct investment. She spoke at NACCIMA House in Lagos during an engagement with the leadership of the association. The Minister said the NACCIMA leadership had expressed…
