Bauxite And Alumina Industry in Guinea Gets Attention for Manpower Development
This partnership is a core driver of Alteo’s alumina refinery (ARG) project to build an alumina Refinery in Boke region.
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Dangote Cement’s Cote D’Ivoire, Itori Surging African Outputs to 61MTA
• Dangote Cement 2024 AGM photo Dangote Cement Plc is adding 9 million metric tons (MTA) annual capacity to bring its combined outputs in Nigeria and in other African countries to 61 MTA. The company’s Chairman, Aliko Dangote, disclosed this during the 2024 annual general meeting held in Lagos. Dangote told the shareholders and the directors…
RIMA Sifts fake firms from getting Rivers-BoI N4bn Loans
The Rivers State Microfinance Agency, RIMA, an agency of the government in Port Harcourt, says that over 70 percent of businesses operating in the state are fake and are not eligible to receive loan facilities from the government’s and the Bank of Industry’s N4 billion counterparts funding. The Managing Director/Chief Executive Officer of RIMA, Pastor…
MTN’s 5G reaches 15 million subscribers
MTN Nigeria said that this investment was strategically directed at capacity enhancement to reduce congestion and to deliver ultra-fast broadband to households through FTTH.
Key Lessons from Nigeria’s Economic History at 65
Nigeria has faced eight recessions since independence, primarily due to oil shocks and fiscal mismanagement.
Chinese Manufacturers Urge To Move Factories To Nigeria For Win-Win Benefits
Nigeria is requesting manufacturers in China to consider moving their factories to produce in the country in order to quicken its industrisation efforts. The former Minister of Industry, Trade and Investment, Mrs. Nike Akande, bore the minds of the government during the China-Africa (Nigeria) Production Capacity Cooperation symposium held at the Lagos International Trade Fair…
Bakrin Urges Farmers Association to Invest in Nigeria’s $2bn Sugar Industry
The country’s sugar consumption figures, foreign exchange realities and rising global supply chain uncertainties have made investments in local production more profitable than ever before.
“Under the Renewed Hope Agenda of President Bola Ahmed Tinubu, our target is to produce 10 million metric tonnes of steel annually to significantly reduce the country’s reliance on imported steel. Once our plans are fully implemented in the next five years, we will achieve all our objectives.”–Prince Shuaibu Abubakar Audu, Minister of Steel Development.
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RMAFC Applauds FIRS for Steady Tax Revenue to FAAC
• Bimbo Kolade with Zach Adedeji. In 2024, FIRS tax revenue accounted for about 65 per cent of the total money shared by the three tiers of government, thus making tax as the pivotal source of revenue instead of crude oil sales by the Nigerian National Petroleum Corporation (NNPCL). The Revenue Mobilisation Allocation and Fiscal…
Champion Breweries to launch canning line this year, says Chairman
The company’s Chairman Imo-Abasi Jacob, disclosed this noting that the company has recorded significant growth over the last three years following the emergence of a new core investor.