NADDC DG Projects $5trn Funding for Automotive industry’s Growth
It’s for the players, e.g., Innoson, PAN in Kaduna, and JAC. For example, for INNOSON to move to the next level, it may need some funding in millions of dollars.
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UNCTAD Warns Strait of Hormuz Depreciating Country Currencies
UN Trade and Development UNCTAD says that Strait of Hormuz disruptions has started weakening developing country currencies. UNCTAD, in its monitoring of changes in exchange rates against the dollar since the start of the military escalation (28 Feb 2026) till March 26, also said that the closure of the shipping line have started weakening global…
UN Trade Holds Competition and Consumer Protection Conference in July
“In a statement on Friday, UNCTAD said that the conference series, held every five years, is the world’s highest-level multilateral meeting on competition and consumer protection.” The 9th edition of the United Nations Conference on Competition and Consumer Protection is set for 7-11 July in Geneva, convening national governments, antitrust and consumer authorities, legal experts,…
UNICAL: Minister of State Petroleum Resources (Gas) successfully defends PhD dissertation
The Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has successfully concluded the defense of dissertation pursuant to obtaining PhD in Environmental Pollution and Toxicology from the University of Calabar. The exercise which had external and internal examiners in attendance was held in the Department of Zoology and Environmental Biology, Faculty of Biological…
NUPENG and Dangote Dispute over Union Memberships
The situation escalated when MRS Oil, owned by Dangote’s cousin Sayyu Dantata, began recruiting drivers for the CNG trucks and required them to sign agreements prohibiting union membership.
Hardships: Abuja Citizens Loot FCT Agric Warehouse, Not NEMA’s
The National Emergency Management Agency, (NEMA) has dismissed the news making the rounds that its warehouse was looted by some FCT residents in Gwagwa-Karimo. NEMA’s spokesperson, Manzo Ezekiel, in a statement, confirmed this development and said, “The looted warehouse belongs to FCT Agric.” Earlier, some media reported that the looted warehouse belonged to NEMA. Reports said the…
Why manufacturing sector is in crisis — NECA
The Newly elected President of Nigeria Employers Consultative Association (NECA), Ifeanyi Okoye,has given insight into challenges facing the manufacturing sector leading to the closure of some companies and exit of some multinational companies from Nigeria.The Vanguard Newspaper reported that Okoye said: “There are a lot of issues that are bothering manufacturers in this country.He said: “One…
Nigeria’s Entertainment Industry Is Now Worth $10.8bn
Nigeria’s entertainment industry is now worth $10.8 billion in revenue. The US International Trade Administration gave the estimate, emphasising that the industry is largely driven by Nollywood films and Afrobeats music. Nollywood alone produces more than 2,500 films per year.This makes it the world’s second-largest film industry by volume. Afrobeats has also contributed over $8…
Emzor Sees Pharmaceuticals Drug Imports Falling by 70%
Emzor Pharmaceuticals Industrial Limited, says that the trend of manufacturing only 30 percent and importing 70 percent of drugs by pharmaceutical companies in the country , will soon end. Funke Asiru, the company’s Director of Strategy, anticipated this development in the industry, following the federal government’s recent executive order which introduced zero tariffs, excise duties and value-added…
Dr Nandom Abu Heads MDI Keffi
A former Director of the Raw Materials Research and Development Council (RMRDC), Dr Nandom Abu has been appointed as the Director of the Materials Development Institute (MDI) Keffi, Nassarawa State. The Materials Development Institute (MDI) is a collaborative initiative of the Raw Materials Research and Development Council (RMRDC) Abuja and Nasarawa State University Keffi (NSUK)….