FG Mandates ARCON to enforce 45‑day advertising payments rule

Photo: ARCON Director -General, Dr. Olalekan Fadolapo The Federal Government has directed the Advertising Regulatory Council of Nigeria (ARCON) to esure that payment for advertising services must be made within 45 days, in line with global best practices and the Advertising Industry Standards of Practice (AISOP). In a statement by Dr. Olalekan Fadolapo, Director-General of…

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Aganga To Address CIoD’s Largest Gathering of Directors  In Abuja

The Chartered Institute of Directors Nigeria (CIoD Nigeria) says that Mr. Olusegun Aganga, the Former Minister of Industry, Trade and Investment will give the Keynote address at its forthcoming 2023 Annual Directors Conference . The conference will hold at the Transcorp Hilton Hotel, Abuja, November 16 -17. The theme for this year’s edition is ‘Driving…

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Tinubu : Dangote Is The Wisest Mind in Nigeria’s Economic Landscape

PHOTO (L-R): Femi Otedola; Bill Gates: President Bola Tinubu, and Aliko Dangote, during the tour of the Dangote Petroleum Refinery and Petrochemicals complex. “I landed here with four wise men. I will say wise men,” Tinubu said. “Jim Ovia of reputable Zenith Bank, who has been acknowledged worldwide. Femi Otedola, my baby brother. Samad Rabiu…

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Emzor Sees Pharmaceuticals Drug Imports Falling by 70%

Emzor Pharmaceuticals Industrial Limited, says that the trend of manufacturing only 30 percent and importing 70 percent of drugs by pharmaceutical companies in the country , will soon end. Funke Asiru, the company’s Director of Strategy, anticipated this development in the industry, following the federal government’s recent executive order which introduced zero tariffs, excise duties and value-added…

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Italy Commits €15 million To Africa’s Coffee Industry

In Africa, coffee accounts for approximately 12% of the global production. Image credit: Expressowork The government of Italy is making €15 million available to the United Nations Industrial Development Organization (UNIDO) for the promotion of sustainable coffee production in Africa.‎‎ Ohibaba.com reports that the funding arrangement was signed recently by Debora Lepre, the Ambassador and…

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South-East Private Sector Leaders Committed to Regional Investment

Leaders and entrepreneurs in the South-East private sector are united in their determination to establish businesses that will drive economic transformation in the region. Among those at the forefront of this initiative are Dr. Cosmas Maduka, President and CEO of Coscharis Group; Mr. Johnson Chukwu, Managing Director and CEO of Cowry Assets Management Ltd; Etemore…

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LCCI Attracts Chinese Paper Manufacturers ‘NIXIN’ to Invest $60m in Nigeria

The Managing Director of NIXIN Paper Mill, Eric Wang, highlighted the potential of Nigeria’s paper industry, comparing it with his hometown in China, with a population of just 300,000, supporting a paper factory that consumes over 20,000 tons monthly. The Lagos Chamber of Commerce and Industry (LCCI) attracted over $60 million investment into the Nigeria’s…

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