Africa’s richest man, Aliko Dangote, received a significant boost for his fertiliser plant today as Shell and its partners announced a final investment decision to build a dedicated gas supply facility. The $2.5 billion Dangote Fertiliser and Petrochemical Plant, the largest urea complex in Africa, will receive 100 million standard cubic feet of gas per Read More…
Tag: Exports
Inflation: Specific blueprint critical to manufacturing, other performances in 2024
By Rukayat Moisemhe, News Agency of Nigeria (NAN) Some Stakeholders in the manufacturing sector say Nigeria needs a specific blueprint to critically address the impact of inflationary pressures on all economic activities in the country. According to the World Economic Forum’s Global Risks Report 2023, the world’s top current risks are energy, food, inflation, and Read More…
NAFDAC to review sanctions for substandard product exporters
The National Agency for Food and Drug Administration and Control (NAFDAC) has announced its intention to revise sanctions for exporters of substandard products. Prof. Mojisola Adeyeye, Director-General of NAFDAC, conveyed this decision during a press conference on Tuesday. She expressed her dismay at the high rate of substandard goods being rejected in foreign countries and Read More…
Nigerian tin opportunity as Myanmar’s supply disruption bedevils global tin supply
As a result of reports that Myanmar, the third-largest producer of the soldering metal in the world, may suspend production, tin prices shot up on Monday, creating an opportunity for increased Nigerian tin supply. The price of three-month tin on the London Metal Exchange increased by 11% to a two-month high of $27,705 a tonne Read More…
2022 exports from Nigeria totalled 214
Nigeria exported a total of 214 products in 2022, according to the Nigerian Export Promotion Council (NEPC). This was stated at the Commerce and Industry Correspondents Association of Nigeria (CICAN) conference on Wednesday in Abuja by the Executive Director of NEPC/CEO, Dr. Ezra Yakusak. The role of the non-oil sector towards economic diversification and GDP Read More…