Nigeria now producing methanol locally in Ondo State
The plant has the capacity to produce 100,000 metric tons of methanol and 160,000 metric tons of ammonium bicarbonate annually- marking a historic leap for Nigeria’s gas-based industrialization.
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Mondelez West Africa Honours 38 Staff for Long Services
Mondelez West Africa at Mondelez International Nigeria, honoured 38 of the staff at its 2024 Long Service Awards. The awards category ranged from 10, 20 and 30 years, respectively. Oyeyimika Adeboye, Managing Director, Mondelez West Africa, commended the awards recipients for the achieved milestones. ” To work in the same organisation for 10 years is…
PZ Cussons Nigeria Donates Research Equipment to UniJos
PZ Cussons Nigeria PLC-under NOTAP-Industry Research Laboratory Upgrade Project- donated State-of-the Art research equipment to Department of Chemistry, University of Jos. Speaking at the occasion, the Chief Executive officer of PZ Cussons Nigeria PLC, Mr Dimitris Kostianis, said we keyed into the vision of National Office for Technology for Acquisition and Promotion (NOTAP) in their…
Minister Orders FRC, BoI To Review Manufacturers’ Requests
A future where companies like Nigerian Breweries and others are not only surviving but thriving, setting a precedent for other industries in Nigeria.
Naira Exchange Rates to Foreign Currency, Friday June 12
Black Market
US Dollar (USD) Buy ₦1,397 Sell ₦1,405
Great British Pound (GBP) Buy ₦1,850 Sell: ₦1,870
EURO (EUR) Buy ₦1,587 Sell ₦1, 607
Canadian Dollar (CAD) Buy ₦1,030 Sell ₦1,100
South African Rand (ZAR) Buy ₦75 Sell ₦90
UAE Dirham Buy ₦350 Sell
Google Tests Gmail Address Changes
Accounts tied to workplaces, schools or organizations may require administrator approval, while most standard Gmail users will have to wait until the feature reaches their region.
New Tax Laws: Better Days Ahead for Nigerian Manufacturers —Oyedele
Oyedele addressed the manufacturers recently at a forum organised by the Manufacturers Association of Nigeria (MAN), themed, “From Legislative Assembly to Factory Floor: What the New Tax Laws Mean for Nigerian Manufacturers.”
Strait of Hormuz disruptions: Implications for global trade and development
•©Shutterstock/AU USAnakul The Strait of Hormuz is one of the world’s most critical maritime chokepoints, carrying around a quarter of global seaborne oil trade and significant volumes of liquefied natural gas and fertilizers. UNCTAD reports that the ongoing military escalation in the region has disrupted shipping flows through this narrow passage. The resulting ripple effects…
FMN Group Chairman At The Economist’s World Ahead 2024 Dinner Launch
FlourMills of Nigeria (FMN) Group Chairman, Mr. John G. Coumantaros led a fireside conversation on how the Group has been successfully navigating the business environment during The Economist’s World Ahead 2024 Dinner Launch. Source: #FMNGroup
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…