How to enhance seamless trading between the United Kingdom and Nigeria was the focus of a Train the Trainers workshop for stakeholders in Nigeria. The workshop was put together by the National Quality Council (NQC) in collaboration with the British Standards Institute (BSI). Public sector participants in the workshop were drawn from the National Quality…
The GCCA is the cement and concrete industry’s main membership body, representing 80% of cement production outside of China,
President Bola Tinubu has appointed Infrastructure Corporation of Nigeria (InfraCorp) as the lead arranger and developer of Evergreen City, Nigeria’s green industrial zone. The Nation reported that Ajuri Ngelale, the special adviser to the president on media and publicity, said InfraCorp will be responsible for the selection of partners and consultants to undertake critical development…
“It’s very serious. He may survive, but he can’t get back to work again,” said the source, disclosing that the minister suffered severe paralysis as a result of the stroke.
▪︎Export N20.48trn ▪︎ Import N14.67trn The National Bureau of Statistics (NBS) said Nigeria recorded N5.81 trillion trade surplus in the third quarter of 2024 (Q3’24).This represents a 298 per cent year-on-year (YoY) increase in trade surplus from N1.3 trillion recorded in Q3’23. NBS disclosed this today in its foreign trade in goods statistics for Q3…
• CBN monetary policy committee members The Manufacturers Association of Nigeria (MAN) reacted today to Central Bank of Nigeria (CBN) July interest rate cut. The Association is complaining that the persistent increase in the rate over the years has impacted the sector negatively, especially the disruptions on manufacturing production and investment plans. Segun Ajayi-Kadir, MAN…
The Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, has acknowledged that it’s important that businesses in Nigeria thrive as they’re seen as the best advertisements for foreign direct investment. She spoke at NACCIMA House in Lagos during an engagement with the leadership of the association. The Minister said the NACCIMA leadership had expressed…
” With the working-age population projected to reach 168 million by 2030, the country faces a defining challenge: to create 27 million new formal jobs or risk unemployment and underemployment rates doubling to 30 per cent”
Dubai is set to host the Gulf’s first large-scale brewery as a joint venture involving Heineken NV prepares to produce popular beer brands in the emirate. Bloomberg reports that this marks a significant shift in a region traditionally known for its strict regulations on alcohol sales and consumption. Sirocco, a partnership between Heineken NV and…
Dangote Petroleum Refinery on Saturday reacted sharply to the trending decline in international crude oil prices. The refinery announced an adjustment to its ex-depot price of petrol, from N950 to N890, effective from Saturday, February 1. A statement from Dangote Petroleum Refinery, issued by the Group’s Chief Branding and Communications Officer, Anthony Chiejina, said that…
