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Reserves of the raw materials for car batteries are highly concentrated in a few countries. Nearly 50% of world cobalt reserves are in the Democratic Republic of the Congo (DRC), 58% of lithium reserves are in Chile The demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of […]
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New electricity price regime takes effect from Wednesday A WAVE of opposition at the weekend greeted the 100 per cent electricity tariff increase, which takes effect from Wednesday. Minister of Power Sale Mamman on June 15 said Nigerians would pay higher electricity tariff from July 1. He told the Senate power panel: “It is […]
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Ghana became Nigeria’s highest trade partner in the third quarter of 2019 with export from Nigeria worth N908.57 billion representing 17.18% share of total export in the third quarter Q3, 2019. India came second with goods worth N775.70 billion or 14.67% share of total export in the quarter. Netherland ranked third with export valued […]
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MANUFACTURERS Association of Nigeria (MAN) has scored Ikeja Industrial Zone the topmost industrial hub of the nation, for its production of finished goods valued at N3.5 trillion. In its analysis based on industrial zones production performance in the second Half of 2019, released at the weekend, the data shows that although, production fell in […]
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The Standards Organisation of Nigeria has raised a red alert on the discovery of suspected substandard Toyota brand of engine oil in the Nigerian markets. A statement from the office of the Director- General, Osita Aboloma Esq. disclosed that the suspected substandard Toyota brand of engine oil was discovered through the SON regular market surveillance […]
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♦CBN to blacklist defaulters A total of 535 maize farmers in Anambra would receive farming inputs worth over N89 million under the Central Bank’ of Nigeria’s Anchor Borrowers Programme, for the 2020 wet farming season. Simeon Nwafor, the state chairman of Maize Association of Nigeria (MAAN), made the disclosure at the inauguration of the distribution […]
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The Central Bank of Nigeria, CBN, has warned maize farmers across the country not to sell the farming inputs it provided but use them for the purpose they are meant – to boost maize production in Nigeria. The Director Head of Finance Development, CBN, Mr. Ihua Elenwor stated this in Asaba, Delta State during […]
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(Reuters) – Morocco’s OCP Group expects a fertiliser plant in Ghana and an ammonia plant in Nigeria to be operational by 2024, the company’s chief growth officer said, adding 2 million tonnes a year to its global output capacity. OCP, the world’s biggest phosphates exporter, will build the two plants, each with capacity of 1 […]
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LAGOS, Nigeria – Cadbury Nigeria Plc has announced a dividend of N912 million for its shareholders,.for financial year ended 2019. This translates to 49 kobo per share. Mr. Atedo Peterside, Chairman, Cadbury Nigeria, disclosed this at the Company’s 55th annual general meeting (AGM), which was streamed live on YouTube, in line with COVID-19 safety […]
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The Management of the Standards Organisation of Nigeria (SON) has disowned a purported ultimatum to Manufacturers and Importers on its yet to be launched Product Authentication Mark scheme. It was initially billed for introduction on February 1, 2018, by the agency. A statement from the office of the Director – General, Osita Aboloma Esq., explained […]
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