Unicane Industries News Today

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As Nigeria continues to grapple with falling foreign exchange earnings, ethanol producers in the country may have offered uncommon hope as they have pushed the country’s hitherto poor production capacity beyond its consumption. Nigerians scrambled for unavailable sanitizer, a by-product of ethanol, last year during the outbreak of the COVID-19 pandemic as the country relied on unavailable imported brands, alongside inflation prices. At the weekend, ethanol producer, Unicane Industries ...

Punch Newspapers Sections Published 19 May 2021 Unicane Industries Limited has announced the completion of the second phase of its plant extension, making it the largest ethanol producer on the continent. Unicane, a manufacturer of ethanol in Lokoja, Kogi State, made the announcement in a statement made available to our correspondent on Tuesday. The company stated that the expansion of the plant would boost national sufficiency in the production and export of Extra Neutral Alcohol. The plant, c...

Lafarge, Jabi Mall, Grand Pela, 31 other firms enjoying tax holiday in Nigeria (FULL LIST) The Pioneer Status Incentive grants a tax holiday for companies working in industries considered not sufficiently developed enough in Nigeria but with favourable prospects. The federal government gives companies in critical sectors of the economy tax holiday, also known as the Pioneer Status Incentive, to encourage and attract investment into sectors that could significantly impact development and deliver...