FG reviewing manufacturing sector’s tariffs for industrial growth
“Our objective is to create a tariff regime that supports local manufacturers, strengthens value chains and promotes sustainable industrial expansion…”
Read More
Ondo community rejects proposed Dangote industrial city
The meeting was attended by representatives of the Ondo State Government, ODSG, and Dangote Industries Limited on the proposed investment in Olókòlá Free Trade Zone, (OKFTZ) and the Dangote Industrial City within the area.
Alake Rejects N9bn NASS Allocation for Mining Sector
” In our budget proposals for 2025, we estimated over N531 billion for capital expenditure but was allocated a mere N9 billion. This is unacceptable, as it will hinder any significant investment in exploration, which is crucial for generating the geo-data that will attract major players.” Those were the words of the Minister of Solid…
Aganga To Address CIoD’s Largest Gathering of Directors In Abuja
The Chartered Institute of Directors Nigeria (CIoD Nigeria) says that Mr. Olusegun Aganga, the Former Minister of Industry, Trade and Investment will give the Keynote address at its forthcoming 2023 Annual Directors Conference . The conference will hold at the Transcorp Hilton Hotel, Abuja, November 16 -17. The theme for this year’s edition is ‘Driving…
South Africa proposes extending auto incentives to battery materials
The revisions are intended to align the programme with the South African Automotive Master Plan 2035, which aims to raise output to about 1.4 million vehicles a year, deepen localisation and support the transition to electric mobility.
Honda and Nissan Scrap Merger Talks
Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped the merger talks that would have created the world’s third-largest automaker by unit sales. AFP reports that the bid to join forces had been seen as a bid to catch up with US titan Tesla and Chinese firms in the electric vehicle market,…
British International Investment Commits $50m To Access Bank
British Deputy High Commissioner, Jonny Baxter, said, “When smaller businesses and women entrepreneurs are economically empowered, their whole community benefits.
Could Investing $5,000 in Coca-Cola Make You a Millionaire?
Yahoo Finance writes: Coca-Cola is known worldwide. It sells numerous ready-to-drink products and has a presence in 200 countries and territories. With a whopping 1.9 billion servings consumed daily, Coca-Cola might have the broadest reach of any company in the world. The company has generated a total return, which includes dividends, of 25,770% in the past 50…
Key Lessons from Nigeria’s Economic History at 65
Nigeria has faced eight recessions since independence, primarily due to oil shocks and fiscal mismanagement.
Trade Barriers Stunt Nigeria-Morocco Bilateral Trade 1.88%
The Speaker of the House of Representatives, Abbas Tajudeen, has expressed a commitment to collaborate with the Federal Ministry of Industry, Trade and Investment, the Federal Ministry of Foreign Affairs, and various relevant institutions and corporate entities to address and eliminate trade barriers between Nigeria and Morocco. During a recent stakeholders’ meeting focused on Nigeria-Morocco…