Category: Industry
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Council seeks ways to further enhance telecoms sector growth
In order to seek ways to further enhance the country’s telecoms sector growth, a delegation from the Nigerian Industrial Policy and Competitiveness Advisory Council today visited the headquarters of the Nigerian Communications Commission (NCC). TheNewsGuru reports Executive Vice Chairman and Chief Executive Officer of the NCC, Professor Umar Garba Danbatta, received the council delegation headed…
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Why U.S. lawmakers are urging AT&T to cut commercial ties with Huawei
U.S. lawmakers are urging AT&T Inc., the No. 2 wireless carrier to cut all commercial ties to Chinese phone maker, Huawei Technologies Co. Ltd. The lawmakers are also advised to oppose plans by telecom operator China Mobile Ltd. to enter the U.S. market because of national security concerns, according to two congressional aides. The warning…
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Niger Delta: Gas producing companies to contribute to funding NDDC
The federal government has said gas producing companies and all other associated gas companies will contribute mandatorily to funding the Niger Delta Development Commission (NDDC). Senator Ita Enang, Special Adviser to the President Muhammadu Buhari on National Assembly Matters, said this to State House Correspondents on Friday. He said that President Buhari has assented to…
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Expert forecasts Nigeria auto industry growth for 2018
The Nigerian auto industry has been forecasted to grow by about five per cent next year after the market closed with a drop of 48 per cent in the third quarter of this year. The Managing Director of Toyota Nigeria Limited, Mr Kunle Ade-Ojo, gave the forecast at the company’s quarterly review of the nation’s…
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FG inaugurates 19-man committee to review national transport policy
The Ministry of Transportation has inaugurated a 19-man Committee to finalise the review of the National Transport Policy draft for the country’s Transportation Sector. A statement by the Mrs Yetunde Sonaike, Director of Press made this known in Abuja on Thursday. The Minister of Transportation, Rotimi Amaechi, who inaugurated the committee, charged the members to…
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Maritime provides a veritable opportunity for economic growth – NIMASA DG
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stressed the need for stakeholders to actively participate in the Nigerian maritime sector in order to support the growth of the country’s blue economy. Dr. Peterside made this known while addressing stakeholders at the Harmonised NIMASA Stakeholders Interactive Forum…
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Robots drive our factories; 5-in-12million jobs’ll come from Nigeria, Dangote speaks at UNGA
Nigerian business mogul, Aliko Dangote has told investors at the ongoing United Nations General Assembly (UNGA) holding at New York that his factories employ extensive use of robots to drive production. The Africa’s richest man stated this in a room at the headquarters of global law firm Shearman and Sterling LLC packed full with high…
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Ambode urges Manufacturers to consolidate Nigeria’s economic growth
Lagos State Governor, Mr. Akinwunmi Ambode has extolled the contribution of the Manufacturing sector to the transition of the country’s economy out of recession, just as he urged the Association to use the development to ensure a steady and sustainable growth of all other sectors. Governor Ambode, represented by the Commissioner for Commerce, Industry and…
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Refinery revamp: NNPC inaugurates 8 committees to meet 2019 target
The Nigerian National Petroleum Corporation (NNPC) has inaugurated eight committees in line with President Muhammadu Buhari’s mandate to rehabilitate the nation’s three refineries. Mr Ndu Ughamadu, NNPC Group General Manager, Group Public Affairs Division said this in a statement he released in Abuja on Wednesday. According to him, the mandate is to return the refineries…