Nigeria Can Stop $600m Annual Sugar Importation – NACETEM
NACETEM is currently awaiting the Federal Executive Council approval on some of its innovative policies including commercialisation of some research outputs
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RMAFC Applauds FIRS for Steady Tax Revenue to FAAC
• Bimbo Kolade with Zach Adedeji. In 2024, FIRS tax revenue accounted for about 65 per cent of the total money shared by the three tiers of government, thus making tax as the pivotal source of revenue instead of crude oil sales by the Nigerian National Petroleum Corporation (NNPCL). The Revenue Mobilisation Allocation and Fiscal…
Lithium Mining in Nigeria And Matters Arising
By Philip Jakpor On Friday, May 10, 2024, the Nigerian President met with two Chinese companies – Avatar New Energy Materials Company Limited which processes 4, 000 tons of lithium per day in Nasarawa State, and Canmax Technologies, the Chinese company responsible for over 30 percent of the global battery material production, which announced a…
PHCCIMA President Highlights Economic Benefits of Trade Fairs To Industries
▪︎Cover image credit: MAN NIRAM Exhibition photo The President of the Port Harcourt Chambers of Commerce, Industries, Mines and Agriculture (PHCCIMA), Mr. Mike Elechi, has given insights into the economic benefits of participations in international trade fairs by both local and foreign exhibitors. The economic importance of trade fair is very enormous. It is an…
Food Security: FG’s Grain Bags Are Free – Kyari
” The grains in seven locations of strategic reserves, are now being bagged for onward delivery to the National Emergency Management Agency (NEMA). The Minister of Agriculture and Food Security, Senator Abubakar Kyari, said that the Ministry is in the final stages of releasing 42,000 metric tonnes of assorted food commodities to support the vulnerable…
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…
SUVs Account for 20% carbon emissions – IEA Report
▪︎SUV jeep. Image credit: Newsweek.com Sports Utility Vehicles (SUVs) account for 20 per cent of carbon dioxide (CO2) emissions globally. The report, by the International Energy Agency (IEA) Analysts Mathilde Huismans, and Jules Sery, said SUVs weigh 200-300 kg more than an average medium-sized car and typically take up nearly 0.3 m2 more space – emitting…
Scrap And The Steel Industry
By Felipe Maciel, Manager, Environment and Climate Change Steel scrap is a vital part of the whole steel industry and its importance in reducing CO2 emissions, conserving resources, and driving the economics of the industry is only growing, but the difficulties in each of the stages of scrap processing pose challenges to steelmakers. The pressure on…
MAN Mourns ex DG Mr Jide Mike
Mr Jide Mike served the Association from September 2005 to November 2011 as the Director General.
” Why regional vaccine manufacturing is challenging “
Stavros Nicolaou is the Group Senior Executive of Aspen Pharmacare Holdings Limited, Gauteng, South Africa. In an interview with IFC, he explains the importance of being able to create viable markets for vaccine procurement, the need for partnerships for the right regulatory reform, and what0 Aspen is planning for expanding vaccine security on the continent….