Chioma Egodi, who was accused to have projected Erisco Foods Limited’s Nagiko Tomato Mix, in a bad light on a social media platform, has apologised to the company, said Human rights lawyer, Inibehe Effiong. Industrial Times learned that Egodi made a comment about the product that annoyed the manufacturer . Consequently, she was arrested by the…
▪︎Cover image credit: MAN NIRAM Exhibition photo The President of the Port Harcourt Chambers of Commerce, Industries, Mines and Agriculture (PHCCIMA), Mr. Mike Elechi, has given insights into the economic benefits of participations in international trade fairs by both local and foreign exhibitors. The economic importance of trade fair is very enormous. It is an…
▪︎Cover image: Mr. Jaafar Harti, MD of Dolidol Group The Dolidol Group, a Morocco based foam mattress giant, is agressively expanding its tentacles through the acquisition of existing manufacturing plants in West, East and North Africa. This is even as the global mattress market is valued at $32.83 billion in 2022, and is expected to…
▪︎CBN Governor, Dr. Olayemi Cardoso. The Centre for the Promotion of Private Enterprise [CPPE] has called for a fresh recapitalisation of the banking industry in Nigeria. Dr. Muda Yusuf, CEO of the CPPE, made the call in a ten point agenda for the new Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso. He…
By Franklin Ocheneyi “IT’s high time compressed natural gas (CNG) and liquefied natural gas (LNG) powered vehicles ply Nigerian roads because of their environmental friendliness and sustainability.” This declaration was made recently by Otunba Francis Meshioye, the President of the Manufacturers Association of Nigeria (MAN). His expectations of running Nigeria on green energy vehicles, was…
“Between January and July 2023, Dangote Cement consumed over 34,800 metric tonnes of alternative fuel materials for its operations.” The alternative fuels includes tyre chips, waste oils, and agricultural waste such as palm kernel shells and rice husks. This was disclosed by the Head of Sustainability, Dangote Cement Plc, Obajana Plant, Dr. Eseosa Ighile. ”…
▪︎UBA’s Group MD/CEO, Mr. Oliver Alawuba United Bank for Africa (UBA) Plc says that harmonization of currency exchange rates by the Central Bank of Nigeria, impacted positively on its earnings in the half year ended June 30, 2023. In a statement, UBA’s Group Managing Director/Chief Executive Officer, Mr. Oliver Alawuba, said: “The Group recorded strong…
The 18th edition of the Abuja International Trade Fair will hold from 29th September to 9 October 2023. Director General of the Abuja Chamber of Commerce and Industry (ACCI), Dr. Victoria Akai, said at a press conference, yesterday.She said that this year’s fair with the theme, ‘Sustainable Financing and Taxation,’ would be as a platform…
FOUR existing and new Indian companies have pledged to invest about 14 billion US dollars in Nigeria The investments will go into fertilizer, steel, power, and telecoms. The companies promising these investments are : Indorama Petrochemical Limited; Jindal Steel and Power Limited; SkipperSeil Limited , and Bharti Enterprises. Here’s the breakdown of the investments promised…
Minister of Solid Minerals, Oladele Alake,
