The Centre for the Promotion of Private Enterprise (CPPE) has critiqued the Raw Materials Research and Development Council [RMRDC] Bill in the National Assembly, calling for its withdrawal. The RMRDC Bill proposed by Senator Peter Onyekachi Nwaebonyi, which aims to ensure local processing of at least 30 percent of Nigeria’s raw materials before exportation, has…
However, the chairperson of NLC in Lagos State, Comrade Funmi Sessi, insisted that the presence of the young men constituted a security threat in the state, adding that bringing them also violated labour laws.
The WTO says that it’s member countries introduced more trade-facilitating measures than trade-restricting measures on goods, between mid-October 2023 and mid-May 2024. It’s Director-General, Dr Ngozi Okonjo-Iweala, said : ” It’s an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty.” WTO, in its latest Trade Monitoring Update issued on…
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), is calling on the Central Bank of Nigeria (CBN) to act quickly to pay the outstanding balance of the 2022 to 2023 foreign exchange forwards to the affected companies. Conversely, CBN Governor, Olayemi Cardoso, maintained that the bank would not pay for FX…
• Morocco automotive industry/ Morocco world news “In 2023, Moroccan factories produced approximately 470,000 vehicles destined for Europe — surpassing China’s export volume to the continent, according to a Team France Export report. Europe represents Morocco’s primary market, with 80% of new vehicle exports crossing the Mediterranean.” Ouarzazate — French newspaper “Le Dauphiné libéré” has…
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…
By Lucy Ekpeyoung Hysoung Sub Ji, Managing Director, LG Electronics Nigeria, says that LG ARTCOOL and DUACOOL are life changer because they are beyond just ACs as they are packed with health benefits such as the Plasmaster Ionizer+ that removes 99% of adhering bacteria and deodorizes and 40% fast cooling. Sub Ji, states this during…
Tue Beijer, co-founder and CTO and Jonas Nyvang, co-founder and CEO of Stilfold AB, share insights into how the Japanese art of origami was the inspiration behind the Swedish company Stilfold’s innovative carbon emission-busting steel-folding techniques. In a post on the World Steel Association website, the duo, said that the people who first began folding…
With Nigeria’s power supply remaining inconsistent and expensive, manufacturers face significant challenges in maintaining production costs and scaling their operations.
Liberia’s first rubber processing plant is scheduled to commence operations within the next two months. The Rubber Factory (Jeety Rubber Factory), being built by Upjit Singh Sachdeva, a visionary business tycoon, is located in Weala, Cinta District, Margibi County — a region known for its abundant rubber plantations. The factory when completed, will process raw…
