industry

A particular form of commercial or economic activity, often associated with the production or manufacturing of goods or services.

Airbus Expands Capacity with New A321XLR Equipping Hangar in Hamburg

Airbus has opened a new automated A321XLR equipping hangar in Hamburg, Germany. This expansion aims to modernize and digitalize the company's industrial system and increase its ramp-up capacity for the A320 program. The new hangar will focus on manufacturing A321 fuselages and contribute to the development and production of the A321XLR, the flagship of the A320 Family. The state-of-the-art facility incorporates sustainable design principles and reflects Airbus' commitment to climate-neutral aviation.

9mobile Urges University of Ilorin Students to Build Personal Brands for Business and Career Growth

9mobile, the Nigerian telecom giant, recently held a networking and business mentorship program at the University of Ilorin, where they emphasized the importance of building personal brands for future business and career growth. Students were given insights on personal branding, target audience identification, brand consistency, and the need to network and build relationships. The event also featured sessions on leveraging digital tools and expanding side hustles. Read on to learn more about the key takeaways from the event.

Vice President Shettima: Tinubu's Economic Policies Yielding Positive Results, Allocations Increased

Vice President Kashim Shettima has praised the economic policies of the President Bola Tinubu administration, stating that they are already showing positive results. Shettima highlighted the increased allocations available to states from the federation account, attributing it to the absence of unaccounted fuel subsidies. He emphasized the need for a strong partnership with the banking and finance industry to propel Nigeria's economic growth and rejuvenation. Shettima also outlined the priorities of the Tinubu administration, including food security, poverty eradication, economic growth, access to capital, and improved security. The article discusses the importance of cooperation from stakeholders in implementing these priorities and commends the reform initiatives undertaken by the Tinubu administration.

AXA Mansard Announces Second Cohort of Insurtech Accelerator Programme in Nigeria

AXA Mansard has launched the second cohort of its insurtech accelerator programme, the Innovation Exchange Programme, in Nigeria. The 15-week programme aims to develop insurtech solutions and help startups scale in the insurance industry. Following the success of the first edition, AXA Mansard is committed to empowering insurtechs and driving digital transformation in the sector.

Federal Ministry of Power Pledges Support for Nigeria Energy Exhibition and Conference 2023

The Federal Ministry of Power has declared its support for the 2023 edition of Informa Market's Nigeria Energy Exhibition and Conference. This platform is recognized as a vital space for stakeholders to delve into critical issues in the Energy industry. The Ministry lauded the sustained efforts of Informa Market in organizing this trademark energy event and affirmed its commitment to support and partner with it. With the recently enacted Electricity Act 2023, the conference will provide an essential platform for stakeholders to discuss the Act's fundamental issues.

Lafarge Africa Invests in Sustainable Operations, Installs New Bag Filter Technology

Lafarge Africa Plc has reaffirmed its commitment to environmentally sustainable operations by investing in state-of-the-art technology. The company has installed a new bag filter technology at its Ewekoro plant, complying with Nigerian regulatory standards. Lafarge Africa aims to conduct its business with zero harm to people and minimize its environmental footprint. The company has also implemented measures to reduce fugitive emissions and conducted a social impact assessment to mitigate the environmental impact on local communities.

NSIA Receives House of Representatives Members on Lagos Project Inspection

The Nigeria Sovereign Investment Authority (NSIA) recently hosted members of the House of Representatives who came to Lagos to assess the impact of various projects undertaken by the Authority on the country's economy. The visit primarily focused on healthcare, infrastructure, and agriculture. The lawmakers praised the NSIA's interventions in the healthcare sector, particularly at the NSIA-LUTH Cancer Centre. The NSIA has made significant investments in the healthcare industry, including the establishment of modern medical diagnostic centers and plans for expanding the oncology and diagnostic facilities across Nigeria. Additionally, the lawmakers inspected the Golden Fertilizer Company Limited, revived under the Presidential Fertilizer Initiative, and the Lagos-Ibadan Expressway.

