Economy News & Reports Trade and Investments

Why Government Should Support Our Quest for A Viable, Productive Manufacturing Sector – MAN

If foremost Nigerian industrialists such as Adeola Odutola, Sir Louis Odumegwu Ojukwu, Adeyemi Lawson, Henry Fajemirokun, and the renowned technocrat and industrialist Olawale Kuye resurrect today, they would be disappointed with the way the one-time thriving manufacturing sector in Nigeria has deteriorated. They were  prominent members of the Manufacturers Association of Nigeria  (MAN) They would …read more →

AFRICAReports Banking and Finance Economy News & Reports Trade and Investments

ACT Foundation Opens 2024 Grant Cycle to Empower Non-profits and Social Enterprises in Africa

Aspire Coronation Trust (ACT) Foundation has announced the opening of the highly anticipated 2024 ACT Grant Cycle, an initiative designed to support and scale up non-profits and social enterprises in Africa. The 2024 Grant Cycle, which opened on Monday, 23rd October and closes on Friday, 10th November, is targeted at non-profits and social enterprises in …read more →

AFRICAReports News & Reports Trade and Investments

LCCI Establishes ECOWAS/ AFCFTA Regional Integration Trade and Investment Committee

The Lagos Chamber of Commerce and Industry (LCCI) inaugurated the ECOWAS/ AfCFTA Regional Integration, Trade & Investment Committee (EARI-TIC) and named its initial members.  At the inauguration ceremony, the LCCI President, Asiwaju (Dr) Michael Olawale-Cole, underlined the priorities of peace, political stability, and good governance as some of the foremost promoters of regional integration, trade, …read more →

Infrastructure News & Reports Telecom Trade and Investments

NCC Showcases Indigenous Telecom Achievements at NTICE 2023 Expo

The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023), which holds in Lagos from August 22-24, 2023, at Landmark Centre, Victoria Island, Lagos. Themed: “Harnessing Indigenous Content for …read more →

News & Reports Telecom Trade and Investments

NCC Approves 2,155 Phone Brands, Models for Sale in Nigeria

The Nigerian Communications Commission (NCC) has granted approval for the sale of 2,155 phone models in the country as of July 2023. These diverse devices, originating from various brands and models, have successfully met the rigorous type approval standards set by the telecom’s regulator, qualifying them for sale to consumers in Nigeria. Since April of …read more →

Infrastructure News & Reports Technology Telecom Trade and Investments

Danbatta Advises Businesses to Adjust with Disruptive Technologies

Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, has advised businesses to adjust to the potentials of disruptive technologies which have been adopted across the globe for enhanced productivity and sustainability. He told industry leaders and Information and Communication Technology (ICT) innovators, who gathered at the 2023 edition of the …read more →

Agriculture Banking and Finance Economy News & Reports Trade and Investments

Dangote Sugar Announces Merger Plans with NASCON, Dangote Rice to Form N553 Bn Entity

Dangote Sugar Refinery has revealed its strategic move to strengthen its market presence and capitalize on future prospects by announcing a merger with NASCON Allied Industries and Dangote Rice Limited. The announcement, made on Tuesday in a regulatory filing with the Nigerian Exchange Limited, marks a significant step towards consolidating operations and leveraging opportunities in …read more →

Banking and Finance Economy Infrastructure Financing News & Reports Telecom Trade and Investments

Telecoms Investments Hit $76bn, 5G Subscriptions Now 60,000 ­­— NCC

Total investments into the telecommunication sector rose to $75.6bn as of the end of 2021, the Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has disclosed. According to him, this comprises foreign direct investment and local investment as of 2021. He stated this at an interactive session with stakeholders in the communications …read more →

ENERGY News & Analysis News & Reports Power Trade and Investments WORLDReport

Nigeria Could Play A Key Role in Europe’s Energy Transition

Nigeria is loaded with natural resources that could help Europe in its energy transition. Europe has the necessary elements to build out the as-yet underdeveloped Nigerian energy sector. There are many challenges on the road to a successful partnership, the broadest of which is the fragile political stability of Nigeria.  Nigeria could be emerging as …read more →

AFRICAReports Economy Infrastructure Maritime News & Reports Trade and Investments Transportation

First Ship Docks at $2bn Lekki Deep Sea Port

The Lekki Deep Sea Port in Lagos has received the first ship at its dock signaling a new era in port decongestion efforts in Nigeria. The Managing Director, Nigeria Ports Authority, Mohammed Bello-Koko, who received the marine vessel “Zhen Hua 28,” a heavy lift carrier, stated that the Lekki Deep Seaport, when operational, would reduce …read more →