Nestle Golden Morn’s Now in New Pack for easier recycling
The new packaging brings Nestle closer to achieving 2025 commitment of making 95% of all its packaging recyclable
POLICY
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Nigeria Links Presidential Jets Seizure to Industrial Contract Failures
A contract between Ogun State and Zhongshan to manage a free-trade zone was executed in 2007.
Apapa Port Command Seizes 12 Containers of Expire Drugs, Others
(Industrial Times, Nigeria) Today, the Comptroller-General of the Nigerian Customs Service, commended Babatunde Olomu, the Customs Area Controller for Apapa Command, and the officers working with him for the seizures of twelve containers of smuggled expired products through the port, in recent months. CGC Adewale Adeniyi, also advised port users to embrace only legitimate trade…
Nigeria, Equatorial Guinea Signs Deal for Gas Pipelines
(Industrial Times, Nigeria) President Bola Tinubu’s discussions with the President Teodoro Mbasogo of Equatorial Guinean, resulted in a signed agreement on a gas pipeline for the Gulf of Guinea. This is disclosed in a statement on Thursday, by Ajuri Ngelale, the president’s spokesman. “The Gulf of Guinea gas pipeline project was signed on Wednesday, to…
LCCI Announces Venue for ‘Invest Nigeria’ Expo 2024
LCCI said that the expo will be used to introduce 15 Unicorn Companies to the Nigerian Economy, Sign landmark investment agreements
Junaid Waziri To Establish $1.5bn Cement Factory in Bauchi
Dr Abbas Junaid Waziri, the managing director of Resident Cement Company, has expressed interest to establish a cement factory in the Gwana district of Alkaleri Local Government Area of Bauchi State. The State Governor, Bala Abdulkadir Mohammed, who disclosed this, said that Resident Cement Factory has resolved to invest $1.5 billion in establishing the Gwana…
Manufacturers urge to move Cargoes through Railway
▪︎APM Rail Terminals Kano The Nigerian Shippers Council (NSC) and the Nigerian Railway Corporation (NRC) say that manufacturing companies, importers and exporters should take advantage of rail services for the transportation of cargoes to and from the seaports to Inland Dry Ports (IDPs). The two agencies of the government back up the call with signed…
NACCIMA, CBN differ on payment of outstanding FX to Companies
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), is calling on the Central Bank of Nigeria (CBN) to act quickly to pay the outstanding balance of the 2022 to 2023 foreign exchange forwards to the affected companies. Conversely, CBN Governor, Olayemi Cardoso, maintained that the bank would not pay for FX…
Fubara Tasks Investors to go through State’s Investment Promotion Council
▪︎Governor Fubara signs the Executive Order No. 002 of 2024 for the establishment of the Rivers State Investment Promotion Agency , in Port Harcourt, on Monday. Rivers State governor, Sir Siminalayi Fubara, has called on prospective investors to liaise with the Rivers State Investment Promotion Council for seamless investments in the State. Fubara made the…
Hunger Protests: Businesses Suffer Over N700bn Losses
▪︎People protest against hardship on the street of Lagos, Nigeria, Thursday, Aug. 1, 2024. Thousands of mostly young people poured onto the streets across Nigeria on Thursday as they protested against the country’s worst cost-of-living crisis in a generation. Security forces fired tear gas to disperse some of the protesters in the capital, Abuja. (AP…