Bleaching Can Lead to Skin Diseases - Beauty Expert Warns Nigerian Women

Modupe Salahudeen, the chief executive of a beauty clinic in Lagos, has warned Nigerian women against the practice of bleaching their skin, citing the potential health risks involved. She urged women to maintain their natural skin and seek the guidance of beauty experts for safe and effective ways to enhance their appearance. Salahudeen emphasized the importance of education, training, and passion in the beauty industry, while also highlighting the need for regular equipment replacement. She encouraged young women to work hard and believe in themselves, emphasizing self-reliance and independence.

Nigerian Solid Minerals Development Fund Denies Involvement in 2015 Elections and African Cup of Nations

The Nigerian Solid Minerals Development Fund (SMDF) has vehemently denied allegations that it was involved in funding the 2015 elections and the African Cup of Nations. The Executive Secretary of SMDF, Hajiya Fatima Shinkafi, categorically stated that the reports were unfounded, clarifying that the fund had only been capitalized a year ago and did not possess the resources to support such ventures. The SMDF emphasized its commitment to its mandate and called for stakeholders in the sector to work together to achieve the goals set forth.

Nigeria and Turkey Partnership: Creating Millions of Jobs in Healthcare and Infrastructure

The partnership between Nigeria and Turkey has the potential to generate over one million jobs in the healthcare and infrastructure sectors. The Abuja Chamber of Commerce and Industry (ACCI) welcomes the collaboration and highlights the need for government support to create a conducive environment for private sector growth. The aim is to bridge the gap in healthcare services, reduce medical tourism, and boost the local economy.

First Bank Group CEO Highlights Convenience of Banking Transactions for Customers

The CEO of First Bank Group, Dr. Adesola Adeduntan, emphasized the convenience of banking transactions for customers during a recent event. He highlighted how technology has made it easy for customers to make payments, withdrawals, and other transactions, giving them more time for personal activities. Adeduntan also spoke on the future of banking, emphasizing the importance of technology in driving access, convenience, and development.

Nigeria's Company Income Tax Doubles in Q2 2023

Nigeria's aggregate Company Income Tax (CIT) has more than doubled in the second quarter of 2023 as reported by the Nigerian Bureau of Statistics. The CIT collections for Q2 2023 reached N1.53 trillion, representing a growth rate of 226.40 percent compared to the previous quarter. This significant increase in tax revenue reflects the positive momentum in Nigeria's economy and highlights the contributions of various sectors to the overall tax collection.

Renewal of Oil Pipelines Surveillance Contract Urged to Sustain Crude Oil Production in Niger Delta

Deacon Kingsley Otuaro, former Deputy Governor of Delta State, has called on President Bola Ahmed Tinubu to renew the oil pipelines surveillance contract with Tantita Security Services Limited. Otuaro emphasizes the company's role in reducing economic sabotage and protecting critical assets in the Niger Delta region. He urges the President to recognize the partnership's benefits, including increased crude oil production and government revenue. Otuaro believes that Tantita Security Services, owned by Chief Government Ekpemupolo (Tompolo), is well-suited for the job due to their understanding of the challenges posed by oil theft and vandalism in the region.

Nigeria's Natural Gas Production Could Reach 5 Billion Cubic Meters per Day by 2030

Nigeria's Minister of Gas, Ekperekpere Ekpoe, has announced that the country has sufficient natural gas reserves and aims to increase its daily production to over 5 billion cubic meters by 2030. This initiative is part of a decade-long plan to boost gas production and solidify Nigeria's position as a major player in the global energy market. The article explores the potential impact of Nigeria's increased gas production on its economy and global gas exports.

Nigeria's Gas Market Shows Promise for Foreign Investors at African Energy Week Conference

Nigeria's Minister of State for Gas, Ekperikpe Ekpo, will showcase investment opportunities in the country's gas market at the African Energy Week conference in South Africa. Nigeria's strategic position, untapped gas resources, and recent regulatory reforms make it an attractive investment destination. The Decade of Gas initiative and identified critical gas projects are paving the way for large-scale developments. Nigeria's gas reserves, exploration efforts, and downstream infrastructure projects offer potential for foreign investors. The African Energy Week conference aims to connect capital with Nigerian gas projects.