Nigeria and UAE traded non-oil export worth US$5bn in 2025 — Envoy
The First Abu Dhabi Bank, FAB, would soon commence operations in Lagos, a development expected to further strengthen business and investment ties between both countries.
Read More
Dangote Launches Vision 2030 for cement, refinery and fertiliser
Under the vision, the group is targeting a cement production capacity of approximately 90 million tonnes by 2030; expand its petroleum refinery from 650,000 barrels per day to 1.4 million barrels per day , and expanding its fertiliser plant from three million to 12 million metric tonnes per annum, while the polypropylene plant is being scaled up from 900,000 tonnes to 2.4 million tonnes per annum.
Plastics Ban Doesn’t Support Jobs, Investment Attractions – MAN DG
“The ban on plastics does not support job creation, investment attraction, or economic welfare.” The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, stated the above facts, after he visited several factories engaged in different stages of plastic production and the recycling value chain in Lagos and Kano. “We always aim to influence…
RMRDC: Insecurity seriously Affecting Establishment of Factories For Raw Materials Processing
▪︎ Dr. Abubakar Aliyu, a former Permanent Secretary of the Ministry of Innovation, Science and Technology. By: Franklin Ocheneyi THE insecurity situations across the country is seriously frustrating the Raw Materials Research and Development Council (RMRDC)’s efforts to establishing factories for processing raw materials at the appropriate locations. Dr. Abubakar Aliyu, a former Permanent Secretary…
SWAN implores SON, NAFDAC, Customs and FCCPC for stronger regulation of wines sector
Counterfeiters are increasingly replicating trusted brands, producing and distributing illicit products outside regulated systems, while smuggling and parallel imports continue to bypass safety checks and taxes.
We didn’t Shutdown Tummy Tummy Noodles Factory – NAFDAC
“The Tummy Tummy noodles facility in Anambra State was not sealed by the National Agency for Food and Drug Administration and Control (NAFDAC).” The Director-General of NAFDAC, Prof. Mojisola Adeyeye, made the confirmation on Wednesday in response to an audio recording circulating on social media, falsely claiming that the agency shut down the Tummy Tummy…
NIPC To Investigate Impacts of Tax Holidays on Economy *34 Industries Benefit in 2023
▪︎Executive Secretary of NIPC, Mrs. Aisha Rimi. The Nigerian Investment Promotion Commission (NIPC) says it will investigate and publish the impacts assessment of the federal government’s tax holidays to industries. Tax holiday is an incentive granted by the government to qualifying industries exempting them from the payment of corporate income tax for an initial period…
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…
ICPC detects Pay roll frauds across 50 MDAs
A single individual allegedly placed the names of his wife, son and mother-in-law on the payroll while also collecting the salaries of 12 workers, a level of abuse that went undetected until the commission’s verification exercise.
Strait of Hormuz disruptions: Implications for global trade and development
•©Shutterstock/AU USAnakul The Strait of Hormuz is one of the world’s most critical maritime chokepoints, carrying around a quarter of global seaborne oil trade and significant volumes of liquefied natural gas and fertilizers. UNCTAD reports that the ongoing military escalation in the region has disrupted shipping flows through this narrow passage. The resulting ripple effects…