Nigeria is among the countries subject to the 12.5 percent tariff, while India, Indonesia, Malaysia, Mexico and the United Kingdom will face a lower 10 percent rate after adopting or committing to implement bans on imports linked to forced labour.
In a citation presented during the award, TIME Africa highlights new industrial facilities and logistics hubs launched across Ikorodu, Badagry, Lekki and Epe.
It is practically impossible to build a 21st-century industrial economy when forcing factories to fund their capital footprint through 19th-century primitive capital constraints.
By Dare Adekanmbi LONG before Nigeria claimed its independence in 1960, agriculture was the heartbeat of its economy. The stories of the First Republic highlight how various regions flourished— from the North’s bustling groundnut pyramids to the fertile cocoa farms in the West, and the East’s thriving rubber and palm oil production. Each region carved…
The Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, has acknowledged that it’s important that businesses in Nigeria thrive as they’re seen as the best advertisements for foreign direct investment. She spoke at NACCIMA House in Lagos during an engagement with the leadership of the association. The Minister said the NACCIMA leadership had expressed…
Access Bank Plc has completed the acquisitions of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone) Limited, respectively. The bank is also working on the completion of transactions that would see Access Bank acquire Standard Chartered Bank’s subsidiaries in Cameroon, The Gambia and its Consumer, Private and Business Banking business in Tanzania….
The Minister of Solid Minerals Development, Dr Dele Alake, disclosed while addressing prospective investors at the Resourcing Tomorrow exhibition and conference in London.
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1,420 Sell ₦1,425 GREAT BRITISH POUND (GBP) Buy ₦1,900 Sell: ₦1,915 EURO (EUR) Buy ₦1,585 Sell ₦1,600 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS) Buy…
Before IFC’s investment, the factory processed about 8,000 metric tons of cocoa each year. It now processes more than double that—16,600 metric tons annually—and newly installed machinery is expected to increase the plant’s processing capacity to 24,000 metric tons once it is fully operational
The Federal Competition and Consumer Protection Commission (FCCPC) has subjected Coca-Cola Nigeria Limited (Coca-Cola) and the Nigerian Bottling Company Limited (NBC) regulatory supervision for a period of 24 months. FCCPC, in a statement on Thursday, said the companies have been carrying out unfair tactics, thereby “misleading consumers”. The companies are yet to responded to the allegations…
