The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, says that the country’s foreign reserves had exceeded $40 billion . Foreign reserves play a vital role in maintaining economic stability, supporting monetary policy, and ensuring a country’s ability to participate in international trade and finance. Governor Cardoso attributes the growth in the…
The Manufacturers Association of Nigeria (MAN) calls on the National Assembly to hasten the passage and implementation of six Bills that are critical for manufacturing sector’s well-being. The legislative proposals include: 1. The Raw Materials Processing and Local Production Protection Bill: This bill seeks to establish a threshold of 30 percent value addition on raw material…
▪︎The Minister of Industry Trade and Investment, Senator John Owan Enoh and Engineer Kola Balogun, Chairman EPAIL during the tour. The Honourable Minister of State for Industry, Federal Ministry of Industry, Trade and Investment, Senator John Owan Enoh, has announced the upcoming inauguration of the Industrial Revolution Work Group (IRWG), comprising representatives of different sectors,…
As Lagos gears up for the highly anticipated Access Bank Lagos City Marathon on Saturday, February 15, 2025, excitement and emotion run high. This year’s edition is much more than a race, it is a moving tribute to legacy and a celebration of resilience. Under the evocative theme “Miles to Memories,” every stride taken by…
Cadbury Nigeria Plc, a proud member of the Mondelēz International family and one of the world’s largest snacking powerhouses has reached an incredible milestone, celebrating 60 vibrant years of operation in Nigeria as of January 9, 2025 This thrilling announcement was shared by Frederick Mordi, Head of Corporate Communications and Government Affairs at Cadbury Nigeria,…
Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped the merger talks that would have created the world’s third-largest automaker by unit sales. AFP reports that the bid to join forces had been seen as a bid to catch up with US titan Tesla and Chinese firms in the electric vehicle market,…
The smuggling of second-hand clothing into Nigeria poses a significant threat to the livelihoods of approximately one million five hundred thousand Nigerian tailors. Mr. Alok Bhardwaj, Managing Director of Sunflag Nigeria Ltd., conveyed this critical statistic to the Minister of State for Industry, Trade and Investment, Sen. John Enoh, during a recent visit to the…
Exciting developments are on the horizon with the anticipated launch of the Africa Energy Bank (AEB) set for the first quarter of 2025. Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources, has announced that this significant financial institution will be headquartered in Nigeria’s capital, Abuja. With a deadline of January 28, 2025, for its…
