• Dr. Ifeanyi Okoye, NECA President The Nigeria Employers’ Consultative Association (NECA) and the Nigeria Labour Congress (NLC) have dismissed the claims by the Nigerian Bureau of Statistics, NBS, improvement in some macroeconomic indicators. The Nigerian Bureau of Statistics, NBS, has just released its latest Composite Consumer Price Index indicating that inflation declined for the…
A new tomato processing factory and farm expansion by the Spanish multinational group, GB Foods have been commissioned in Gafara, Ngaski Local Government of Kebbi State. Abubakar Kyari, the Minister of Agriculture and Food Security, commissioned the tomato Processing factory, weekend, on behalf of President Bola Tinubu. “I am happy that GB Foods is the…
Nigeria holds the second-largest IFC portfolio in Africa with an active investment portfolio of $2.1 billion as of April 2024
The successful candidates were recruited into the Superintendent, Inspectorate and Customs Assistant cadres, with all 36 states and the Federal Capital Territory represented.
(The East African)A sixth sugar factory has started production, boosting the Tanzania government’s efforts to cut down on sugar imports and control retail prices. The Mkulazi Sugar Factory, a joint venture by the National Social Security Fund (NSSF) and the Tanzania Prisons Service started production in December, aiming to produce 50,000 tonnes per year. The…
▪︎Taiwo Adeniyi, GMD/CEO The Board of Vitafoam Nigeria Plc will present a dividend of N1.951,317,000, representing 1.56 kobo per share to shareholders for approval at the next annual general meeting in 2024. This is even as the company says that it’s expansion drive to Sierra Leone has begun to yield positive outcome by way of…
▪︎Yemi Cardoso, current Governor of CBN (BusinessDay) Here is a list of the Central Bank of Nigeria (CBN) Governors from 1958 till date, along with brief biographies: 1. Roy Pentelow Fenton (1958-1963): Roy Fenton was the first Governor of the Central Bank of Nigeria.He played a significant role in establishing the central bank during Nigeria’s…
Dantsoho cited projects including the $20 billion Simandou-Morebaya deep seaport project in Guinea, the $2 billion Port San Pedro project in Côte d’Ivoire, the $1.5 billion Lekki Deep Sea Port in Lagos, and a proposed $600 million investment by APM Terminals in Nigeria.
▪︎ NSDC CEO, Kamar Barkin, and Committee Committee Chairman, Hon Dolapo Enitan Badru The House of Representatives Committee on Industry has agreed to amend the National Sugar Development Council (NSDC) Act which is hindering investment in the sugar industry. The Executive Secretary/CEO of NSDC Mr Kamar Bakrin, said that the ammendments will accelerated sugar project…
The Manufacturers Association of Nigeria (MAN) has called on the Financial Reporting Council of Nigeria (FRCN) to reconsider the implementation of annual turnover fees for private companies. Segun Ajayi-Kadir, the Director-General of MAN, highlighted the potential negative impact these fees could have on manufacturing firms, particularly those that are classified as non-listed entities, and urged…
