As it tightens the regulatory noose on manufacturing sector to weed out producers of substandard products in the country, the National Agency for Food and Drug Administration and Control, NAFDAC, said 35 companies including drug producers in Kano State are facing various degrees of sanctions for sharp practices in the first quarter, Q1, of the…
The Dangote Refinery will be inaugurated by President Muhammadu Buhari on May 22, 2023, the special assistant to the president on digital communications, Bashir Ahmad, announced this in a tweet on Sunday. “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in…
There were signs of recovery in the Nigerian private sector in April as the cash crisis eased, according to a report by Stanbic IBTC Bank of Nigeria. The report on its Purchasing Managers’ Index titled ‘Nigerian private sector returns to growth in April’, showed key findings that the easing of cash crisis supported renewed rise…
Notore Chemical Industries Plc, has posted group revenue of N4.1 billion for the First Quarter ended 30th April 2023. In a statement, the company’s Group Managing Director (GMD)/ Chief Executive Officer (CEO), Mr. Ohis Ohiwerei, said its production was impacted by gas-supply limitations while finance cost affected by an increase in the exchange rate…
Oil giant, ExxonMobil has reported $11.4 billion as first-quarter profits, up from $5.5 billion a year earlier, a Reuters report has said. The US energy firm said cost-cutting measures also contributed to its record that is more than double in the first three months of this year, helped by the increased demand for oil and…
The Permanent Secretary of the Federal Ministry of Agriculture and Rural Development (FMARD), Dr. Ernest Umakhihe, has retiterated the government’s commitment to development of rubber value chain and other cash crops in a bid to diversify the economy and grow non-oil export revenue. Reviving rubber production and its value chain in Nigeria, Dr. Umakhihe, said…
The domestic spending on halal economy was up to US$107 billion in 2022
Unilever Nigeria PLC, has appointed Tim Kleinebenne as new Managing Director following the resignation of Carl Raymond Cruz. The Nigeria’s fast-moving consumer goods manufacturer, in a statement by its Company Secretary, Afolasade Olowe, said the appointment takes from effect May 4, 2023. Kleinebenne graduated with a Business Economics degree from the University of Hamburg in…
The Standards Organisation of Nigeria, SON, said it has established a Training Center in Kano where all training on Halal Certifications would be held so Nigerian businesses and Industries could partake in the Halal Sector. The Director General of SON, Mallam Farouk Salim, in a statement, made the disclosure at the Validation Meeting of the…
It is crucial to identify countries that have a genuine interest in the investment opportunities available in Nigeria and actively engage with them to foster mutually beneficial partnerships.
