The oil-rich state of Qatar is to invest a total of $5 billion in Nigeria’s economy, the Foreign Affairs Minister, Godfrey Onyeama, has disclosed. Onyeama, who spoke Sunday at a send forth dinner in honour of Nigeria’s Ambassador-designate to [...]
The Federal Ministry of Works and Housing has opened the e-portal https://lnkd.in/gJakNDX for the submission of Request for Qualification (RFQ) applications for the Highway Management and Development Initiative (HMDI). 12 highways carefully chosen for concessions are Benin-Asaba, Abuja-Lokoja, Kano-Katsina, Onitsha-Owerri, [...]
Rethinking Nigeria's industrialization strategy is one key step to repositioning the manufacturing sector for growth and stability in 2021. The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf, made this point while assessing developments [...]
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has restated the Bank’s resolve to encourage firms willing to invest in the Nigerian manufacturing sector in order to grow the economy. Mr. Emefiele made the pledge in Lagos [...]
Opportunities Nigeria is one of the most open services markets in Africa, receiving an overall rated score of 27.1 (virtually open) on the Services Trade Restrictions Index (STRI) published by the World Bank. The Nigerian services sector has remained [...]
The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, on Saturday, toured the Kano Free Trade Zone, a hub to many indigenous manufacturers such as Hamdala Foods, Mufex Wires and Cables, Afrique Ventures, Marshall Biscuits and Marshall Foods, [...]
Story Highlights Factory workers package products at Decorplast, a manufacturer and regional exporter of injection-moulded plastic goods in Accra, Photo: © Nyani Quarmyne (Panos)/IFC The African Continental Free Trade Area (AfCFTA) presents a major opportunity for African countries [...]
BUA Cement, Nigeria's second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts for the full year ended December 31, 2020, showing an increase of 19 per cent 2019. Gross profit printed [...]
The President of Nigeria, Muhammadu Buhari has approved the establishment Infra-Co with an initial seed capital of N1 trillion. According to a statement issued by his Personal Assistant on New Media, the styled Infrastructure Company, wholly focused on critical [...]
“ The manufacturing sector had the highest number of projects (10) as well as the highest value, which stood at US$8.4 billion (50%). Transportation and storage had (28%), information and communication had (11%), mining and quarrying had (6%), while [...]
