(Business Day) The shutdown of textile companies across Nigeria has weakened Nigeria’s cotton production, pushing the crop into near-oblivion. Cotton is a critical plant-based raw material for textiles, with others being jute, hemp and sisal. Nigeria produces about 51,000 metric tons of cotton from over 300,000 tons in 1980s. The low cotton production is attributed…
Dangote plans to list about 10 percent of the refinery on the Nigerian Exchange Group in 2026, a move widely seen as part of efforts to unlock value and broaden the company’s investor base. To drive the offering, Dangote has appointed a consortium of financial advisers, including Stanbic IBTC Capital Limited, Vetiva Advisory Services Limited,…
The Central Bank of Nigeria should function primarily as a catalyst, refinancer and risk-sharing institution, while Development Finance Institutions and participating financial institutions handle credit appraisal, lending and loan recovery
The Bukar Goni Aji-led 37-man Tripartite Committee on National Minimum Wage was launched by Vice President Kashim Shettima at the State House, Abuja on Tuesday, 30th January 2024. The committee’s mission is to recommend a new national minimum wage for Nigerian workers. The committee’s composition includes representatives from the federal government, states government, private sector,…
The Breakfast Meeting is scheduled to be held on July 24, 2024, at the Rockview Hotel, Apapa Lagos.
From 1 July, single-entry visa fees will be raised from the current 3,000 yen ($18.69; £14) to 15,000 yen, while multi-entry visas will now cost 30,000 yen, up from 6,000 yen.
” The Plastics for Cash program allows residents to exchange sorted plastic waste for monetary value or goods, creating income opportunities for youth, women, and informal waste collectors.“ The Manufacturers Association of Nigeria (MAN) has praised the Ogun State Government for its “Plastics for Cash” and “Blue Box” initiatives aimed at managing plastic waste, particularly…
•Emmanuel Ikazoboh Becomes Chairman Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025.In a statement signed by Anthony Chiejina Group Chief, Branding & Communications Officer, said that Dangote’s relinquishing his position as chairman and retiring…
▪︎The Executive Secretary/CEO NSDC, Mr Kamar Bakrin. Photo Credit: Facebook The National Sugar Development Council (NSDC) has given the local sugar refiners in the country a fresh 2000 metric tonnes of annual sugar production target. The big three sugar refiners are Dangote Sugar Refinery (DSR), BUA Sugar Refinery, and the Golden Penny Sugar Refinery, a…
The ‘Nigeria First’ policy isn’t completely novel; it’s a reinterpretation. It represents the President urging the country to prioritize Nigeria.
