Nigeria To Amend Sugar Industry Act to Attract Investments

▪︎ NSDC CEO, Kamar Barkin, and Committee Committee Chairman, Hon Dolapo Enitan Badru The House of Representatives Committee on Industry has agreed to amend the National Sugar Development Council (NSDC) Act which is hindering investment in the sugar industry. The Executive Secretary/CEO of NSDC Mr Kamar Bakrin, said that the ammendments will accelerated sugar project…

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NACCIMA Opens MUSIAD Office in Nigeria to Promote Trade and Investment

▪︎Mamut Asmali, General President The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, (NACCIMA) has opened MUSIAD Office in Nigeria.  MUSIAD (Müstakil Sanayici ve İşadamları Derne) is an Independent Industrialists and Businessmen’s Association with 56 representatives in Turkey and 32 representatives abroad. The Nigerian office brings its global presence to 33. NACCIMA’s Director- General,…

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MAN Tasks Financial Reporting Council on Annual Fees for Private Companies 

The Manufacturers Association of Nigeria (MAN) has called on the Financial Reporting Council of Nigeria (FRCN) to reconsider the implementation of annual turnover fees for private companies. Segun Ajayi-Kadir, the Director-General of MAN, highlighted the potential negative impact these fees could have on manufacturing firms, particularly those that are classified as non-listed entities, and urged…

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Soaring Cost of Petrol: Is Govt’s Push for CNG- Driven Vehicles Behind It?

▪︎Image of a CNG car / GoCNG Could the government’s push for the adoption of vehicles driven by Compressed Natural Gas(CNG) be the driving force behind the frequent hikes in the pump prices of petrol in Nigeria, in recent months? The latest increase announced  (Tuesday, October 29) by the Nigerian National Petroleum Company Limited (NNPCL) raised…

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87 pharmaceutical manufacturers benefitting from Govt ‘s incentives

” 87 local manufacturers are currently benefiting from the federal government’s Pharmaceuticals industry incentives, while additional projects, including the production of active pharmaceutical ingredients and diagnostic manufacturing, are underway.” This was disclosed by the Minister of State for Health, Dr. Adekunle Salako, during the commissioning of an ultra-modern manufacturing facility by SAM Pharmaceuticals Limited at…

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Oppenheimer Sets To Transform Nigerian GZ Industries, Following Acquisition

South Africa – based  Oppenheimer Partners Limited has bought a  37.5 percent shares in GZ Industries Ltd; – a leading can manufacturing company with factories in Nigeria and South Africa. The acquisition, it was learned, will enable Oppenheimer to transform and drive GZI’s expansion in sub-Saharan Africa. Currently, GZI boasts an annual production of 3…

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