FG’s N75bn For 75 Manufacturers, is Ready For Disbursements- Minister

▪︎Dr. Doris Uzoka-Anite The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, has confirmed that the monies earmarked by President Bola Tinubu to energises the  MSMEs and the manufacturing sectors of the economy , are now ready for disbursement. President Tinubu, in a nationwide broadcast on July 31, had promised to strengthen the manufacturing sector by…

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Stakeholders Clamouring For Restoration of MAN – RMRDC Quarterly Investments Forum

The Manufacturers Association of Nigeria and the Raw Materials Research and Development Council are being urged to reintroduce their quarterly programmes – Sectorial Investments forum, and Technology Economic Surveys. ” In the past, the stakeholders inputs and findings from these programmes were used to drawing the attention of both the existing and prospective investors to…

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Private Sector Lashes Out At MDAs Over Unfriendly Business Environment

Private Sector leaders in Nigeria, the like of Manufacturers Association of Nigeria (MAN), and the Nigeria Employers’ Consultative Association (NECA) said that the government’s ministries, departments and agencies (MDAs) are to be blamed for the unfriendly business environment in the country. The Director-General of both the MAN and NECA, stated this during the third edition…

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AfCFTA: 30 Countries To Begin Trading Next Year

The Senior Advisor to the Secretary-General of the African Continental Free Trade Area (AfCFTA), Peter Joy Serwornoo, said that thirty countries in Africa will begin trading under the single market, next year. In an interview with the Gha­naian Times, Serwornoosaid that currently, seven coun­tries have been trading under the AfCFTA Guided Trade Initiative, adding,  “A lot…

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Oppenheimer Sets To Transform Nigerian GZ Industries, Following Acquisition

South Africa – based  Oppenheimer Partners Limited has bought a  37.5 percent shares in GZ Industries Ltd; – a leading can manufacturing company with factories in Nigeria and South Africa. The acquisition, it was learned, will enable Oppenheimer to transform and drive GZI’s expansion in sub-Saharan Africa. Currently, GZI boasts an annual production of 3…

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Manufacturers Unhappy of 43 Items Accessing Forex ▪︎It’s Trade Policy Outside CBN’s Mandates – Cardoso

▪︎Olayemi Cardoso, Governor of CBN at the CIBN event. By Franklin Ocheneyi Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN) has acknowledged that the foreign exchange restriction on 43 items it recently lifted is a trade policy which falls outside the apex bank’s mandates. “It is important to note that trade policy…

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