The General Council of the World Trade Organization (WTO) has agreed by consensus to reappoint Dr. Ngozi Okonjo-Iweala as Director-General for a second four-year term, set to begin on 1 September 2025. Dr. Ngozi Okonjo-Iweala first assumed office as Director-General on 1 March 2021., her first term concludes on 31 August 2025. In a statement…
▪︎From left :Mr Kamar Bakrin, Executive Secretary/CEO, NSDC, and Barr. Emeka Obegolu, President of Abuja Chamber of Commerce. The National Sugar Development Council (NSDC) has commenced discussion with the Abuja Chamber of Commerce and Industry (ACCI) to seek potential collaborations that can add value to the Council’s search for serious investments into the sugar subsector….
Dubai is set to host the Gulf’s first large-scale brewery as a joint venture involving Heineken NV prepares to produce popular beer brands in the emirate. Bloomberg reports that this marks a significant shift in a region traditionally known for its strict regulations on alcohol sales and consumption. Sirocco, a partnership between Heineken NV and…
Seven-Up Bottling Company, has re-launched Pepsi 60cl long throat bottle with “Big Big Tinz (Big Refreshment. Big Value)” as the official theme song for the campaign. In a statement, the Senior Brand Manager, of Seven-Up Bottling Company, Sam Okolie, noted that originally introduced in 2015, the Pepsi 60cl Longthroat bottle is back on shelves in…
The ECOWAS Commission has launched its ECOWAS Electronic Certificate of Origin (E-CO) to facilitate cross – border movement of goods within the sub- region. The event brought together representatives of the African Continental Free Trade Area Secretariat, African Development Bank, GIZ, World Customs Organisation, UEMOA Commission, Regional Economic Communities, TradeMark Africa, ECOWAS member states and members of…
▪︎Mamut Asmali, General President The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, (NACCIMA) has opened MUSIAD Office in Nigeria. MUSIAD (Müstakil Sanayici ve İşadamları Derne) is an Independent Industrialists and Businessmen’s Association with 56 representatives in Turkey and 32 representatives abroad. The Nigerian office brings its global presence to 33. NACCIMA’s Director- General,…
Energy experts say manufacturers in Nigeria should make a deliberate shift from dependence on power supply from the national grids to wind, hydro, solar and other renewable energy sources, for energy security in the sector. The energy experts- Sanusi Garba, the Chairman of the Nigerian Electricity Regulatory Commission (NERC); Sunday Oduntan, the Managing Director, of…
The BFI Group and CNCEC International have signed $1.2 billion investment agreements to revive the long-dormant 135MMscfd Gas Processing Plant at ALSCON in Ikot Abasi, Akwa Ibom State. The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, broke the news today at the agreement signing ceremony. Ekpo , on his official X, on Tuesday, said, ”…
BUA Industries Limited has secured US$200 million Corporate Finance Facility from the African Export-Import Bank (Afreximbank) to boost its expansion plans. In a statement, Afreximbank said that the first tranche of $150 million was disbursed on October 16, 2024 and the balance of $50 million disbursed yesterday, 11, November, 2024. Mrs. Kanayo Awani, Executive Vice…
With Nigeria’s power supply remaining inconsistent and expensive, manufacturers face significant challenges in maintaining production costs and scaling their operations.
