The Nigerian Content Development and Monitoring Board (NCDMB) has said over 420 metric tons of pipes are now manufactured in Nigeria annually.
 
The Executive Secretary of the board, Engr Simbi Wabote, who disclosed this yesterday while declaring open a sensitisation programme for law enforcement agencies in Yenagoa, Bayelsa State, said previously, that the production in the oil and gas industry was left to the exclusive preserve of the international oil companies. “Today, we are able to manufacture pipes in the country, about 420 metric tons of pipes are manufactured in-country..."
 
More details at:
https://dailytrust.com/nigeria-produces-over-420-tons-of-pipes-annually-ncdmb

Following a declaration of $489 million earned from the bid processes and issuance of Petroleum Prospecting Licence (PPL) for 57 marginal oil fields, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is now pushing awardees to swiftly explore the fields and begin crude oil production in at most six years.
 
With the issuance of the licences, the winners of the awarded oilfields can now move to site for preliminary prospecting activities.
 
The NUPRC at the ceremony said about $482 million was raked in from the 57 oilfields to the coffers of the federal government, with another $7 million in signature bonuses and others, totalling $489 million.
 
More details at:
https://dailytrust.com/fg-earns-n203bn-from-57-oilfields-pushes-for-crude-drill
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The Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar, has announced that Nigeria would partner with the Brazilian government on the supply and distribution of 10,000 tractors to farmers across the country.
 
He stated that the partnership with Brazilian counterparts would ensure the provision of 10,000 units of tractors, 50,000 units of assorted implements and equipment for assembly in Nigeria, 142 turnkey factories for agro-processing as well as training of the project beneficiaries over a period of five years.
 
The minister gave the indication at the opening ceremony of Africa’s Agricultural machines and equipment technology expo on industrialising Africa’s agriculture through technology and innovation that was held in Abuja recently.
 
More details at:
https://www.thisdaylive.com/index.php/2022/06/28/fg-partners-brazil-to-mechanise-nigerias-agricultural-sector/ 

The European Union (EU) is looking into strengthening its trade relations with Nigeria through exploring further partnership opportunities to ramp up the €28bn (N12.2trn) trade volume with Nigeria.
 
Out of the €28bn, €26bn (N11.5trn) is in favour of Nigeria as the EU said it remained the largest trading partner with Nigeria.
 
The EU Head of Delegation to Nigeria and ECOWAS, Ambassador Samuela Isopi, disclosed this in Lagos while briefing newsmen on the 8th edition of the EU-Nigeria Business Forum taking place in the nation’s commercial capital between June 30 and July, 2022.
 
More details at:
https://dailytrust.com/eu-moves-to-boost-n12-4trn-trade-with-nigeria
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South African-based pay-TV operator MultiChoice Group’s full-year 2022 results showed Nigeria leads the Rest of Africa (RoA) in the percentage of subscription revenue and YoY subscription growth.
 
The result revealed that Nigeria ranked first with YoY subscription growth of 11% and 43% of total subscription revenue in full-year 2022 compared with Kenya, Zambia and Angola.
 
The company said it generated a subscription revenue of ZAR 7.1 billion ($475.5 million) from Nigeria alone representing a 5% increase year on year. It reported subscription revenues of ZAR6.8 billion in the same period last year.
 
More details at:
https://dailytrust.com/multichoice-reports-n196-3-bn-in-subscription-revenue-from-nigeria
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The company’s goal is to achieve the capacity to produce 1.5 million tonnes of refined sugar annually from sugarcane plantations covering more than 150,000 hectares of land across a number of sites in Nigeria.
 
The first phase of the project is at an advanced stage with the rehabilitation and expansion of Dangote Sugar, integrated sugar estate at Numan, in Adamawa State. It also involves the reintroduction of a robust out-growers scheme and the charting of sustainable community relations and development initiatives guided by consultations and engagements with the local communities. The Dangote Sugar Refinery (DSR), Numan, is therefore targeting to produce 9,800 metric tonnes of sugar per day at the end of the current expansion project on-going in the company.
 
More details at:
https://dailytrust.com/self-sufficiency-dangote-sugar-on-course-to-deliver-9800mt-per-day-in-numan

Nigeria has a mini power grid market that is worth $9 billion annually, which is the largest in the world, the CEO of PyroGenesys Ltd, Simon Ighofose, has said.
 
Citing a survey by the African Development Bank (AfDB), Ighofose said, “51 per cent of the Nigerian population lives in rural areas far from the national grid. This means there are over 80 million people in Nigeria’s rural areas without access to power.
 
He also noted that Nigeria produced 25 tons of cassava, rice and maize wastes yearly which can generate 18 terawatts hour of renewable energy equivalent to 2000 megawatts daily.
 
More details at:
https://dailytrust.com/nigeria-has-n3-2tr-mini-grid-market-largest-globally
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Fan Milk, a Danone Company, makers of frozen dairy and ice cream brands, including Super Yogo and Fan Vanille, is set to unveil its newly completed model dairy farm in Odeda, Ogun State on Tuesday.
 
According to the company’s Managing Director, Mr Ferdinand Mouko, the company intends to bring the expertise of its parent company, Danone, to the fore.
 
He explained the company decided to embark on this project to contribute to the Central Bank of Nigeria’s (CBN) backward integration policy for the improvement of local milk production and to support the Federal Government’s economic recovery growth plan which aims to improve food self-sufficiency in the country.
 
More details at:
https://thenationonlineng.net/fan-milk-to-commission-model-dairy-farm-in-ogun
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Foremost automobile dealer and sole representative of the Renault brand in Nigeria, Coscharis Motors Plc, has announced plans to increase assembling variants of the Renault brand locally while also wooing customers with the offer of a free service voucher worth $357 only for every Renault vehicle purchased from the company.
 
Making the announcement during the recently concluded Lagos Motor Fair, the General Manager, Marketing & Corporate Communications, Coscharis Group, Abiona Babarinde, said, “Currently, we are still assembling two variants of the Renault brand locally, at our assembly plant in Awoyaya, Lagos, namely Logan and Duster respectively. Clearly, we have the capacity to add more variants to our local assembly line and hope that the time will soon come...
 
More details at:
https://punchng.com/coscharis-motors-to-increase-assembling-variants-in-nigeria/

Nigerians and other nationals within Nigeria spent $7.8 billion on airtime, data, and other telecommunication services in 2021, according to the Nigerian Communications Commission.
 
This is a 12.74 per cent increase from the $7 billion that was spent in 2020 and a 31.55 per cent increase from the $6 billion that was spent in 2019, reflecting a sustained increase in the relevance of telecoms services.
 
A report titled, ‘2021 Subscriber/Network Data Annual Report,’ by the NCC said, “Finance – This collation was based on the submissions received from service providers. It indicates that the total revenue in the sector recorded was $7.8 billion.”
 
More details at:
https://punchng.com/nigerians-spent-n3-25tn-on-airtime-data-others-in-2021-ncc/
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