The Federal Government, through the Ministry of Solid Minerals Development (MSMD), has committed to working closely with the Zamfara State Government to leverage the state’s mineral resources for economic development. Speaking while receiving Zamfara State Governor Dauda Lawal in his office, the Minister of Solid Minerals Development, Dr. Dele Alake emphasized the importance of the state to Nigeria’s mining sector, …

The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has warned that the latest interest rate hike threatens the survival of the manufacturing sector. He emphasised that the continued increase in the cost of borrowing will escalate production costs, stifle investments, and reduce the sector’s competitiveness, ultimately leading to job losses and economic downturn if not urgently …

Benue State Government has concluded plans to start production of beer brand to stop capital flight to other states. The Managing Director of Benue Investment and Property Company (BIPC), Dr. Raymond Asemakaha said that  the media on Tuesday that the beer’s name would be unveiled during its launch in December. Asemakaha, who took journalists on a tour of the proposed …

The Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila on Friday assured African Association of Automotive Manufacturers and the Nigerian Automotive Manufacturers Association of the President Bola Tinubu’s commitment to Nigeria’s industrialisation as evidenced by all of the policies being implemented under his administration. While receiving the delegation at the State House, Abuja, Gbajabiamila promised to assist in …

Shareholder associations call for full participation of Nigeria shareholders in Nigerian Breweries Rights Issue Shareholders associations in Nigeria have given their nod to plans by Nigerian Breweries Plc to raise N600 billion through Rights Issues on the back of foreign exchange exposures that precipitated a loss of N106 billion for the 2023 financial year. The company had announced at its …

Comptroller General of Nigeria Customs Service, Adewale Adeniyi, took a test drive to one of the made-in-Nigeria vehicles. Lending his endorsements to the innovative endeavor. This was disclosed on their official X account formerly Twitter on Friday. According to Adeniyi, “This is our Nigerian products and we owe ourselves, we owe Nigerians the obligations to give them a chance. We …

President Bola Tinubu has said that Nigeria’s investment climate has been bolstered by critical new reforms, with an array of opportunities across sectors for investors. During the presentation of a letter of credence by the Ambassador of the Republic of Korea to Nigeria, Vice-Admiral Kim Pan Kyu, at the State House, on Friday, the President said that Nigeria is a …

The Minister for Works, Senator David Umahi has charged the management of BUA Cement with the need to further reduce the prices of cement in the market. Umahi stated this in Sokoto on Thursday when he led members of his management team to the headquarters of the company in Sokoto. The Federal Government and cement manufacturers resolved that prices of …

In a bid to stem the rising cost of cement and other building materials and enhance the delivery of affordable housing in Nigeria, the Minister of Housing and Urban Development, Ahmed Dangiwa has called for a meeting with manufacturers of Cement and other building materials in the country. The move is aimed at better understanding the challenges in the sector, …

The Minister of Solid Minerals Development, Dr. Dele Alake has said that miners and operators in the sector owed the Federal Government more than N2 trillion. This is as the minister stressed that the current administration of President Bola Tinubu is determined to halt the activities of illegal miners across the country. Alake described the activities of illegal miners as …