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Lagos, South Africa and New York
Thursday, August 13, 2020

Nigeria signs joint venture with May & Baker to manufacture vaccines locally

ABUJA May 31  - Nigeria's cabinet approved on Wednesday a plan to set up a joint venture with pharmaceutical firm May & Baker Nigeria Plc to produce vaccines, with an initial capital of 100 million naira ($328,515), the health minister said. Isaac Adewole told reporters...

Osinbajo gives Dangote, Peterside, 34 others new appointments — FULL LIST

Acting President Yemi Osinbajo has inaugurated the board of the Nigerian Industrial Policy and Competitiveness Advisory Council. The 36-member Council, to be chaired by Mr. Osinbajo himself, comprises representatives of the public and private sectors as well as a seven-member Technical Committee. The Council, which is...

MAN advises govt to increase investment in agriculture

The Manufacturers Association of Nigeria has advised the three tiers of government to increase investment in agriculture to boost food production and sufficiency in the country. The Director-General, MAN, Mr. Segun Kadiri, made the call in an interview with the News Agency of Nigeria in...

Stakeholders kick against Kwara state govt’s proposed manufacturing levy bill

Manufacturers Association of Nigeria (MAN), Kwara State Chambers of Commerce Industry Mines and Agriculture (KWACIMA) and Nigeria Labour Congress (NLC) have joined other stakeholders to kick against the proposed manufacturing levy bill by the Kwara State Government, saying it will constitute multiple taxation. The arguments...

Manufacturers condemn CBN’s retention of interest rate at 14%

The Manufacturers Association of Nigeria (MAN) Ogun Chapter, has condemned the retention of interest rate by the Monetary Policy Committee of CBN at 14 per cent. MAN Chairman, Mr. Wale Adegbite, said on Wednesday, in Ota, Ogun State, that such development was not good for...

Buhari appoints Malami, six others to board of Solid Minerals Development Fund

The Minister of Mines and Steel Development, Kayode Fayemi, on Thursday inaugurated the Board of Solid Minerals Development Fund (SMDF). Mr. Fayemi said the approval for the reconstitution of the Board by President Muhammadu Buhari was a clear indication of the administration’s commitment to fixing...

Aniochaoshimili draw up Economic Blueprint for the Development of Delta State.

The Aniochaoshimili people of Delta state are set to draw up their own economic blueprint for the development of the area. To achieve this, a non-partisan and non-profit making socio–cultural organisation known as Njiko Aniochaoshimili has been convened to organize an economic summit to draw...

BoI seeks N1tn to finance industrial component of Nigeria’s economic recovery plan

Nigeria's Bank of Industry is seeking to raise about N1tn from local and international sources to finance the industrial component of the Economic Recovery and Growth Plan. The Acting Managing Director, BoI, Mr. Waheed Olagunju, stated this in Abuja at the 57th Annual General Meeting...

Ajaokuta Steel Company To Create 500,000 Upstream, Downstream Employment, Administrator

The Federal Government says the first phase of Ajaokuta Steel Company will provide 500,000 upstream and downstream employment when it becomes operational. Mr Isah Onobere, the Sole Administrator of the company made this known during a media tour to the company on Friday. Onobere said...

States to Get 13% Derivation from Mining Revenue

THE Federal Ministry of Mines and Steel Development on Tuesday said it had secured approval for the payment of 13 per cent derivation from mining revenue to the 36 states of the federation. The Permanent Secretary in the ministry, Abass Mohammed, who disclosed this...
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