production

Dangote Demands Total Ban On Tomato Importation

Dangote Demands Total Ban On Tomato Importation

October 23, 2020 12:15 pm

The Managing Director, Dangote Tomato Processing plant in Kadawa, Kano State, Abdulkarim Kaita, has called on the Federal government to put a total ban on the importation of tomato paste into the country.

Read Also: Dangote Refinery, Others Threaten Existing Plants – OPEC

He made the call while flagging off the distribution of tomato seedlings to 5,000 farmers under the Anchor Borrowers programme of the Central Bank of Nigeria on Thursday at Kadawa village in Kura Local Government Area.

“We are appealing to the Federal Government to put a total ban on the importation of tomato like what it did …

Boeing Says To Halt 737 MAX Production Next Month

December 18, 2019 3:17 pm

Boeing said Monday it would temporarily suspend production of its globally grounded 737 MAX jets next month as safety regulators delay the aircraft’s return to the skies after two crashes.

The decision confirmed investor fears that the company’s recovery from the crisis is dragging on longer and creating more uncertainty for Boeing than executives anticipated.

Boeing’s travails since March have weighed on the US economy, holding down American manufacturing output, trade and sales of durable goods while damaging the company’s performance on Wall Street’s benchmark Dow Jones Industrial Average.

In a statement, the company said it would continue to pay …

FG Laments High Oil Production Cost

December 4, 2019 4:28 am

The federal government yesterday expressed deep concern over the high cost of producing a barrel of crude oil and its attendant effects on the nation’s revenue.

According to the government, Nigeria’s input into the production of a barrel of oil remains one of the highest among all Organisation of Petroleum Exporting Countries (OPEC), adding that the high cost of production is affecting oil revenues and by extension threatening net revenue as well as stunting growth and development in the country.

Minister of State, Petroleum, Mr. Timipre Sylva, expressed the concern yesterday in Yenagoa, the Bayelsa State capital, at the ninth …

Ghana Gets $600m Loan Agreement To Boost Cocoa Production

November 12, 2019 3:43 pm

GHANA is moving fast at scaling up its cocoa value chain and President Nana Addo Dankwa Akufo-Addo Tuesday presented what he described as ‘Ghana Chocolate’ to more than 2000 delegates at the African Investment Forum (AIF) holding in South Africa’s city centre in Johannesburg.
He said that other African producers of cocoa, especially Nigeria and ivory Coast, could enjoy cocoa boom and enhanced value chain.

In the last three days, proud President Akufo-Addo has been all over the Sandton City Convention Center venue of the African Development Bank (AfDB)-organised conference clinching big-ticket infrastructure financing deals from global investors.

The Tuesday …

Oil

‘Local Content Will Curb Production Cost In Oil Industry’

November 10, 2019 2:50 am

The Minister of State, Petroleum, Chief Timipre Sylva yesterday said that federal government would continue to support local content in the oil industry, noting that it would reduce the rising cost of production in the oil industry.

Sylva spoke while inspecting the 17-story Office Complex of the Nigeria Content Development and Monitoring Board (NCDMB) and a 10 mega-watts power plant in Bayelsa expected to supply electricity to the building, the Nigerian Oil and Gas Plant Scheme (NOGAPS) and selected government institutions.

Read Also: Hope Rises for Akpabio as A’Court Orders Rerun Election

Sylva said that local content to a large …

Dr. Dre To Be Honoured By Grammys For Production

Dr. Dre To Be Honoured By Grammys For Production

November 2, 2019 10:30 am

Ace American rapper and record producer Andre Romelle Young professionally known as Dr. Dre is set to receive an honorary Grammy for his service to music and production.

The Recording Academy announced Friday that its Producers & Engineers Wing will honour the six time Grammy winner on January 22, at Village Studios in Los Angeles. Four day ahead of the 62nd Annual Grammy Awards, scheduled for January 26, 2020, at the Staples Center.

“Dr. Dre is an influential force in music,” said Deborah Dugan, President/CEO of the Recording Academy, in a press release.

