In Picture: Lagos State Governor, Babajide Sanwo-Olu, with Minister of Information and National Orientation, Mohammed Idris … after the meeting. Today, President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years. Lagos State Governor, Babajide Sanwo-Olu, disclosed this, minutes ago, via his…
The United Nations Industrial Development Organisation (UNIDO) says that globally, there was a 2.3% growth in industrial sectors, encompassing manufacturing, mining, electricity, water supply, waste management, and other utilities, signalling a post-pandemic recovery. UNIDO, in its 29th edition of the International Yearbook of Industrial Statistics, said that manufacturing accounted for most of this dynamism, with…
▪︎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…
The Minister of Solid Minerals, Mr. Dele Alake, has unfolded President Bola Tinubu’s seven-point agendas for the solid minerals sector. Alake, during an interactive session with Political Correspondents, today , in Abuja, said that he has the mandate of President Tinubu to ensure that the Solid Minerals sector accounts for at least 50 percent of…
Natural gas is one of the most important fuels in today’s world.To an extent, it offers the high energy benefits of petroleum fuels and also is more environmentally friendly due to lower emissions. Additionally, recent developments in the global energy market, particularly in Europe, have also thrown the liquefied natural gas (LNG) market into the…
Leaders and entrepreneurs in the South-East private sector are united in their determination to establish businesses that will drive economic transformation in the region. Among those at the forefront of this initiative are Dr. Cosmas Maduka, President and CEO of Coscharis Group; Mr. Johnson Chukwu, Managing Director and CEO of Cowry Assets Management Ltd; Etemore…
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…
▪︎Yemi Cardoso, current Governor of CBN (BusinessDay) Here is a list of the Central Bank of Nigeria (CBN) Governors from 1958 till date, along with brief biographies: 1. Roy Pentelow Fenton (1958-1963): Roy Fenton was the first Governor of the Central Bank of Nigeria.He played a significant role in establishing the central bank during Nigeria’s…
Dr. Yemi Kale, Afreximbank’s Group Chief Economist & MD, Research, emphasised that if Africa merely doubles its R&D spending to 1% of GDP by 2030, we could unlock an estimated $60–70 billion annually in additional value across agriculture, digital technology, and manufacturing.
…the receivable from Unilever Ghana Limited was N202, 528 million for the period ended. Incomes received by Unilever Plc from its subsidiaries as reported in the Unilever Nigeria Plc unaudited interim report for the twelve months ended 31st December 2023, shows that its operation in Ghana is not robust. Analysis of the group’s revenue reveals…
