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Odu’a Investment holds 42nd AGM today

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The 42nd Annual General Meeting (AGM) of Odu’a Investment Company Limited (OICL) will be held today at the Oranmiyan Hall, Lagos Airport Hotel Limited, Ikeja, Lagos.

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The recent announcement by the Federal Government to launch the first batch of approximately 5,600 “palliative” compressed natural gas (CNG) and electric vehicles ahead of President Bola Tinubu’s first administration anniversary has sparked debate within the Nigerian automotive industry.

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Stakeholders have urged policymakers to re-evaluate the allocation of over $360 million from the Cabotage Vessel Financing Fund (CVFF) to redefine Nigeria’s maritime industry and set a precedent for strategic investments in shipbuilding.

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A tax expert, Victor Athe, has described tax duplication as a huge disincentive for businesses in the country, stating that it contributes significantly to the poor ranking of Nigeria on the Ease of Doing Business Index.

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Dangote Sugar Refinery (DSR) has announced plans to hit 700,000 metric tons (MT) of sugar in the next four to five years. The figure constitutes 50 per cent of the current demand for sugar in Nigeria. At the company’s 18th yearly general meeting held in Lagos yesterday, the Chairman of Dangote Group, Aliko Dangote, said…

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