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Industry

MAN working with Ministry for passage of local content bill at NASS

man logo

To drive local patronage, expansion of production scale, the President of Manufacturers Association of Nigeria (MAN), Dr.  Frank Udemba Jacob has disclosed that his group is seriously working with the Ministry of Industry, Trade and Investment to make a Local Content Act as a bill to the Senate. Addressing issues of urgent industry importance during the MAN annual media luncheon ...

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NPA, NSC, NIMASA policies to return transit cargo business to Nigerian ports

Amaechi Usman

There are strong signals that several reforms and policy refining processes going on since late last year in the nation’s maritime sector are set to turn around the hitherto frustrating fortunes of the ports. Since last decade when it was clear that several Nigerian ports are better called relics of shipping facility following the sustained drop in cargo throughout, the ...

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Nigerian Customs denies sacking 48 officers

Customs checkpoint

Contrary to speculations and news report that the Nigeria Customs Service (NCS) has fired over 48 senior officers fingered in cases of abuse of office and corruption, the Acting Public Relations Officer of Customs, Joseph Attah said the officers concerned were those sacked last year in a previous exercise carried out by the service. In a release, Customs said “The ...

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Glo eases calls, data services further as it unveils Flexi Recharge

glo logo

Leading indigenous telecoms group, Globacom has introduced a new product, Glo Flexi Recharge, designed to permit subscribers to use data and voice without paying separately for fixed data and voice bundles. The company said the Flexi Recharge offers customers credit for calls and internet-related services, which means that its subscribers will no longer need to purchase data bundles for internet ...

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Ageing infrastructure hobbling Egyptian economy

Egypt logo

The Egyptian minister of electricity, Mohamed Shaker, has stated that grid and infrastructure expansion, to accommodate recent added capacity, remains a significant challenge, Daily News Egypt has reported. The key problem is that the total investments needed for transmission projects amount to $958.6 million, while distribution projects require $1.9 billion. According to the Minister, the ministry is coordinating with the ...

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Trump withdraws US from TPP, stops local firms from producing in China, others

Trump

Newly inaugurated US President, Donald Trump Monday put paid to his campaign promise to withdraw from the Trans-Pacific Partnership (TPP) deal involving US and 11 other nations. Trump has also threatened to impose trade tariffs as a way to revive American manufacturing and compel US companies not to take their manufacturing operations abroad. Analysts say both new strategic executive orders ...

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Shut Dangote tomato factory coming back next month

Dangote

It was not clear if the new idea to reopen production again is driven by hopes that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting that will end today will ease certain critical portions of the three prevailing rates that encouraged the planned resumption of production activities at the recently shut Dangote Tomato Processing Company, ...

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Aromolaran explains how MDAs are frustrating ‘Patronage Policy’, local content

More industrialists have joined in the ongoing crusade by manufacturers to complain against the actions of Ministries, Departments and Agencies (MDAs) in not patronizing locally made goods. Voicing her anger, the Managing Director of Crown Natures Nigeria Plc., a textile and apparel outfit, Mrs. Omolara Aromolaran decried non-patronage of locally produced goods, especially by ministries, departments and agencies of government ...

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3 more ratifications after Nigeria’ll would bring WTO’s TFA into force

okechukwu-enelamah

Following Nigeria’s ratification of the Trade Facilitation Agreement (TFA), making it the 107th World Trade Organisation (WTO) member to do so, the world is now waiting for only three more ratifications from members to achieve the two-third threshold that would bring the TFA into force. In a statement by the Strategic Communications Adviser to the Minister of Industry, Trade and ...

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Fidelity Bank deepens financial inclusion with promo scheme

Leading money deposit bank, Fidelity Bank Plc has stressed it would continue to deepen support for driving financial inclusion policy with business-friendly initiatives in 2017. The Managing Director of the bank, Nnamdi Okonkwo made the disclosure at the fourth draw of the bank’s “Get Alert in Million” promo, in Lagos. Represented by the Executive Director, Shared Services, Chijioke Ugochukwu, the ...

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