“Dre breaks boundaries and inspires music creators

…
Indonesia Bans Nickel Exports, Eyes Domestic Production

Indonesia Bans Nickel Exports, Eyes Domestic Production

October 29, 2019 1:09 pm

Indonesia will suspend nickel ore exports immediately rather than stopping overseas shipments early next year, officials said on Tuesday, as the world’s top producer of the mineral looks to ramp up processing at home to boost its income.

Some three dozen firms met government officials on Monday and agreed to stop exporting the metal, according to the country’s Investment Coordinating Board (BKPM).

London nickel prices briefly jumped above $17,000 a metric ton.

Read Also: Boeing Design Flaw A Factor In Lion Air Crash: Indonesia

The surprise announcement comes about a month after resource-rich Indonesia shocked markets by saying it would

…
BAMIB, A Pencil Company To Raise Production By 18,650 Times

BAMIB, A Pencil Company To Raise Production By 18,650 Times

October 25, 2019 7:03 am

To scale up and compete favourably with foreign competitors, BAMIB Resources and Investment Company Limited is planning to raise its production of pencils to 18,650 annually, over its current level of 2.4million.

Managing Director of BAMIB, Muideen Ibrahim, who made the disclosure to the News Agency of Nigeria (NAN) in Abuja, however, appealed to the Federal Government to provide the facility and enabling environment for the company to expand its production.

The company, which started production on August 1, 2018, is the first indigenous pencil manufacturing company in Lagos State and second in the country. Currently, it produces 2.4 million …

Border Closure Exposes Nigeria’s Flaw In Rice Production

Border Closure Exposes Nigeria’s Flaw In Rice Production

October 12, 2019 6:23 pm

A Pan-Africa non-governmental organisation (NGO), Feed Africa Advocacy Network (FAAN) has declared that the recent border closure by the federal government which has triggered an astronomical increase in the prices of some food like rice has exposed the reality that Nigeria is far from meeting domestic needs.

The closure has led to a sharp increase in the prices of some major foods, including rice, questioning official claim that the country is self-sufficient in rice production.
A 50-kilogram bag of local UMZA rice goes for about ₦19,500 against ₦14,000-₦15,000 before the border closure while another local brand, Big Bull sells for …

Nigeria’s crude oil production to witness 8 percent decline

Nigeria’s crude oil production to witness 8 percent decline

September 4, 2019 5:00 am

Nigeria’s crude oil production may witness a steady decline to approximately 7.93 per cent before 2025, a new research, conducted by U.S.-based Orbis Research has said.Being the same year Nigeria has targeted to increase oil reserve to about 40 billion and daily production to about three million barrels per day, the current revelation raises doubts over the achievement of the target.

Nigeria has been facing reduction in investments into the oil and gas sector due to unaddressed uncertainties in regulations, as well as growing security tension in the country.

The Nigerian Natural Resource Charter (NNRC), had earlier disclosed that Foreign …

Nigerian Army begins local production of tactical vehicles

Nigerian Army begins local production of tactical vehicles

June 21, 2019 12:08 am

The Nigerian Army says light tactical vehicles and other weapons being locally produced by its company, Nigerian Army Vehicle Manufacturing Company (NAVMC), will help in addressing Nigeria’s internal security challenges.

The Chief of Army Staff, Lt.-Gen. Tukur Buratai, stated this in an interview with newsmen on Thursday after he toured production lines in the company located at Rigachikun in Igabi Local Government Area of Kaduna state.

Buratai disclosed that the first set of the indigenous “light tactical vehicles’’ produced by the company would be exhibited on July 6.

Read Also: Nigerian Army to upgrade museum to international standard

He said

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NNPC: Nigeria daily oil production reaches 2.3mbpd – Baru

NNPC: Nigeria daily oil production reaches 2.3mbpd – Baru

June 19, 2019 12:14 am

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says the country’s daily oil production is currently 2.32million barrel pre day.

Baru disclosed this on Tuesday when a delegation of the Nigerian Union of Journalists (NUJ) led by its President Mr Chris Isiguzo visited his office in Abuja.

“Since we came in July 2016, we are focused on increasing production of oil and gas and condensates.

“At some point, our national combined production was about a million barrels; I am happy that as at the end of 2018, we have moved on averaging last year, about 2.1 …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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