There are fresh indications that the nation’s electric generating set market, the largest in Africa will witness growth s rates of 8.7 per cent, propelling up market volume from $450 million ( about N72 billion) in 2011, to reach $950.7 million (N152.1 billion) by 2020, respectively.
Nigeria’s first consignment of steel for export will soon commence as African Foundries Limi-ted, a foreign company operating in Nigeria, will begin export of steel to Ghana.
Katangua Market which situates in Abule Egba, a suburb of Lagos, apparently remains Nigeria’s biggest second-hand clothes hub.
Indeed, a visit to the market is a sad reminder that fairly used clothes shipped from foreign countries not only spin big money but a hindrance to growth of local production of fabrics in Nigeria.
FLORENCE UDOH, Assistant News Editor, reports
Nigerian Investment Promotion Commission (NIPC) has said this is the time for investors to come and invest in Nigeria, saying the challenges facing the country at the moment are ample opportunity for investors.
UNITED States of America, USA, has pledged support for the Nigerian Geological Survey Agency, NGSA, to generate concrete and reliable, quality and quantity geosciences data of solid mineral deposits across the country.
Stories by FLORENCE UDOH UDOH
Olam Nigeria has announced that its Singapore-based holding company; Olam International Limited has acquired Amber Foods Limited for $275 million which is equivalent to N8.4150billion.
National Union of Food, Beverage and Tobacco Employees (NUFBTE) has called on the Federal Government to prevail on the Central Bank of Nigeria (CBN) to review the forex policy listing of triple concentrate tomato paste among the 41 items banned from accessing foreign exchange from the official window.
DIFFICULTIES associated in accessing foreign exchange to import in Completely Knocked Down (CKD) parts are impacting negatively on tricycle and motorcycle assembling plants in the country with spillover effects on outsourcing companies that supply labour to the industry.
UFOMBA UZUEGBU, Asst News Editor
RIVERS State chapter of the Trade Union Congress of Nigeria has urged to the Rivers State Government and the Federal Government to redouble efforts towards containing the spread of Lassa fever across Rivers State and Nigeria.
The State Chairman of the Congress, Comrade Hyginus Chika Onuegbu, made the appeal in a statement on Monday.
He said that the Congress understands that Lassa fever is a very fatal viral haemorrhagic fever that kills faster than Ebola, stressing that, “Already several deaths have been reported while many more especially in the rural areas go unnoticed because of the low level of sensitization of the public on Lassa fever.”
He also said: “We are deeply worried that the Lassa fever epidemic is not given the attention it deserves in the State and this could lead to several more avoidable deaths.
“We call on the Rivers State Government to keep the public regularly updated on the Lassa fever outbreak in Rivers State; explain the efforts being made to contain the spread; the number of reported cases; symptoms; isolation and treatment centres; and preventive actions that should be taken by individuals.
“We think that adequate public awareness is crucial in any plan to contain the spread of the deadly virus.”
Mr. Ola Oyegoke, a union leader has proposed to the organised labour to unite and sponsor a bill that will forestall employment of casual workers in Nigeria.