Ribadu wrote on X, emphasising that the discussions focused on strengthening the long-standing partnership between Nigeria and the United States, particularly in the area of security cooperation.
SINOMACH, a Chinese conglomerate, is investing $1 billion in Nigeria’s sugar Industry. The memorandum of understanding for the development of a sugarcane cultivation and processing plant capable of producing one million metric tonnes of sugar has been signed by the investor and the National Sugar Development Council (NSDC). In the agreement, SINOMACH is set to…
South Africa is the only nation on earth that carries the name of the entire continent as its surname. That is not an accident of cartography. That is a covenant…
The circular was addressed to Deposit Money Banks, Microfinance Banks, Mobile Money Operators, Switching and Processing Companies, Payment Terminal Service Providers, Payment Solution Service Providers, Super Agents, and other licensed operators in the Nigerian payments ecosystem.
• Dangote Cement 2024 AGM photo Dangote Cement Plc is adding 9 million metric tons (MTA) annual capacity to bring its combined outputs in Nigeria and in other African countries to 61 MTA. The company’s Chairman, Aliko Dangote, disclosed this during the 2024 annual general meeting held in Lagos. Dangote told the shareholders and the directors…
The leadership of the Manufacturers Association of Nigeria (MAN) are on working visit to member companies in Edo and Delta State. The MAN leadership will also visit the Edo State Governor, His Excellency Godwin Obaseki, and His Royal Majesty, the Oba of Benin, Oba Ewuare II. In a statement,MAN said that the visit was ahead…
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
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1, 400 Sell ₦1,410 GREAT BRITISH POUND (GBP) Buy ₦1,860 Sell: ₦1,885 EURO (EUR) Buy ₦1, 570 Sell ₦1,590 CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦180 Sell ₦200 GHANA CEDI (GHS) Buy ₦95 Sell ₦110 WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460 CENTRAL AFRICAN CFA Buy ₦2,220 Sell 2,300 AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900 CBN OFFICIAL EXCHANGE RATES US DOLLAR (USD) ₦1,370.19 GREAT BRITISH POUND (GBP) ₦1,829. 89 EURO (EUR) ₦1,568.32 SWISS FRANC (CHF) ₦1,1706. 13 JAPANESE YEN (JPN) ₦8. 50 CHINESE YUAN (CNY) ₦202. 06 WEST AFRICAN CFA (XOF) ₦2.38 WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,859. 48 SAUDI RIYAL (SAR) ₦364.93 SOUTH AFRICAN RAND (ZAR) ₦84. 46
Dr Olusegun Aganga, the former Minister of Industry, Trade and Investment, urged the federal government to declare the manufacturing sector a national priority sector and back it up plans, policies and money.
The Global Energy and United Nations Industrial Development Organisation (UNIDO) Industrial Energy Efficiency and Cleaner Production project has the Energy Commission of Nigeria and Manufacturers Association of Nigeria as executing partners with Bank of Industries, Federal Ministries of Power, Science and Technology, Standard Organisation of Nigeria, four Selected Universities and Nigeria Investment Promotion Council as key stakeholders.
