Australians To Train Nigerians On Modern Mining Technology, Practices – Minister
Minister of Solid Minerals, Oladele Alake,
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Intra- African Trade Rebounds by 12.4% in 2024- Afreximbank
“Despite global headwinds, Africa’s trade rebounded strongly in 2024, with trade between African countries growing by 12.4% to reach US$220.3 billion, from a contraction of 5.9% in 2023. This shows the tangible benefits of AfCFTA implementation, even as the continent contends with rising inflation, sovereign debt risks, and a persistent trade finance gap.” Dr. Yemi…
OPS Nigeria Condemns Incessant Bickering Between FG, Labour Unions
▪︎Labour Strike The Organised Private Sector Nigeria (OPSN) has condemns the incessant bickering between the Federal Government and the labour unions- National Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC), saying it poses a serious threat to the country’s economy. The OPSN members are Manufacturers Association of Nigeria(MAN); Nigerian Association of Chambers of…
Local Automobile Industry Patronage Bill scales 2nd reading in Senate
Leading the debate, Senator Ndubueze said that the bill sought to make it mandatory for Ministries, Departments and Agencies to give priorities to local manufacturers and indigenous companies in the procurement of goods and services
IEA says global gas balance set to remain fragile in 2025
Global natural gas markets are set to remain tight in 2025 as demand continues to rise and supply expands more slowly than before the pandemic and energy crisis, according to the IEA’s latest quarterly Gas Market Report published today. The report, which provides a thorough review of market developments in 2024 and an outlook for 2025, finds that…
BUA Foods Makes N672bn from Sugar and other Products in HY 2024
Further analysis of the Unaudited Financial statement for the six months ended June 30th, 2024, showed that the revenue grew by 110 percent, while the profit after tax jumped by 38 percent.
Dangote retires as Sugar Board chairman, Arnold Ekpe takesover
• Arnold Ekpe “In line with the principles of good corporate governance and succession planning, Dangote Sugar Refinery Plc hereby announces the retirement of our esteemed Chairman of the Board of Directors of the Company, Alhaji Aliko Dangote, effective June 16, 2025.” The company’s secretary, Temitope Hassan, said in a statement on Wednesday. It said…
Nigeria’s Industrial sector activities decline in August – CBN PMI
Among the 17 sub-sectors surveyed in the Industry sector, 7 recorded expansions, while the remaining 10 sub-sectors indicated contraction.
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…
NACCIMA Tasks Lawmakers “Don’t Stripe FTZs of Tax Exemptions “
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) is calling on the National Assembly to carefully evaluate the consequences of the proposed removal of tax exemptions for investors operating within the country’s Free Trade Zones (FTZs) as outlined in the Nigeria Tax Bill 2024. Currently, there are 50 FTZs in Nigeria,…