Business

Eco-friendly Industrial Park To Takeoff in Lagos

Published

3 years ago

June 12, 2023

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The federal government has conclude arrangements for the establishment of the first zero fossil energy emission-free trade zone in the country.

The industrial park being located at the Imoore, Amuwo-Odofin area of Lagos, would sit on 115,503 hectares of land.

The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, disclosed this during the handing over ceremony of the park’s license, to the Managing Director/CEO of the Zone, Anita Omoile.

He said that the park is being developed in line with the federal government’s policy on promoting a green environment.

He said that after the completion of the project it will positions Nigeria as the leading continental hub for regional eco-friendly industrial activities and logistics services with free trade zone status.

” The new dispensation will still witness active manufacturing activities without the usual emission of destructive carbon energy into our space,” he said.

He added that the park is a manufacturing space that would promote food processing, textile and garment production, renewable energy and electric cars as well as research and development services with over 50 international enterprises ready to move to the site in earnest.

Anita Omoile, said that the industrial park would generate over 10,000 jobs and inject an estimated $100 million annually into the economy.

Omoile expressed satisfaction with the seamless and speedy manner the approval was given, adding that the authority had taken the ‘ease of doing business’ policy of the government to a new effective level.

“Our partners across the globe are enthused with the development and this shows that the country is beginning to create the right business environment to attract the needed Foreign Direct Investments,’’ Omoile said.

Related Topics:Eco-Friendly Industrial Park FG Lagos

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Afreximbank wooing Nigeria’s rising culinary stars for participation in 2026 CANEX Junior Chef Competitions

The competition invites Nigeria’s most promising junior culinary talents, aged 16 to 21, to showcase their creativity, technical skills, and cultural storytelling at the CANEX WKND 2026, set to hold from 5 to 8, November 2026, in Lagos, Nigeria.

Published

13 hours ago

June 23, 2026

OCHEFA

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Photo: Winners of the CANEX Junior Chef Competition display their prizes during IATF2025 in Algeria.

The African Export-Import Bank (Afreximbank), through its Creative Africa Nexus (CANEX) programme, has opened applications for the 2026 edition of the CANEX WKND 2026 Junior Chef Competition.

Now in its second edition, the competition builds on the landmark debut in Algiers, Algeria, during IATF2025, with Fatma Zohra Bendjelida crowned the inaugural winner.

This year, the spotlight turns to Nigeria’s next generation of culinary talents.

Eight aspiring young chefs will earn their place on the live stage at CANEX WKND in Lagos, where they will transform African culinary heritage into bold, signature creations; making dishes that honour the flavours, traditions, and stories of the continent while presenting a fresh, fearless voice in African gastronomy.

Business

Tech giant Oracle cuts 21,000 jobs as it embraces AI

The software and cloud computing firm says it had around 141,000 full-time employees as of 31 May 2026, down from about 162,000 workers at the same time last year.

Published

14 hours ago

June 23, 2026

OCHEFA

24 Views

Photo: Oracle co-founder Larry Ellison/ Getty images

Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm’s latest annual report shows.

The software and cloud computing firm says it had around 141,000 full-time employees as of 31 May 2026, down from about 162,000 workers at the same time last year.

The “deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” the report says.

The cuts, which amount to about 13% of Oracle’s workforce, are part of a wider trend among tech firms as they spend hundreds of billions of dollars on building AI infrastructure like data centres.

Business

Dettol apologises after ad to clean up ‘toxic men’ backfires in China

The advert sparked an uproar on the Chinese internet, with some users saying it objectifies women and others calling for a boycott of the brand.

Published

14 hours ago

June 23, 2026

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24 Views

British hygiene brand Dettol has apologised for an advert in China that it claims was meant to call out sexism, but has instead backfired.

The five-minute long advert for a multipurpose disinfectant, styled like a micro drama, starts out with a man looking for a partner who is “clean” and “not tainted by other men”.

A plot twist comes late in the advert when his new girlfriend calls him out for his misogyny and breaks up with him. Dettol is then presented as the solution against “toxic men [who] are just like bacteria”.

The advert sparked an uproar on the Chinese internet, with some users saying it objectifies women and others calling for a boycott of the brand.

Dettol said the advert, which has been removed following the backlash, was intended to criticise gender stereotypes, but that snippets of it that later circulated online distorted its core message.

“We recognise that it has offended many people, especially women. We take responsibility for any negligence in creating and reviewing the content of the advert,” Dettol said in a statement on Monday.

The company also said it would review its content moderation processes.

( BBC)