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FG moves to drive down cement prices, to engage producers from July 1
Minister of Works, Engr. David Umahi has said the Federal Government will begin engagements with cement manufacturers from July 1 to address the rising cost of cement in the country. Umahi revealed this at the unveiling of Lafarge’s new corporate…
Dangote unveils plan for Nigeria’s largest industrial zone in Ondo
President of the Dangote Group, Aliko Dangote, has unveiled plans to develop what is expected to become Nigeria’s largest industrial and free trade zone in Olokola, Ondo State, in a move aimed at accelerating industrialisation, boosting manufacturing and creating thousands…
PIC-FUEL: Nigeria’s decarbonization quest ignores homemade solutions
Sopuruchi Onwuka Nigeria’s search for solutions in sharpening a national climate agendum that targets decarbonization appears focused on blaming developed nations for failing to evolve ways of cleaning up petroleum energy for continued usage. And the country’s insistence that the…
FG launches EMERGE scheme to fund mineral exploration, research
Federal Government has launched the Early-Stage Mineral Exploration and Research Grant Endowment (EMERGE), a new funding initiative designed to support mineral exploration, critical minerals development, and geoscience research across Nigeria. This is also as the minister of Solid Minerals Development,…
31 MDAs adopt FG’s revenue optimisation platform
Total of 31 ministries, departments and agencies (MDAs) of government have adopted the Revenue Optimisation and Assurance Platform (RevOP) and the Federal Treasury e-Receipt (FTe-R) to improve overall transparency in Federal Government financial operations. This was disclosed, Tuesday, during a…
Airbus cites ‘severe bottlenecks’ over A350, A320neo delivery delays
Commercial aircraft manufacturer, Airbus has blamed ‘severe bottlenecks’ for the delays experienced in delivery of the A350 and A320neo family aircraft to customers. According to the manufacturer, the delays could stretch from one month to four years. Explaining the delay,…
Cement firms report impressive Q1 growth, applaud reformed forex for stabilizing industry
Nigeria’s cement manufacturing firms, including; BUA, Dangote and Lafarge have reported impressive first quarter financial statements. The growth comes amid claims of inclement operating environment riddled with high operating costs, logistics, and other overheads which have seen the market price…
Shareholders approve new name for Lafarge Africa
Shareholders of Lafarge Africa have approved a resolution to change the company’s name to HBM Nigeria Plc. I According to a notice filed with the Nigerian Exchange (NGX) Limited on Tuesday, the decision was taken at the firm’s 67th annual…
Dismantling limits: Cherry unveils e-SUV that sails across rivers like boat
Frank Okon Chery has pushed the boundaries of electric off-road technology with the unveiling of the Jetour G700, a plug-in hybrid SUV capable of floating across rivers and functioning like a boat in emergency situations. The development highlights the increasingly…
Nigeria unveils UNDP-backed mine-tech innovation hub to drive industrial growth
Victor Nze Nigeria has launched the Mine-Tech University Innovation Pod geared towards repositioning tertiary institutions to become drivers of industrial growth br transiting from raw minerals export to a mining economy. Also known as the Mine-Tech UniPod, the initiative located…
