The Manufacturers Association of Nigeria (MAN) says that the manufacturing industry and not the services sector is essential for driving real economic growths . Segun Ajayi-Kadir, the Director-General of MAN, affirmed this in reaction to the NBS GDP reports for the third quarter of 2024 in which the Services sector dominated the composition of the…
By Philip Jakpor On Friday, May 10, 2024, the Nigerian President met with two Chinese companies – Avatar New Energy Materials Company Limited which processes 4, 000 tons of lithium per day in Nasarawa State, and Canmax Technologies, the Chinese company responsible for over 30 percent of the global battery material production, which announced a…
The stock price rose from N3.85 per share to close at N45.00 per share ( or 9.36 percent).
▪︎ President Bola Tinubu, PECC Chairman. The Lagos Chamber of Commerce and Industry (LCCI) has commended the federal government for the establishment of the Presidential Economic Coordinating Committee (PECC), which is tasked with turning around the economic conditions and repositioning the economy for growth, industrialisation, job creation, and revenue generation. The LCCI also said availability…
“They should utilise the equipment judiciously to better their lives. They are not supposed to sell them. They are expected to use them for their daily livelihoods so that in another year or two, they will also be able to empower somebody else.”
“The launch reflects a broader shift in African markets, where businesses, governments and development institutions are increasingly seeking sophisticated financing and advisory support to execute growth and transformation initiatives,” said Adedayo Amzat, Group Managing Director of Zedcrest Group.
This factory is not just for Nigeria but for the African market—West, East, Central, and Southern Africa.
An immigration officer on Tuesday confirmed that the Republic of Niger is no longer recognizing the ECOWAS Travel Certificate (ETC) or ECOWAS passport for entry into the country for Nigerian travelers. The ECOWAS Travel Certificate and the ECOWAS passport are important travel documents that facilitate movement among member countries of the Economic Community of West…
Diageo Plc, a British multinational alcoholic beverage company, with its headquarters in London, England, has announced the sale of its majority stake in Guinness Ghana Breweries to the Castel Group for $81 million. The transaction will see the UK-based beverage giant part with its 80.4% shareholding in the Ghanaian unit while retaining ownership of its…
