Johnmark Ukoko: A Memoir
Johnmark was a workaholic who was passionate about the growth of the association and the industrial sector at large.
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Etuh, Danjuma Buy Notore Chemical for $150m
▪︎Thomas Etuh Thomas Etuh’s Tak Agro and Theophilus Danjuma’s TY Holdings, have acquired Notore Chemical Industries Plc in Onne, Rivers State, for $150 million. “We put $150 million into an escrow account. Being a publicly quoted company, we were made to go through a bid process and won the bid,” Etuh told BusinessDay.“I am excited…
Banks: Fraudsters Fleecing Customers Saving Accounts
There’s a chip they are using to defraud customers, either from inside the bank or it’s planted with the POS machine.
Digital Technology shrinks paper industry in Nigeria
▪︎Cover image: Doris Uzoka-Anite Minister of Industry, Trade and Investment. Photo: X ” The paper industry in Nigeria has largely been in recession due to the growth in digital technology and other macroeconomic headwinds.” The sector contracted to 0.56% in 2023 from the 1.47% in 2022. Dr. Muda Yusuf, the Chief Executive Officer of the…
President Tinubu Declines Meeting With South African Envoy
The development follows renewed xenophobic attacks on Nigerians and other foreign nationals in South Africa, with Abuja continuing to press Pretoria to better protect its citizens and ensure accountability for the violence.
BUA Lauds AFC for providing long-term financing for industrial projects
Drawing from BUA Group’s experience, Rabiu recounted the company’s transition from cement importation to local production in Nigeria over sixteen years ago.
Naira Exchange Rates Wednesday, August 5
Nigerian commercial banks publish their own foreign exchange rates which may differ slightly from the Central Bank of Nigeria (CBN) official rate. These rates — covering the US Dollar (USD), British Pound (GBP), Euro (EUR), and South African Rand (ZAR) — are what you will pay or receive when buying or selling foreign currency through a branch or a Naira debit/credit card used abroad.
Pharmaceutical industry in Nigeria worse off than before – PMG-MAN
The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) is lamenting that the industry is in a worse position now than before the Federal Government’s executive order on pharmaceutical inputs that temporarily suspends VAT payments for two years. Oluwatosin Jolayemi, the Chairman of the PMG-MAN / Managing Director of Daily Need Group, who…
Why Govt Should Stop Chinese Goods To Enable Us Develop Our Own – Shittu
In this New Telegraph’s interview, a former National President of Association of Nigeria Customs License Agents (ANCLA), and the Managing Director of Skelas Nigeria Limited, Mr. Olayiwola Shittu, speaks on the need for Nigeria to domesticate and enforce all maritime conventions and protocols it entered into. Do you support the organised private sector’s (OPS) proposal…
Holcim exits Nigerian Cement Industry
Holcim -the parent company of Lafarge Africa Plc is set to exit Nigeria cement industry ,blaming harsh economy. Reuters reported that Holcim, which owned an 84 per cent stake in Lafarge Africa (WAPCO.LG) said it has now sold its stake to China’s Huaxin Cement for $1 billion. According to Holcim, the deal, projected to be…