Dangote Seeks Regulatory Protections for Oil Refinery
It appears that the objective of the IOCs is to ensure that Nigeria remains a country which exports Crude Oil and imports refined Petroleum Products.
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Aliko Dangote: My mother instilled in me the ethos of giving back
” My mother instilled in me the ethos of giving back, which inspired my philanthropy 30 years ago.” “That’s Aliko Dangote, the Chairman of the Aliko Dangote Foundation and President/Chief Executive of Dangote Industries Limited. Dangote was reacting to the 2025 TIME100 Philanthropy list, which recognised him among the 100 most influential leaders shaping the…
Nigerian Lawmakers Considering Citizenship for Foreign Investors
∆ President Bola Tinubu The House of Representatives has passed a bill to give foreign investors in Nigerian Citizenship for second reading. The proposed legislation titled , “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to include Citizenship by Investment as one of the classes of Citizenship…
CBN Bans Foreign Collaterals for Naira Loans
▪︎CBN Governor, Olayemi Cardoso The Central Bank of Nigeria, CBN, on Monday, banned the use of foreign denominated collaterals for naira loans. This was contained in a circular dated April 8, 2024 and directed to all banks by the CBN’s Acting Director of Banking Supervision Department. In the circular titled, “The Use of Foreign-Currency Denominated…
Meet Manish Mundra: The MD of Indorama Eleme Petrochemicals Limited
Mr. Manish Mundra is the Managing Director of Indorama Eleme Petrochemicals Limited (IEPL). Under his watch, the company has become a major player in Nigeria’s economy. It provides raw materials for over 300 plastics manufacturers, generating employment for a teeming population and improving the lives of host communities The firm provides world-class products at competitive…
Green Manufacturing Taking Shape in Nigeria With Natural Gas, Solar Energy
By Franklin Ocheneyi GREEN manufacturing is gradually taking shapes in Nigeria as newly built industries are being powered by natural gas and through solar energy. Checks by Industrialtimesngr, shows that some ongoing industrial parks in Lagos, Ogun, Oyo , Aba and Rivers are running on renewable energies rather than the conventional fossil fuels like petroleum…
ECOWAS set to unveil single currency ECO
▪︎ECOWAS Office, Abuja . Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States, have advanced plans to launch the single currency initiative, known as the ECO. The ECO is envisioned to propel economic growth and development throughout the West African sub-region, received Nigeria’s endorsement. The single currency is part…
New Electricity Tariff Threathens 5 million Industries -OPSN
Officers of the Manufacturers Association of Nigeria during a tour of industries in Edo/Delta Branch .
Global trade set to hit record $33 trillion by year-end
The latest Global Trade Update published by UN Trade and Development (UNCTAD) reports that Global trade is set to reach a record $33 trillion by the end of 2024. The reports indicate that the $1 trillion increase reflecting 3.3% annual growth, highlights resilience in global trade despite persistent challenges. Said the reports: “Robust growth in services trade,…
