The four operators which will each develop 100,000-tonne facilities across Nigeria’s agricultural belt are: Brent Foods in Oyo State, Niger Foods in Niger State, Legacy Sugar in Adamawa State, and UMZA in Bauchi State.
•Chief Uche Nnaji, the Minister of Innovation, Science and Technology The Federal Government is considering the introduction of tax incentives for Nigerian manufacturers who utilise locally sourced materials. Chief Uche Nnaji, the Minister of Innovation, Science and Technology, made this announcement during the 2025 edition of the Nigeria Manufacturing & Equipment and Nigerian Raw Materials…
The latest Global Trade Update shows that plastic production reached 436 million metric tons worldwide in 2023, with the traded value surpassing $1.1 trillion and accounting for 5% of total merchandise trade.
Renewables are expected to overtake coal as the world’s largest source of electricity as early as 2025 or by 2026 at the latest, depending on weather and fuel price trends.
Co-Secretary General of PAMA, Segun Ajayi-Kadir, cautioned that the GDP rebasing exercise should not be treated as an occasion for self-congratulation The 2025 rebasing of Nigeria’s GDP has recalibrated the size and structure of the Nigerian economy, placing it among Africa’s largest once again. But beneath the glossy numbers lies a more sobering truth: manufacturing…
Where should Africa align? Or can Africa strengthen AfCFTA at home while leveraging BRICS+ abroad—without being consumed by either? As global power blocs shift and trade alliances redraw themselves in real time, a strategic dilemma faces Africa: Should Africa deepen alignment with the BRICS+ group or consolidate gains under the African Continental Free Trade Area…
Google has launched Storybook, a new feature within its Gemini app, aimed at providing a creative and interactive learning tool for Nigeria’s 39 million children aged six and under. BusinessDay reports that the AI-powered feature transforms simple prompts, personal photos, and children’s drawings into customised, narrated storybooks, bridging a critical gap in early childhood education…
PHOTO (L-R) : Dr Ayotunde Coker, CEO of Open Access Data Centres; Prof Nnaleyugo Martin Ike-Muonso, Director-General of the Raw Materials Research and Development Council, RMRDC.; Chief Uche Geoffrey Nnaji, Minister of Innovation, Science and Technology, Folashade Ambrose- Medebem, Honourable Commissioner for Commerce, Cooperatives, Trade and Investment; Otunba Francis Meshioye, the President of the Manufacturers Association…
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.
• FCT, Abuja The National Bureau of Statistics (NBS) says that Abuja has overtaken Lagos as Nigeria’s top destination for foreign direct investments (FDI), referencing the inflow in Q1 2025 . In the report, Abuja, the Federal Capital Territory (FCT), attracted $3.04 billion in capital importation during the first quarter of 2025, surpassing Lagos, which…
