FG Begins Merger of NIPC and NEPC… To Cut Governance Costs

” The 800-page document recommended the scrapping and merging of 220 out of the then-existing 541 government agencies.” Nigerian Investment Promotion Commission to be merged with Nigerian Export Promotion Council…,” said Hajiya Hadiza Bala-Usman, Special Adviser to the President on Policy Coordination. Bala-Usman made this known, today, after the end of the second Federal Executive…

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Dangote Oil Refinery Sets For Production With 950,000-Barrel Agbami Crude

Dangote Petroleum Refinery is set to jumpstart operations following the supply of the first batch of crude oil to the plants by the Nigerian National Petroleum Company (NNPC) Limited. Last night, the OTIS (crude oil) tanker carried a 950,000-barrel cargo of Nigeria’s Agbami crude, delivered the crude to the nearest land port to Dangote’s offshore…

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After Nigeria, Dangote Enters Ghana with 12,000 tons/day Sugar Refinery

Africa ‘s richest industrialist- Aliko Dangote, is constructing another sugar refinery in Ghana. In a statement, the Dangote Group said that the investment will reduce Ghana’s $162 million annual sugar import bill and boost local industrial growth. The expansion is also part of Dangote’s broader goal to expand integrated agriculture across Africa. The factory is…

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Brewery industry’s choking over high cost of raw materials

The brewery industry is now facing severe cost pressure as prices of local raw materials rise astronomically undermining their backward integration strategy. Industry stakeholders said the cost pressures coming from sorghum, wheat and others would remain elevated, driven by the impact of rising inflation, insecurity across agricultural belts in the country as well as other…

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