•President Bola Tinubu, and Bill Gates (BusinessDay) : The Federal Government of Nigeria has signed an agreement with the Bill Gates Foundation to establish an artificial intelligence (AI) Scaling Hub. The foundation will donate about $7.5 million in funding, and provide expertise, according to Bosun Tijani, minister of communications, innovation and digital economy, on his…
A worrisome case in point is the ongoing forex forward-related dispute involving KAM Industries Nigeria Limited, a leading manufacturer in the steel sector in West Africa a member of the Association, and one of the commercial banks in Nigeria.
The Food, Beverage, and Tobacco sub-sector, accounted for 34 percent of the entire manufacturing sector in Nigeria and contributed approximately five percent to the GDP in 2022. Mr. Ekuma Eze, the Head of Corporate Affairs & Sustainability at Rite Foods Limited, disclosed this during the 2024 annual general meeting of the Food, Beverage, and Tobacco…
• CGC Adeniji The Nigerian Customs Service (NCS) has announced that it will be replacing the proposed 4 percent import levy with the existing 1 percent Comprehensive Import Supervision Scheme (CISS) levy. The Comptroller General of Customs (CGC), Adewale Adeniyi, made the revelation at an engagement held in Lagos to sensitize stakeholders in the B’Odogwu…
President of Dangote Group, Aliko Dangote, says that the government stands to gain substantially when the private sector flourishes, noting that 52 kobo (52%) of every naira Dangote Cement generates goes to the government. Dangote made the comment during a visit by the Nigerian Economic Summit Group (NESG), team to both Dangote Fertiliser Limited and…
▪︎Dr Jumoke Oduwole, Minister of Industry, Trade and Investment Chief of Taiwan Mission at the Taipei Trade Office in Nigeria, Andy Yih-Ping Liu, says that the trade volume with Nigeria has enormous potential for growth as many Taiwanese investors are waiting for the renewal of the bilateral agreement, which would provide a legal framework for…
PREPARATIONS are in top gear for the 2025 edition of the Nigeria Manufacturing Equipment / Nigeria Raw Materials Exhibition (NME/NIRAM). Organised by the Manufacturers Association of Nigeria (MAN) and the Raw Materials Research and Development Council (RMRDC) , this year’s segment will hold in Lagos at the Balmoral Hall of the Federal Palace Hotel, August 5-7. Segun…
The management of Metal Manufacturing Nigeria Limited (MMNL) says that a credit facility it secured from the Nigerian Export-Import Bank (NEXIM) has increased the company’s production capacity to 25,000 batteries monthly. The Managing Director of the company, Mr Kumar Saraf, and the Chief Finance Officer, Mr Bikash Kumar, disclosed this on Wednesday when they paid…
So, empowerment is not about giving them money , food supply and clothes, but to help them to start a viable business for self-sufficiency.
