Views: Visits 23
Kano state governor, Abdullahi Ganduje, has waded into the sugar war between Dangote and BUA. The two companies owned by Aliko Dangote and Abdul Samad Rabiu, both of who are from the state.
In a statement on Thursday, Abba Anwar, the governor’s chief press secretary, said the reconciliation meeting took place in Abuja, on Wednesday.
In a joint letter to the minister of industry, trade and investment, Dangote Industries Limited and Flour Mills of Nigeria had claimed that BUA’s sugar refinery poses a threat to the Nigerian local sugar industry.
They also alleged that the sugar refinery undermines the national sugar master plan (NSMP), a policy road map for sugar production.
ON THE GO
Dabiri-Erewa, Uwais to coach participants of Bolaji Abdullahi mentorship programme Abike Dabiri-Erewa, chairman, Nigerians in Diaspora Commission (NIDCOM), and Maryam Uwais, special adviser to the president on social investment, will coach mentees in the second cohort of the Bolaji Abdullahi.
IMF: Three things Nigeria must do to boost economic growth The International Monetary Fund (IMF) has asked the Nigerian government to implement a minimum of three reforms to boost the country’s economy.Advertisement Abebe Selassie, IMF director of African department, spoke.
Seven security operatives arrested for ‘supplying’ arms, military kits to bandits in Zamfara The Zamfara police command has arrested seven security operatives for allegedly supplying arms, ammunition, and military kits to bandits in the state.Advertisement Ibrahim Dosara, Zamfara commissioner for information, who disclosed.
NEPZA, NOTAP, others hail Ugwuanyi at unveiling of Lion Business Park
On
Kindly Share This Story:
Stakeholders in the investment and business promotion sector have commended Governor Ifeanyi Ugwuanyi of Enugu State, for providing a conducive atmosphere and the framework for businesses to thrive in Enugu State.
Speaking during the unveiling of the Lion Business Park Enugu, an integrated industrial/commercial hub, driven by public-private partnership initiative, which was an offshoot of the first-ever Enugu State Investment Summit in 2016, christened “Oganiru Enugu”, organized by the Ugwuanyi administration to woo investors, the stakeholders described the project as one of the governor’s visions that has become a reality.
Market data for the week ended 9th April 2021 revealed that the Nigerian Equity space closed on a negative note, as the All-Share Index and the market capitalization depreciated by -0.66%, to close the week lower at 38,866.39 and N20.335 trillion respectively.
This bearish move has been linked to the conclusion of an impressive annual reporting season, as this leaves few incentives to bet on slightly higher returns from equities, with the rising yields in the fixed-income market.
Some industrial, mining, and consumer goods stocks delivered decent returns during the week
Despite the prevailing bearishness in the market which impacted the performance of some key consumer and industrial good stocks on NSE last week, shares of the following industrial, mining, and consumer goods companies delivered decent returns for their holders during the week.
Project lawful, will checkmate arbitrary price hike, create jobs, says Rabiu
The Chairman, Dangote Industries Limited, Alhaji Aliko Dangote, alongside Chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros, have said the establishment of a new sugar refinery plant in the country poses a threat to the attainment of the National Sugar Master Plan (NSMP) as well as sustainability of the country’s local sugar industry.
They argued that the country currently had enough refining capacity to meet national demand.
In a joint petition to the Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, dated January 28, 2021, the duo protested the recent commissioning of a sugar refinery in Port- Harcourt, Rivers State, which is reportedly owned by BUA International, one of the operators in the sugar industry.