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FG awaits delivery of N4.6b fire equipment to retool FFS nationwide

fire fighting truck

The federal Government is set to break the jinks of obsolete fire fighting materials as it awaits the delivery of N4.6bn firefighting equipment. Explaining the cause of the delay in a press briefing in Abuja Thursday, the Controller-General of Federal Fire Service (FFS), Engineer Joseph Garba Anebi said the Service is currently expecting the arrival of about N4.6 billion worth ...

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Dangote Foundation donates N200m for renewal of N7bn Kano Specialist Hospital

Dangote donates to Kano hospital

Dangote group has raised the bar in Corporate Social Responsibility (CSR) by bankrolling the rehabilitation of some sections of the Murtala Muhammed Specialists’ Hospital, Kano at the cost of N200 million. The N7 billion Surgical and Diagnostic Centre (SDC) currently under construction, is a 900-bed capacity hospital, reputed for highest number of in-patients in sub-Saharan Africa. Part of the sections ...

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FG mulls amendment of BPP Act to enforce buying ‘Made in Nigeria’ products

lai Mohammed

The Minister of Information, Culture and Tourism, Alhaji Lai Mohammed has announced that plans are on by the government to amend the Act establishing the Bureau of Public Procurement (BPP) in order to enforce the buying of Nigerian products, saying the move will both in long and short runs boost industrialization. Explaining issue during a town hall meeting, our correspondent ...

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Cement backward integration yielding as Dangote exports 0.4mmt in 2016

dangote-cement

The merits of the policy of cement backward integration introduced by the former administration led by Dr. Goodluck Jonathan has surged as Dangote Cement Plc has disclosed that following continuous increase in its production capacity, it  has not only closed the window of importation but has advanced to exports. The company announced that it had exported over 400,000 metric tons ...

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Nigeria’s pioneer Pencil factory completed, awaits commissioning in Akwa Ibom

Udom Emmanuel

In a show of what can be described as backward integration in production of essential educational materials, all is set by the Akwa Ibom State government to commission first pencil factory in the country. Business hilights gathered that the remodeled factory had been producing tooth pick and it is a wholly-owned entity of Akwa Ibom State government floated in 2015 ...

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LCCI, Egypt industrialists to hold business summit to grow manufacturing today

Muda Yusuf, LCCI boss

Today, 2nd March, 2017, at the Board Room of the LCCI at No 1, Idowu Taylor Street, Victoria Island by 11am, the Lagos Chamber of Commerce and Industry (LCCI) in collaboration with the Commercial Office of the Egypt Embassy in Nigeria will hold a business meeting with the Arab Organization for Industrialization (AOI). The AOI is an Egyptian organization based ...

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Local debts frustrating key sectors of economy, NASS cries out to DMO, others

Nigerian Senate

Relying on feelers from major sectors of the economy, the Senate Tuesday advised the Minister of Finance and Debt management Office (DMO) to join forces with the rising naira to clear local debts so as to save the ailing but recuperating economy. Much of the debts are owed local contractors, power sector and supplies of various items to both the ...

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Analysts explain why GDP squeezed by -1.30% in Q4 2016

NBS

Latest economic data released by the National Bureau of Statistics (NBS), in the fourth quarter of 2016, has shown that the nation’s Gross Domestic Product (GDP) contracted by -1.30 per cent (year-on-year) in real terms, from N18,533.75 billion in Q4 2015 to N18,292.95 billion in Q4 2016. Otherwise, the GDP of the Nigerian economy has continued to dwindle due to ...

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$20b gas industrial park underway in Niger Delta – Osinbajo

GRIP Delta State

Apart from chances of increased royalties to oil rich Niger Delta host communities, emerging peace in the region stemming from the peace efforts of the federal government is about to grow positive multiplier effect as the apex government has approved the development of a $20bn gas industrial park in Delta State by consortium of international investors. Insights to the new ...

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Dangote explains high spoilage of agro products, calls for free movement of haulage trucks

Dangote group

Industrialist and Vice President of Dangote Group, Alhaji Sani Dangote has revealed the reason behind the rising damage of agro products, saying time has come for unhindered movement of trucks carrying foodstuff across the country. Addressing participants at the Nigeria Agricultural Export Zero Reject Forum (NAEZRF) in Lagos, he noted that as part of renewed efforts to diversify the economy ...

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