Africa’s pharmaceutical market fastest growing globally with estimate of $60bn by 2020 –UNIDO

By Meleltus EZE  The United Nations Industrial Development Organisation (UNIDO) says Africa’s pharmaceutical market is one of the fastest growing in the world, estimated $60 billion by the end of 2020. The UNIDO’s Regional Director in Nigeria, Mr Jean Bakole, disclosed this at event to mark 2018 African Industrialisation Day and Nigeria Quality Award Day in Abuja on Tuesday. The event was organised by United Nations Industrial Development Organisation (UNIDO) in collaboration with the Ministry of Industry, Trade and Investment. The theme of this year’s Day is “promoting Regional Value…

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Pepsi, Coca Cola pouring $1.4 billion into Pakistan- government

By Aliyu DANLADI Pepsi and Coca Cola are set to invest 1.4 billion dollars in Pakistan in coming years, a statement from Prime Minister Imran Khan’s office said, after executives from the two companies met with Khan. Khan’s office said on Wednesday, after the company’s chief executive for Asia, Middle East and North Africa, Mike Spanos, led a Pepsi delegation that met Khan. “Pepsi planned to make a further investment of 1.2 billion dollars in next five years “Coca Cola, which has a 500 million dollars business already in Pakistan,…

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Guinness MD urges consumers, motorists to avoid alcoholic drink while driving

By Giwa SHILE The Managing Director, Guinness Nigeria Plc, Mr Baker Magunda, has urged consumers, motorists and the public to make a personal commitment not to take alcoholic drink while driving. Magunda made the plea on Tuesday at the 2018 EMBER Months Responsible Drinking Campaign jointly organised by the Guinness Nigeria Plc and Federal Road Safety Corps (FRSC) in Lagos. The managing director advised consumers to make a firm commitment never to drink while driving, urging them to sign the “Join the Pact Wall”. The “Join the Pact’’ is a global…

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Prices of garri, yam drop by 60% in Enugu

Olamilekan FAWAS The price of some food items like gari and yam have significantly dropped in major markets in Enugu metropolis, TBI Africa reports. A market survey conducted on Thursday in Enugu revealed that price of food items such as processed cassava called garri and tubers of yam have dropped by over 60 per cent when compared to previous months. Some traders and farmers, has attributed the price drop to the harvest season and the Federal Government’s sustained focus on agriculture. A garri seller at Akwata Market, Mrs Uzoma Aku,…

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Trade fair: Exhibitors laud LCCI on adequate electricity supply

By Thompson ABISOLA Some exhibitors at the ongoing Lagos International Trade Fair, on Tuesday, lauded the Lagos State Chamber of Commerce and Industry on adequate electricity supply. The exhibitors gave the commendations while speaking with the at the fair. They said that LCCI had improved immensely in power supply compared with the previous years when they had to spend hugely to run generators. According to them this development minimised their expenses in the course of the fair. The Lagos International Trade Fair, the 32nd edition, began on Nov. 2 and…

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FG involves miners in N5bn intervention fund

By Giwa SHILE The Miners Association of Nigeria says the Federal Government has agreed to involve its executives in the disbursement of the N5billion mining intervention fund. The President of the association, Mr Sani Shehu,  disclosed this on Sunday in Abuja. He said this measure by the Ministry of Mines and Steel Development (MMSD) would enhance the effectiveness of the disbursement to genuine miners across the country. It would be recalled that miners executives have complained of not having access to the fund due to stringent conditions by Bank of…

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Mining week: stakeholders attribute low turnout to economic situation

By Thompson ABISOLA Participants at the just concluded “2018 Mining Week’’ have attributed the poor turnout of stakeholders at the event to the economic situation in the country. The participants said in Abuja on Wednesday that a lot of stakeholders could not attend the event because their schedule clashed with the mining week. The three-day event was organised by the Miners Association of Nigeria in partnership with PricewaterhouseCoopers and Spintelligent. The National Secretary, Miners Association of Nigeria (MAN), Mr  Dele Ayanleke, said that the turnout of participants at previous editions…

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Norway pledges to support Nigeria in reducing plastic pollution

By Meletus EZE The Norwegian Ambassador to Nigeria, Amb. Jens-Petter Kjemprud on Tuesday announced his home government’s willingness to support Nigeria in reducing plastic pollution across the six-geo political zones. Kjemprud said in Lagos that he was particularly interested in promoting cooperation between Nigeria and Norway in the collection and efficient recycling of plastics. According to him, such cooperation for the collection and recycling of plastics from Nigerian environment would be for commercial purposes. “Innovation and young entrepreneurs have obvious potential and bilateral exchanges that our two countries should leverage…

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FMBN spends N2.8 bn on 985 housing units in Enugu-MD

By Meletus EZE The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Mr Ahmed Dangiwa, says the bank has so far expended N2.8 billion on construction of 985 housing units in Enugu State. Dangiwa said this on Monday in Nsukka, Enugu State during the ground-breaking ceremony of the National Affordable Housing Project at Nsukka. He said that the housing units were located in five housing estates spread across the state. According to him, the bank has advanced the sum of N123.62 million to 183 National Housing Fund (NHF) contributors under the…

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Nigeria houses 2.6% global gas reserve — NGA

By Meletus Eze Nigeria houses about 2.6 per cent of the 6832 Trillion Cubic Feet (TCF) of the global gas reserve, according to the Nigerian Gas Association (NGA). NGA President Dada Thomas disclosed this at the association’s 11th International Conference and Exhibiton in Abuja with the theme ” Shift to Gas Economy, Pace and Scale of Innovation in the West African Sub-region. “According to the latest BP Statistical Review of World Energy Report published in June 2018, the World Gas Reserves is about 6832TCF at the end of 2017. “Africa’s…

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