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NPA Raises Ports tariff to 15% Across Board for funding infrastructures
The Nigerian Ports Authority (NPA) says on Thursday that it has secured the government’s approval to raise ports tariffs to 15 percent. In a statement on the Ports page via X , NPA said :” This adjustment, the first since 1993, is intended to enhance the efficiency and competitiveness of Nigerian ports. The 15% upward…
GenCos and DisCos Not Competent to Operate and Deliver Power – MAN
The Manufacturers Association of Nigeria (MAN) has observed that more than ten years after, the privatization of the electricity industry has not yielded the desired results for the economy. ” The advice would be that the government should conduct a review of the performance of the DisCos after the last unwarranted increase; conduct a study…
Dangote Says 52 kobo (52%) of Every Naira Dangote Cement Makes Go to FGN
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…
Dangote Advocates for Government Support of Local Industries
Aliko Dangote, President of the Dangote Group, has emphasized the importance of the Federal Government’s support for domestic industries to mitigate unfair competition and reduce reliance on imports. He referenced successful strategies employed by countries such as the Benin Republic, the United States, and China as benchmarks for safeguarding local industries. During a recent visit…
FIRS Largest Employer of Chartered Accountants – ICAN
The Chartered Accountants of Nigeria (ICAN) has commended the Federal Inland Revenue Service (FIRS) for being the largest employer of chartered accountants in the country. “Out of the 66,000 chartered accountants in the country today, more than 2,800 are in FIRS, the largest by any government agency,” said Davidson Alaribe, the President of ICAN. Alaribe…
Kano Picks Garment, Dairy, and Dyeing Industries for Tunisian Investors
Kano State is set to strengthen its partnership with Tunisia in several key sectors, including garment production, dairy processing, and dyeing industries. This collaboration aims to leverage the expertise and resources of both regions to foster economic growth. During a recent meeting at the Government House in Kano, Governor Abba Kabir Yusuf welcomed the Tunisian…
Wema Bank Prepares for 80 Years Anniversary
Wema Bank is in top gear to prepare for its 80th-anniversary celebration set for Friday, May 2nd, 2025. Accordingly, the Bank has unveiled a new corporate identity reflecting its milestone celebration of 80 years. Established on May 2, 1945, the Bank originally operated as a private limited liability company under the name Agbonmagbe Bank Limited….
Nigerian Governments Commend Coca-Cola’s Plastic Recycling Infrastructure Hub in Lagos
▪︎▪︎In picture from left: The Managing Director/Chief Executive Officer of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin; Executive Chairman, Apapa Local Government Council, Hon. Idowu Adejumoke Senbanjo; the Chief Executive Officer, Coca-Cola Hellenic Bottling Company (CCHBC), Zoran Bogdanovic; the Honourable Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; the Honourable Minister of…
Manufacturers Prepare for Tariff Review Discussions with DisCos and NERC
▪︎From right: MAN President Francis Meshioye; Segun Ajayi-Kadir, Director-General of MAN and Chairman of NERC, Sanusi Garba. In the past year, a significant discussion arose involving the Manufacturers Association of Nigeria (MAN), the electricity Distribution Companies (DisCos), and the industry regulator, the Nigerian Electricity Regulatory Commission (NERC). On April 3, 2024, NERC approved an increase for…