The Federal Government says it is set to achieve a target of 60 per cent value addition in raw materials from the current 25 per cent. Uche Nnaji, Minister of Innovation, Science and Technology (FMIST), said this on Wednesday at a dialogue session organized by Raw Materials Research and Development Council (RMRDC) in Abuja. NAN […]
Joy Obakeye Cormart Nigeria Limited, a leading chemical and food raw materials company and a member of TGI Group, has announced the expansion of its export business to Ghana and Cameroon. A statement by the group said the development is in line with Cormart’s strategy to become a major player across West Africa, by increasing […]
The Vice President, Prof. Yemi Osibajo, says the federal government is working on replacing the 41 items not valid for foreign exchange with a more trade policy-driven restrictions taking into account those items that are required and locally unavailable raw materials. Prof. Osinbajo, also highlighted four key priorities to be executed, so as to completely […]
Production level drops to 45.2points in February Though its 60 percent foreign exchange utilization policy to the manufacturing sector, The Central Bank of Nigeria (CBN) said it disbursed $989.6 million to 9206 companies in January 2017. Key sectors that benefited from the $989.6 million included Agriculture, Raw materials, and Finished goods, among others. Also, commercial […]