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,
A report by the United Nations Conference on Trade and Development (UNCTAD), titled ‘The Economic Development in Africa Report 2023,’ shows that Africa has an abundance of metals needed for electric vehicles and for clean energy.” Africa possesses vast reserves of critical minerals, including aluminum, cobalt, and copper, required for high-tech and green products like…
Jindal Steel and Power Limited, one of India’s foremost private steel producers, has made an investment commitment to invest $3 billion in iron – ore processing and steel development in Nigeria. India Steel firms already on the ground in Nigeria, includes African Steel Mills with operations in Lagos and Abuja; Quantum Steel Nigeria Limited; Saba…
▪︎Innocent Chukwuma, Chairman of Innoson Vehicles Manufacturing Limited, Nigeria (BusinessDay.ng)Here are some of the auto companies in Africa that are bridging the capacity gap in the continent: 1.Innoson Motors Innoson Vehicle Manufacturing Co. Ltd (IVM) is owned by Innocent Chukwuma, a Nigerian entrepreneur. It was established in 1987 as a motorcycle manufacturing company but has…
No fewer than fourteen industry leaders in the Nigerian Manufacturing sector are attending the 2023 G20 Summit with President Bola Tinubu in Delhi, India. A look at the roll-call shows that out of the 38 prominent businessmen and investors in the delegation,14 of them are industry leaders. In a statement, the Nigerian High Commissioner to…
