Business

CICAN Conference X-rays“Manufacturing’s $1 trillion GDP target by 2030: Realities & Possibilities

Published

2 years ago

November 19, 2024

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The Commerce and Industry Correspondents Association of Nigeria (CICAN) has chosen “Manufacturing: $1 trillion GDP target by 2030: Realities & Possibilities,” as its 2024 conference theme.

The event will hold at the Radisson Blu Hotel in Lagos on November 21.

A statement from the CICAN Secretariat signed by its Chairman, Mr. Charles Okonji, said that the Director-General of Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi-Kadir, will address government officials, captains of industry and other stakeholders on the plight of the private sector in a commatoes economy.

He also disclosed that the Minister of Federal Ministry of Industry, Trade, and Investment (FMITI), Dr. Jumoke Oduwole; the Lagos State Governor, Babajide Sanwo-Olu; Gombe State Governor, Muhammadu Inuwa Yahaya; including the Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji; Registrar -General, Corporate Affairs Commission (CAC), Sir. Hussaini Ishaq Magaji (SAN), and President of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshioye, would grace the event.

Others expected dignitaries include the President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Otunba Dele Oye Kelvin; and Chief Executive Officer (CEO) of Bullion Go-Neat Global Limited, Ambassador Olufemi Ajadi Oguntoyinbo.

Also, the CEO, Mallinson & Partners, Mr. Afam Mallinson Ukatu; Chairman, Nigerian in the Diaspora Organisation (NIDO), Russia branch, Mr. Uwem Sampson Edimo; CEO, Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, and others would be available at the event.

The event would also be graced by representatives of Standards Organisation of Nigeria (SON); Bank of Industry (BOI); UBA Plc, Access Bank Plc, NQC, Moniepoint, Capacious Farms Limited, and many others.

The conference sponsors include Coleman Wire and Cables, Dufil Prima Foods Limited, Nigerian Breweries (NB) Plc; Nigerian Bottling Company (NBC), Rite Foods Limited, Unilever Nigeria Limited, Origin Tech Group, Dangote Industries Group (DIL), Tascon Plastic Industry; and TGI Group,.

Related Topics:CICAN Conference GDP Manufacturings Realities & Possibilities

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Naira Exchange Rates Friday, October 16

Published

2 days ago

October 16, 2026

OCHEFA

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BLACK/ PARALLEL MARKET RATES

₦1370 DOLLAR (USD)

₦1800 POUND (GBP)

₦1510 EURO (EUR)

₦970 CANADIAN DOLLAR (CAD)

₦65 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED)

₦190 CHINESE YUAN (CNY)

₦100 GHANAIAN CEDI (GHS)

₦2300 WEST AFRICAN CFA F.(XOF)

₦2200 CENTRAL AFRICAN CFA F.(XAF)

₦850 AUSTRALIAN DOLLAR AUSSIE (AUD)

CBN OFFICIAL RATES

DOLLAR (USD)₦1331.61

POUND (GBP)₦1764.26

EURO (EUR)₦1490.48

SWISS FRANC (CHF)₦1608.23

JAPANESE YEN (JPN)₦8.4

CFA FRANC (XOF)₦2.27

WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1802.33

CHINESE YUAN (CNY)₦199.01

SAUDI RIYAL (SAR)₦354.83

SOUTH AFRICAN RAND (ZAR)₦80.49

Business

WEF could appoint Lagarde as its next chair, sources say

The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of ⁠the matter.

Published

3 days ago

October 15, 2026

OCHEFA

37 Views

•European Central Bank President Christine Lagarde

The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider ‌reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.

Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.

No final decision has been taken yet, they said.

A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.

Business

Germany plans tax on sugary drinks

The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.

Published

3 days ago

October 15, 2026

OCHEFA

38 Views

The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.

If passed by the German Bundestag, the tax will take effect on 1 July 2027.

The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.

The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.

According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”

The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.