Ghana has scrapped visa requirements to enter the country for citizens of all African nations. The new policy is expected to boost travel, trade, and tourism. Joy Online, a local paper, reported that Ghana previously granted visa-free entry to citizens of 26 African nations and visas on arrival to travelers from 25 others, with only two…
Adedolapo Osuntuyi, the Executive Director of the Dolly Children Foundation, has won the African Humanitarian Award in the “Education Champion” category. The award was in recognition of her unrelenting commitment to empowering poor children in Africa via education. The “Education Champion” category recognizes those who have exhibited a strong dedication to improving educational opportunities for…
▪︎People protest against hardship on the street of Lagos, Nigeria, Thursday, Aug. 1, 2024. Thousands of mostly young people poured onto the streets across Nigeria on Thursday as they protested against the country’s worst cost-of-living crisis in a generation. Security forces fired tear gas to disperse some of the protesters in the capital, Abuja. (AP…
Abdul Salam Rabiu, founder and Chief Executive of BUA Group, said: “This investment comes at a transformative time for Nigeria, bolstered by the bold reforms introduced by President Bola Tinubu administration which have made it easier to establish and operate factories while stimulating demand for infrastructure and construction projects.”
▪︎ The Manufacturers Association of Nigeria (MAN) has applauded the Raw Materials Research and Development Council (RMRDC) for its sponsorship of a bill at the National Assembly to shut Nigeria’s borders against the importation of industrial raw materials that can be locally sourced. ” It is a first of its kind, as it holds enormous…
The Newly elected President of Nigeria Employers Consultative Association (NECA), Ifeanyi Okoye,has given insight into challenges facing the manufacturing sector leading to the closure of some companies and exit of some multinational companies from Nigeria.The Vanguard Newspaper reported that Okoye said: “There are a lot of issues that are bothering manufacturers in this country.He said: “One…
ECOWAS is calling on palm oil-producing member states to remove tariffs and taxes on the commodity. This is to facilitate the trading of the commodity and for the sustainable growth of the palm oil sector within the region. The region’s palm oil producing countries are Ivory Coast, Togo, Benin, Nigeria, Ghana, and Liberia. Amb. Yakubu…
CHIEF Olusegun Osunkeye, ex-Nestle, and GSK Chairman, spoke to a team of Vanguard Newspaper Editors, about GSK exit from Nigeria and the lessons for both domestic and foreign investors. Excerpt: I feel sad they’re leaving ” I feel sad that they are leaving because I have been part and parcel of GSK for many years….
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…
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1,410 Sell ₦1,420 GREAT BRITISH POUND (GBP) Buy ₦1, 890 Sell: ₦1,910 EURO (EUR) Buy ₦1,590 Sell ₦1,610 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS)…
