A Federal High Court in Abuja, today, granted bail to Chioma Okoli in the sum of N5 million with two sureties. Chioma Okoli was previously arrested and detained in September 2023 over her review of a tomato product manufactured by Erisco Foods Limited. Okoli was arraigned on Tuesday, May 28, 2024 before Hon. Justice Peter…
The review of the law has become imperative to protect local businesses engaged in import and export.
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1,420 Sell ₦1,425 GREAT BRITISH POUND (GBP) Buy ₦1,900 Sell: ₦1,915 EURO (EUR) Buy ₦1,585 Sell ₦1,600 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS) Buy…
“If addressed and revitalised, we can stop the constant importation of books and other printed materials as our research shows that we spend over N200 billion annually to import books and other printed materials.” These words were spoken by Mr Adekunle Adebambo, the President of Gothenburg Print Professionals Association of Nigeria (GUPPAN). During a media…
Chioma Egodi, who was accused to have projected Erisco Foods Limited’s Nagiko Tomato Mix, in a bad light on a social media platform, has apologised to the company, said Human rights lawyer, Inibehe Effiong. Industrial Times learned that Egodi made a comment about the product that annoyed the manufacturer . Consequently, she was arrested by the…
Nigeria is gradually moving from dependence on imported health products towards building domestic capacity to manufacture essential commodities.
(Industrial Times, Nigeria) President Bola Tinubu’s discussions with the President Teodoro Mbasogo of Equatorial Guinean, resulted in a signed agreement on a gas pipeline for the Gulf of Guinea. This is disclosed in a statement on Thursday, by Ajuri Ngelale, the president’s spokesman. “The Gulf of Guinea gas pipeline project was signed on Wednesday, to…
Executive orders promoting local content should move beyond rhetoric and become enforceable instruments of industrial policy.
“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.”
