World Stainless Association Appoints Akihiko Inoue New Chairman
▪︎Akihiko Inoue New Chairman
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Dangote says Refinery IPO to open next 10 to 12 days
Aliko Dangote, chief executive officer (CEO) of the Dangote Group, says the initial public offering (IPO) of Dangote refinery will open in the next 10 to 12 days.According to Reuters, Dangote announced the IPO timeline on Thursday while speaking to investors and analysts in Botswana. According to Reuters, Dangote announced the IPO timeline on Thursday…
Nigerian shippers Regulatory Interventions save Industry N90.6bn, $1.348m
The NSC received 558 complaints during the period and resolved 295 disputes involving container deposits, demurrage, detention charges, terminal charges, cargo claims and export fraud.
UPDATED: Qatar’s Baladna says ” visit to Abiodun exploratory, no investment agreement signed for dairy factory”
Baladna’s Marketing and Communications Director, Aladdin Idilbi, has clarified that the Qatari firm and the Ogun State government hadn’t signed any agreement on building a multi-million dollar factory. Idilbi, in a WhatsApp message, said, “To clarify, the visit to Ogun State Governor, Dapo Abiodun, was purely exploratory, aimed at assessing potential sites for arable and…
WTO Closes Nominations for DG; Okonjo-Iweala sole candidate
The General Council of the World Trade Organization (WTO) said today – 9 November- that nominations for the position of Director-General closed yesterday, 8 November and that the incumbent Director-General, Ngozi Okonjo-Iweala, is therefore the only candidate for the role. Ambassador Petter Ølberg of Norway, Chair of the General Council, informed the member countries via…
RMRDC To Site Aromatic Plants clusters in Oyo State
Among the aromatic plants identified for development were lemongrass, basil, mint, citronella, clove and cinnamon, all of which have significant commercial value and wide-ranging applications in the food, pharmaceutical, cosmetics, perfumery and herbal medicine industries.
Maersk evacuating 1,900 empty cargoes from Lagos ports
From right: Executive Secretary/CEO of the Nigeria Shippers Council, Pius Akutah, in a meeting with a delegation from the International Trade Centre in Lagos.
Customs FOU C seizes N403.5m smuggled foreign vegetable oil in Southeast
He listed the seized items to include 3,310 jerrycans of 25-litre “Super Delicious” vegetable oil, 10 jerrycans of 10-litre “Super Delicious” vegetable oil, 20 cartons of 5-litre sunflower vegetable oil and 20 cartons of 3-litre sunflower vegetable oil.
10 Countries With The Largest Natural Gas Reserves in 2023
Natural gas is one of the most important fuels in today’s world.To an extent, it offers the high energy benefits of petroleum fuels and also is more environmentally friendly due to lower emissions. Additionally, recent developments in the global energy market, particularly in Europe, have also thrown the liquefied natural gas (LNG) market into the…
NACCIMA, CBN differ on payment of outstanding FX to Companies
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), is calling on the Central Bank of Nigeria (CBN) to act quickly to pay the outstanding balance of the 2022 to 2023 foreign exchange forwards to the affected companies. Conversely, CBN Governor, Olayemi Cardoso, maintained that the bank would not pay for FX…