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22 Apr 2015
In a bid to further boost oil palm production in the country, Presco Oil Palm Plc has unveiled plans to expand its production capacity by building a new refinery.
20 Apr 2015
THE Bank of Industry (BoI) has re-engineered its processes and upgraded its banking application architecture as part of efforts to improve efficiency of its services to customers.
15 Apr 2015
NNIGERIA currently prohibits importation of cement just like several other items. The use of import prohibitions in Nigeria is part of a trade policy regime that seeks to protect existing domestic industries and reduce the country’s perceived dependence on imports. The bans are often justified on the grounds of preventing importation of all products that…
15 Apr 2015
THE Common Market for Eastern and Southern Africa (COMESA) said 385 out of 476 NTBs identified as most restrictive to trade in the region through an online reporting system have been resolved while seven were considered non-actionable. Currently, eight categories of NTBs have been identified as most restrictive to trade in the region. They include…
15 Apr 2015
THE United Nations Conference on Trade and Development (UNCTAD) has advocated the mainstreaming trade into national policies aimed at reducing poverty in least developed countries (LDCs). Indeed, 60 policy makers from 15 least developed countries in Africa came together to discuss mainstreaming trade into national policies aimed at reducing poverty. The workshop, which was part…
15 Apr 2015
TO address logistics challenge in the e-Commerce industry, Red Star Express Nigeria Plc has partnered DealDey to strategically aid online shopping business. With online shopping fast gaining ground in Nigeria, taking up most conventional shopping, the partnership between the firms is expected to further deepen e-Commerce in the country. According to a statement, DealDey, one…
15 Apr 2015
FOR Nigerian industrial firms to surmount some of their technological challenges as well as reduce dependence on importation of machinery and technology transfer, the Bank of Industry has urged stakeholders to promote reverse engineering culture as a viable alternative. According to the bank, over-dependence on technology transfer or importation of industrial machines would further limit…
14 Apr 2015
The United Nations Economic Commission for Africa (UNECA) has emphasized the need for African countries to renew focus on cross-border trade and improve value-chain activities as a means of driving industrialization.
13 Apr 2015
UNION Bank of Nigeria Plc (UBN) said it has deployed the Oracle Flexcube Universal Banking Solution 12.0- a new core banking application aimed at modernising its infrastructure, improve operating efficiency and service delivery.
13 Apr 2015
The audited report of First Bank Holdings Plc for the financial year ended December 2014, showed a gross earnings of N480.6 billion, up 21.3 per cent, compared to N396.2 billion in 2013.
8 Apr 2015
As part of the comprehensive structural economic reforms to strategically reposition the Nigerian economy for industrial revolution and sustainable growth, the federal government in 2014, officially unveiled the Nigeria Industrial Revolution Plan (NIRP). The NIRP was designed to guide the implementation of innovative and positive industrial strategies to deepen and diversify the economy within and away from oil to industrial manufacturing and from import-dependent to an export-led, inclusive economy. Though still undergoing implementation, the emergence of a Buhari administration places doubt on the continuity of projects initiated by the previous administration. Will the NIRP survive continuity? FEMI ADEKOYA
8 Apr 2015
THE Bank of Industry has pledged support for the adoption of smart technology by local manufacturers in order to compete effectively with imported goods.

Latest

2 hours ago
Four bombs ripped through minibuses and a mosque in Afghanistan on Wednesday, killing at least 12 people, officials said.
3 hours ago
The Defend Lagos Coalition, has declared support for Gov. Babajide Sanwo-Olu of Lagos State, on the ban of commercial motorcycles, popularly known as Okada.
3 hours ago
The CBN says online media reports purporting the sacking of the bank’s governor, Mr Godwin Emefiele, is untrue.
4 hours ago
Four governorship aspirants contesting for the ticket of the Lagos State chapter of Peoples Democratic Party (PDP) on Wednesday withdrew from the race. Their withdrawal leaves two aspirants - Dr. Abdul-Lateef Olajide Adediran aka Jandor and Mr. Dacova Vaughan David Kolawole in the contest. Six aspirants were initially in the race to clinch the party's…
4 hours ago
Former Anambra State governor Peter Obi has resigned his membership of the People's Democratic Party (PDP). Obi dumped the PDP days before the presidential primary elections of the party. He was one of the leading presidential aspirants of the PDP alongside former vice president Atiku Abubakar, former Senate president Bukola Saraki, Rivers State governor Nyesom…