Indonesia Fosters economic Ties With Nigerian State

Governor Alex Otti says his government is prepared to partner Indonesia to boost economic development and industrialization in Abia. Mr Otti said this on Thursday when the Indonesian High Commissioner to Nigeria, Usra Harahap, paid him a visit in Nvosi, Isiala Ngwa South LGA. The governor also reiterated the readiness of the state government to […]

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Chinese, Nigerian Firms Sign $1bn Gas Flaring deal

AdminA Chinese firm, Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd., and NIGUS International, a Nigerian firm, have signed a $1 billion agreement to fund and develop gas flaring solutions for Nigeria. The News Agency of Nigeria (NAN) reports that the signing ceremony took place on Friday in Abuja in response to a national directive […]

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Africa’s Largest Syringe Company Close Shop In Nigeria

Admin  Jubilee Syringe Manufacturing (JSM) company in Awa, Onna Local Government Area of Akwa Ibom, has ended its operations, attributing the decision to “unforeseen circumstances affecting business operations.” The company, which was reputed to be the largest syringe manufacturing venture in Africa, was inaugurated in 2017 by former Vice President, Yemi Osinbajo. Though it had […]

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UN General Assembly Approves $3.59bn 2024 Budget

The General Assembly has approved a US$3.59 billion budget for the United Nations for 2024. The budget includes creation of a dedicated account to fund the organization’s peace-building fund. This was revealed in a statement issued by the Office of the President of the General Assembly on Sunday, the News Agency of Nigeria. According to […]

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British American Tobacco To Pay $110M Over Infringement in Nigeria

The British American Tobacco Nigeria Limited (BATN) and affiliated companies will pay a $110 million penalty over multiple infractions, the Federal Competition and Consumer Protection Commission (FCCPC) said on Wednesday. According to a statement, the affiliated companies that contravened the laws include British American Tobacco Marketing (Nigeria) Limited (BATMN), British American Tobacco Plc, and British […]

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