Senate to partner NBC, food manufacturers on plastic pollution — Ekweremadu

  FORMER Deputy President of the Senate and Chairman, Senate Committee on Environment, Senator Ike Ekweremadu, Peoples Democratic Party, PDP, Enugu West has expressed the readiness of the Senate and the National Assembly to partner with the Nigerian Bottling Company, NBC, and the Food and Beverage Recycling Alliance, FBRA, to fight the menace of plastic […]

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What Can Be Learned from China’s forty-year journey of industrial park development?

  By Jie ZHAO, Coordinator for South-South and Triangular Cooperation of UNIDO   Manufacturing plays a crucial role in the economic and social development of many countries. A strong manufacturing sector can not only serve as the foundation for countries’ economies but also provide countries with the necessary resilience against economic shocks and crises and can […]

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Can Africa’s third industrial development decade deliver?

  “The first Industrial Development Decade for Africa (IDDA), launched in 1980 by regional organizations and supported by the United Nations Industrial Development Organization (UNIDO), ended in failure”   By Jenny Larsen   Industrial development in Africa has been sluggish for some decades. Now, as the effects of the COVID-19 pandemic kick in, hopes for better progress, […]

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Lafarge, Honeywell, 34 others enjoy three-year tax holidays

Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as companies currently enjoying Pioneer Status Incentive of the Federal Government. The Nigerian Investment Promotion Commission in its third-quarter report on Pioneer Status Incentive applications made public on Wednesday stated that 60 applications for PSI had […]

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ACCI Lauds FG’s Ratification Of Africa’s Trade Pact

The Abuja Chamber of Commerce and Industry (ACCI) has applauded the Federal Executive Council’s approval of the ratification of the African Continental Free Trade Agreement (AFCTA). In a statement signed by its president, Prince Adetokunbo Kayode, ACCI described the development as commendable and a major boost to trade integration among African nations. “The AFCTA is […]

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Petrol To Sell At N172.17 As FG Increases Fuel Price 5th Time In 5 Months

The Petroleum Products Marketing Company, (PPMC) has again increased the retail pump price of petrol to between N168.17 and N172.17, the fifth such increase in the last five months. The new pump price which was a result of an increase in ex-depot price to N155.17 takes effect from Friday 13, November, according to a PPMC’s […]

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Religious sentiments fuel attack on the beer industry in Nigeria

  *** See Nigeria states with top drinkers *10 coutries that drinks the most Summary * Nigerian Breweries Plc, Guinness Nigeria Plc , International Beverages, and others, contributed N40.6 billion in Value Added Tax (VAT) to the federal government within the last nine months. *Federal statisticians at the NBS said the South -South states top […]

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Border Closure: Dangote says report of sole cement export misleading, mischievous

  The management of Dangote Group has described as misleading reports that the company was granted sole approval to export cement through the land borders. In a statement Tuesday, the company said it was not the only company enjoying such privilege to move goods through the land borders. Bloomberg reported that BUA Group, and a […]

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Investments In 44 Trade Zones Hit N27bn – NEPZA

Nigeria Export Processing Zones Authority (NEPZA) has revealed that the 44 Free Trade Zones in Nigeria have a cumulative investment of N27 billion. This was revealed by the Managing Director of NEPZA, Professor Adesoji Adesugba, when he received the Executive Governor of Taraba State, Darius Ishaku, in Abuja on Thursday. Professor Adesugba said free trade […]

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Tambuwal lays $13m fertiliser plant foundation

Governor Aminu Waziri Tambuwal of Sokoto State has reiterated that the state is ready to support investments capable of developing the economic well-being of the people and uplift them from poverty. Tambuwal said this at the groundbreaking ceremony of OCP Africa’s $13m Sokoto Agricultural Centre of Excellence comprising a fertiliser blending plant with a production […]

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