Aliko Dangote, Africa’s richest man, has announced a $400 million plan to revive a second production line at the Mugher cement plant in Ethiopia, aiming to double the facility’s annual capacity to 5 million tons.The Ethiopian plant that became operational in 2015 has faced challenges, including recurrent violence in the region, Bloomberg reported. This led…
The Borno State Governor, Babagana Zulum, has said that the Jauri Inland Dry Port located in Maiduguri, Borno State, would be ready by December. Zulum disclosed this on Wednesday, when he paid a courtesy visit to the Nigerian Shippers’ Council headquarters in Apapa, Lagos. He added that by establishing inland dry ports, the state would…
Cassava is currently the fourth most important food crop in the world after maize, wheat and rice. Nigeria is one of the world’s largest producers of cassava with a record 53 million metric tonnes of cassava produced per annum. However, 90 percent of cassava harvested in Nigeria is processed into food for human consumption. Apart…
CBN Governor, Olayemi Cardoso, at BusinessDay CEO Forum 2024, insists policies must impact the average Nigerian and restates commitment to implement policies that will foster a stable and prosperous economic environment for all Nigerians. He added that the exclusion of retained earnings from the recapitalisation terms encourages banks to focus on raising fresh capital from…
The MD/Chief Executive Officer of Skyewise Group, Dr. Elvis Abuyere has received plaque for the award of Outstanding Industrialist of the Year, an honour bestowed on him by Parliament Diary Media Group. The dialogue and award ceremony held June 20, 2024, at the main auditorium of the Nigerian National Merit Award House, Maitama, Abuja-Nigeria which…
In the rapidly evolving world of fintech and banking, Allen Ellison stands out as a visionary leader with a profound impact on Africa’s economic landscape. As the CEO of Remit Global, Ellison has made significant strides in leveraging technology to tokenize precious natural resources and establish autonomous central banks across the African continent. His efforts…
Minister of the Federal Capital Territory (FCT), Nyesom Wike has resolved the over 15-year-old crisis of Apo mechanics village. The Coordinator of Abuja Municipal Management Council (AMMC), Brother Felix Obuah, settled the crisis on behalf of the Minister. In a meeting with 17 recognised unions and 16 others, Obuah announced to the mechanics and traders…
It should be clear and simple enough that the pricing by those other airlines is solely aimed around removing airpeace from the equation. Airpeace is the savior here. They cannot underprice themselves out of profitability or even to stay afloat. They are equally employing Nigerians more than the other hawks even while charging very exploitative…
The House of Representatives is set to invite top manufacturers Aliko Dangote, Rabiu Abdulsamad, among others, to appear before them for deliberation on ways out of the hardship arising from the high cost of the product. The House resolution was a sequel to the adoption of a motion titled “Arbitrary increase in the price of…
The GOTNI Leadership Centre, Africa’s leading Leadership Development Organisation has held a successful Chief Executive Officers Roundtable in Lagos, Nigeria. The conference, with the theme: Sustaining value and relevance in the market place: The leadership advantage, attracted no fewer than 50 top Chief Executive Officers from across Nigeria and beyond. The event, which held at…
