IMF/World Bank Spring Meetings:
CBN Governor, Olayemi Cardoso responds questions from IMF African Department Director, Abebe Aemro Selassie on how the CBN is “Reforming Monetary Policy in Nigeria”.
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50th Anniversary Celebration of FAE Limited
From left : The Manufacturers Association of Nigeria (MAN) Director -General, Segun Ajayi-Kadir, exchange plesantary with Michael Olawale-Cole, the former President of Lagos Chamber of Commerce and Industry.
Presidential CNG Initiative Set For Rollout
By Bayo Onanuga ▪︎CNG Vehicles production factory. Source: X After the removal of the fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential CNG Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed to deliver compressed natural gas especially for mass…
Steeling Africa Data Center
▪︎Images: Teraco, Wikicommons The majority of Africa’s data is currently stored outside the continent, passing back and forth through underwater cables that connect to Europe through southern France. This outsourcing of Africa’s data infrastructure has been holding back development across the region. From share traders to healthcare professionals to video game players, the 180 milliseconds it…
Digital Technology shrinks paper industry in Nigeria
▪︎Cover image: Doris Uzoka-Anite Minister of Industry, Trade and Investment. Photo: X ” The paper industry in Nigeria has largely been in recession due to the growth in digital technology and other macroeconomic headwinds.” The sector contracted to 0.56% in 2023 from the 1.47% in 2022. Dr. Muda Yusuf, the Chief Executive Officer of the…
New Electricity Tariff Threathens 5 million Industries -OPSN
Officers of the Manufacturers Association of Nigeria during a tour of industries in Edo/Delta Branch .
” Why regional vaccine manufacturing is challenging “
Stavros Nicolaou is the Group Senior Executive of Aspen Pharmacare Holdings Limited, Gauteng, South Africa. In an interview with IFC, he explains the importance of being able to create viable markets for vaccine procurement, the need for partnerships for the right regulatory reform, and what0 Aspen is planning for expanding vaccine security on the continent….
US Giving Samsung $6.4bn for Manufacturing Chips
▪︎Samsung Electronics Head Office in Seoul, South Korea The Biden-Harris Administration is providing a $6.4 billion grant to Samsung Electronics (Samsung) to build new semiconductor fabrication plants in Texas. The U.S. Department of Commerce, disclosed this today , on its website. “I signed the CHIPS and Science Act to restore U.S. leadership in semiconductor manufacturing…
Fear Grips CBN workers Over layoffs of 117
The Central Bank of Nigeria has sacked about 117 staff cutting across 29 departments, staff of the apex bank said. Daily Trust reported that the layoff had been going on since the appointment of Dr Olayemi Cardoso as the Governor. The CBN workers revealed that no department can be spared in the continued sacking ravaging…
ECCIMA Extols Dangote for Investments in the Economy
The Dangote Group has been lauded for adding “immense value to the Nigerian economy and still going stronger.” ThePresident of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), Sir Odeiga Jideonwo, gave the praise during the ongoing 35th Enugu International Trade Fair, themed: ‘Promoting Made in Nigeria Products for Global Competitiveness’.Jideonwo enthused that the…