A Comparisons of Nigeria’s automotive industry to Morocco, SA, Egypt
We are not getting the needed patronage from the Nigerian market, which explains why our plant is assembling below capacity at the moment.
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Electricity tariff’s Bone of Contentions Between MAN, DisCos and NERC
A company told me that it was paying N7-8 million before, now it is paying N32 million.
Presidential CNG Initiative Set For Rollout
By Bayo Onanuga ▪︎CNG Vehicles production factory. Source: X After the removal of the fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential CNG Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed to deliver compressed natural gas especially for mass…
Lawmakers Moves to Save Kimberly-Clark from Exiting Nigeria
The exit of Kimberly-Clark will lead to massive job losses, affect the Nigerian economy and cause difficulty in getting safe and healthy sanitary products at affordable prices in Nigeria.”
Nigeria:Tobacco Industry Regulator Fines BAT $110m For Market Violations
“We are not attempting to shut down businesses, but they must understand that if you snooze, you lose. You can’t manipulate the market and expect nothing to happen.” That’s Babatunde Irukera, the Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC). He cited a substantial fine of $110 million to be paid…
FIRS: The New Powerhouse Fueling Nigeria’s Fiscal Sustainability
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…
Bakrin Secures N10bn Sugar Projects Acceleration Fund for Greenfield Projects
The Executive Director of Public Sector and Intervention Programmes at BOI, Hadiza Shuaib, disclosed that the bank will serve as the fund manager for SPAF while NSDC will provide sector leadership and technical guidance.
Senate Orders five MDAs to handle lead poisoning crisis in Ogun State’s Ogijo
A major dimension of the scandal, lawmakers said, was that lead processed in Ogijo had already been traced into international supply chains, reaching global battery and automobile manufacturers who either did not address the findings or relied solely on assurances from Nigerian suppliers.
Nigeria Adopts UN/CEFACT to Fast-Track Global Trade Integration
The Nigeria Customs Service (NCS) has expressed a strong commitment to fast-tracking Nigeria’s integration into global trade systems through the adoption of international trade facilitation standards developed by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). This assurance was given during a high-level stakeholders’ interactive session organised recently by the Nigerian Export…
Food, Beverages Workers Accuse NAFDAC of Expanding Unemployment Problems In Nigeria
The NAFDAC is being accused of expanding the unemployment problems across the country. This follows its recent ban on the production, distribution and sales of alcoholic drinks in sachets and PET bottles of 200ml and below. In a protest march to the NAFDAC Lagos Office , the protesters – Distillers and Blenders Association of Nigeria,…