▪︎Governor Fubara signs the Executive Order No. 002 of 2024 for the establishment of the Rivers State Investment Promotion Agency , in Port Harcourt, on Monday. Rivers State governor, Sir Siminalayi Fubara, has called on prospective investors to liaise with the Rivers State Investment Promotion Council for seamless investments in the State. Fubara made the…
The advert has sparked heated discussions across Chinese social media platforms over the last few days, with many people angered by its attempts to compare a person’s “purity” with the disinfecting abilities of Dettol products.
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…
Francis Meshioye, the President of the Manufacturers Association of Nigeria (MAN), says that the Dangote Petroleum Refinery needs all the support of Nigerians – the government, regulators and Marketers, to enable it to perform optimally. “The Refinery will be a reliable source of fuel and petrochemical products that are essential for capacity utilisation and value addition…
▪︎ Keynote Speaker, Segun Ajayi-Kadir, Director-General of MAN The Commerce and Industry Correspondents Association of Nigeria (CICAN) has chosen “Manufacturing Sector’s $1 trillion GDP target by 2030: Realities & Possibilities,” as its 2024 conference theme. The event will hold at the Radisson Blu Hotel in Lagos on November 21. A statement from the CICAN Secretariat…
In Picture from left to right: Registrar & Chief Executive, Mr. Josiah Akerewusi;, 2nd Vice President, Mrs. Fiona Ahimie., President/Chairman of Council, Mr. Oluwole Adeosun, and Central Bank of Nigeria Governor, Mr. Olayemi Cardoso and 1st Vice President, Oluropo Dada. Source: CBN 25 April 2024
Holcim -the parent company of Lafarge Africa Plc is set to exit Nigeria cement industry ,blaming harsh economy. Reuters reported that Holcim, which owned an 84 per cent stake in Lafarge Africa (WAPCO.LG) said it has now sold its stake to China’s Huaxin Cement for $1 billion. According to Holcim, the deal, projected to be…
In a statement issued on Friday in Abuja, Oyewole said that the ban would significantly benefit local manufacturers by retaining critical raw materials within the country, thereby improving access to wood for processors and furniture makers.
“In the next few days, ten Nigerian companies would be exporting different homemade products to countries across East, Central, and North Africa, under the African Continental Free Trade Area Agreement (AfCFTA).This declaration was made , yesterday in Lagos, by the Coordinator, National AfCFTA Coordination Office, Olusegun Awolowo. “Some of the companies include, Le Look Nigeria…
The BFI Group and CNCEC International have signed $1.2 billion investment agreements to revive the long-dormant 135MMscfd Gas Processing Plant at ALSCON in Ikot Abasi, Akwa Ibom State. The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, broke the news today at the agreement signing ceremony. Ekpo , on his official X, on Tuesday, said, ”…
