The Managing Director of NIXIN Paper Mill, Eric Wang, highlighted the potential of Nigeria’s paper industry, comparing it with his hometown in China, with a population of just 300,000, supporting a paper factory that consumes over 20,000 tons monthly. The Lagos Chamber of Commerce and Industry (LCCI) attracted over $60 million investment into the Nigeria’s…
SINOMACH, a Chinese conglomerate, is investing $1 billion in Nigeria’s sugar Industry. The memorandum of understanding for the development of a sugarcane cultivation and processing plant capable of producing one million metric tonnes of sugar has been signed by the investor and the National Sugar Development Council (NSDC). In the agreement, SINOMACH is set to…
The National Agency for Science and Engineering Infrastructure (NASENI) has unveiled its different brands of made-in-Nigeria products in Katsina State as part of efforts to strengthen Nigeria’s industrial sector and reduce reliance on imports. The products, which include a Hilux vehicle, laptops, phones, batteries, smart TV, microwaves, water dispensers, hydraulic equipment, were unveiled at the…
Photo : (L-r) Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem; Governor of Zamfara State, Dauda Lawal; Federal Minister of Industry, Trade and Investment of Nigeria, Dr. Jumoke Oduwole; National President, Nigerian-American Chamber of Commerce (NACC), Sheriff Balogun and the President/CEO, African Finance Corporation, Samaila Zubairu. The new leadership of the Nigerian-American…
Nigerians are in shock, disbelief, and tears after another Ponzi scheme named CBEX crashed early this week. Weeks ago, many who invested in the scheme advertised their newly-found pathway to ‘financial freedom’ on social media with screenshots of account balances from $1,000, $10,000, and $85,000. As of Tuesday morning, their accounts have been blanked, with…
Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. Nairametrics reports that this move comes ahead of the 16th Council of Ministers Meeting on Trade scheduled for April 15 in Kinshasa, Democratic Republic of Congo, and…
The African Export-Import Bank (Afreximbank) says its goal to make Nigeria permanent regional office, has been achieved with its just commissioned $120 million Afreximbank African Trade Centre (AATC) in Abuja. The President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said , noting that the project, which began in November 2021…
Mr Dele Oye, the President of the Nigerian Association of Chambers of Commerce Industries, Mines and Agriculture (NACCIMA), is urging the Federal Government to prioritize economic sovereignty and a shift to a homegrown democracy that is both viable and affordable.Oye made the call today in Lagos , during the Vanguard 2025 Economic Discourse. What’s Economic…
For Nigeria, in terms of exports, it’s not too bad because oil minerals are excluded by America from being in any way sanctioned with tariffs. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said that the Federal Government’s Economic Team will review the impacts of the ongoing global tariff war…
Dr Jumoke Oduwole, the Honourable Minister of Industry, Trade and Investment , says that the Federal Government of Nigeria will continue trading with America not minding the recent tariff measures announced by the Government of the United States of America which imposed a 14 percent tariff on Nigerian exports. In a Position Statement on U.S….
