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…
The National Agency for Science and Engineering Infrastructure (NASENI) has unveiled its different brands of made-in-Nigeria products in Katsina State as part of efforts to strengthen Nigeria’s industrial sector and reduce reliance on imports. The products, which include a Hilux vehicle, laptops, phones, batteries, smart TV, microwaves, water dispensers, hydraulic equipment, were unveiled at the…
Photo : (L-r) Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem; Governor of Zamfara State, Dauda Lawal; Federal Minister of Industry, Trade and Investment of Nigeria, Dr. Jumoke Oduwole; National President, Nigerian-American Chamber of Commerce (NACC), Sheriff Balogun and the President/CEO, African Finance Corporation, Samaila Zubairu. The new leadership of the Nigerian-American…
• Segun Ajayi-Kadir, MAN DG, during a factory visit to a company in Kano ,recently. The Manufacturers Association of Nigeria (MAN) has called on the Federal Government not to bow to potential pressure to reciprocate by reducing its own tariffs on U.S. goods entering the Nigerian market. MAN, in its position document on the new…
Nigerians are in shock, disbelief, and tears after another Ponzi scheme named CBEX crashed early this week. Weeks ago, many who invested in the scheme advertised their newly-found pathway to ‘financial freedom’ on social media with screenshots of account balances from $1,000, $10,000, and $85,000. As of Tuesday morning, their accounts have been blanked, with…
Cover image: CBN Governor, Olayeni Cardoso The Central Bank of Nigeria (CBN) has called on local manufacturers and exporters to explore financing opportunities available through various government agencies as part of broader efforts to ease pressure on the naira and strengthen the country’s export base. Dr Aisha Olatiwon, the Director of Consumer Protection and Financial…
Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. Nairametrics reports that this move comes ahead of the 16th Council of Ministers Meeting on Trade scheduled for April 15 in Kinshasa, Democratic Republic of Congo, and…
The African Export-Import Bank (Afreximbank) says its goal to make Nigeria permanent regional office, has been achieved with its just commissioned $120 million Afreximbank African Trade Centre (AATC) in Abuja. The President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said , noting that the project, which began in November 2021…
AnnCon25 served as a vital hub for learning, networking, and driving excellence in the global accreditation community. The Director- General, Standards Organization of Nigeria (SON) Dr. Ifeanyi Chukwunonso Okeke recently participated in AnnCon25: American Association for Laboratory Accreditation’s (A2LA) Annual Conference. The programme took place from the 6th – 9th April,2025, at the Hilton Anatole…
Coffee, cotton, and cacao used to be significant cash crops that earned Nigeria millions of dollars in revenue in the 1960s and 1970s, but have failed, in the last decades, to attract the quality of investment it needs. The National Coffee and Tea Association of Nigeria (NACOFTAN) is embarking on the cultivation of 28,000 hectares…
