Demand for raw materials for electric car batteries set to rise further

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 […]

Continue Reading

Ghana leads in intra-African trade with N908bn export from Nigeria

  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 […]

Continue Reading

MAN rates Ikeja Industrial Zone Most Active hub in Nigeria

  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 […]

Continue Reading

SON Raises Red Alert On Substandard Toyota Engine Oil

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 […]

Continue Reading

500 maize farmers receive N89m CBN farm inputs in Anambra

♦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 […]

Continue Reading

Morocco’s OCP to commission Nigeria, Ghana plants in 2024

 (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 […]

Continue Reading

Cadbury Nigeria’s shareholders receive N912m as dividend

  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 […]

Continue Reading

SON Disowns Ultimatum on Products Authentication Mark

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 […]

Continue Reading