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China-Africa Trade Information Service
With electricity supply, particularly from the distribution companies remaining at an average of nine hours a day in the first half (H1) of 2018, local manufacturers’ expenditure on alternative energy source stood at N43.19 billion during the period.
The Vice President, Yemi Osinbajo, on Thursday, said that the revitalisation of fertiliser blending plants had saved the country over $200 million annually in foreign exchange.
It is reported that CALABAR—the 50,000 tons per annum cocoa processing factory in Cross River State,plans to be equipped with modernization measures in order to process cocoa in West Africa sub-region for export.
It is reported that $600 million Ikwe-Onna Modular Refinery in Akwa Ibom State will start operation in 2020.
Edo State Governor, Mr. Godwin Obaseki, has said the state government will drive the development of oil palm sector in the state using the sugar industry model.
According to Yemi Osinbajo, Vice President of Nigeria, Nigeria's car import cost $8b annually.
It is reported that MTN Group plans to implement mobile banking services in Nigeria.
Nigeria’s average electricity tariff drops by 48% in four years to 8.10 cent per kilowatts hours, kWh, from 15.67% recorded in 2014.
The 13th Network Technology Conference and Workshop was held by regulators, operators and stakeholders with the title named Affordable Broadband For The Next 100 Million Nigerians.