Industry
5 Feb
The Coca-Cola System in Nigeria, comprising Coca-Cola Nigeria Limited and the Nigerian Bottling Company (NBC), has commissioned a packaging collection hub in Apapa, Lagos.
5 Feb
The Executive Director of the Nigeria Export Promotion Council (NEPC), Nonye Ayeni, has credited the $5.456 billion contribution to economic diversification last year, a significant increase of 20.77 per cent compared to $4.517 billion recorded in 2023, for the growth of the non-oil sector.
5 Feb
The Federal Ministry of Industry, Trade and Investment (FMITI) has unveiled a regulatory impact analysis (RIA) framework to enhance the business regulatory landscape and drive economic transformation.
5 Feb
The Federal Government said it would launch a new initiative that would allow small and medium enterprises (SMEs) to easily access loans. This was disclosed by the Minister of State for Industry, Trade, and Investment, John Enoh,
29 Jan
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has stressed the need for Nigeria to lead the way in digital trade and Africa’s economic growth.
29 Jan
To support micro, small and medium enterprise (MSME) growth, the government must facilitate access to affordable funding by collaborating with financial institutions to develop MSME-friendly loan products with lower interest rates and simplified application processes.
29 Jan
The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, said Nigerian companies have not benefited much from the African Growth and Opportunity Act (AGOA) since it came into effect.
29 Jan
This year, the country’s economic growth will be sluggish and marginal due to dwindling productivity in critical economic sectors like manufacturing and agriculture and low investment levels.
22 Jan
The Lagos Chamber of Commerce and Industry (LCCI) has expressed disappointment over the delayed implementation of the zero-duty food importation policy, especially in light of a recent shipment of 32,000 tonnes of brown rice from Thailand.
22 Jan
The Secretary-General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, has reaffirmed his commitment to eliminating intra-African trade and investment barriers.
22 Jan
Founder of BAA Consult Limited, Dr Biodun Adedipe, has noted that a major reason the economy is struggling is because its growth is largely driven by the services sector rather than the real sector.
15 Jan
The dearth of key infrastructure in several sectors of the economy has continued to limit Nigeria’s growth potential and worsened the state of local manufacturing, a sector faced with many problems.
1 day ago
Transnational Corporation Plc, Nigeria’s leading listed conglomerate, has announced its financial results for the year ended December 31, 2024. Consistent with its track record, the Group sustained its strong growth trajectory across its financial indicators, reinforcing its market leadership and strategic positioning. In its audited results, Transcorp reported significant year-on-year growth, with a revenue of…
1 day ago
As part of efforts towards achieving clean energy and industrial diversification, the federal government has set a target to ensure that at least 30 per cent of locally produced vehicles in Nigeria are electric. Minister of State for Industry, Trade, and Investment, John Uwan-Enoh, disclosed this yesterday at the unveiling of Africa’s largest locally assembled…
1 day ago
JMG Limited, a leading provider of electro-mechanical solutions in Nigeria, joins the global community in celebrating World Engineering Day for Sustainable Development, emphasising the critical role of engineers in advancing the Sustainable Development Goals (SDGs).
1 day ago
The Nigerian Maritime Administration and Safety Agency (NIMASA) has called on the government of Denmark to advocate for a reduction in war risk insurance premiums on ships bound for Nigerian ports, citing the significant improvements in maritime security in the Gulf of Guinea.
1 day ago
Every year, over 280 million tyres reach the end of their useful life globally, with only a fraction—around 30 million—being retreaded or reused. The remaining 250 million scrap tyres often end up in landfills or illegal dumpsites
1 day ago
No fewer than 30 per cent of Nigeria’s 24 million registered Micro, Small, MediumEnterprises (MSMEs) shut down between 2023 to 2024, the Nigerian Economic Summit Group (NESG) has said.
1 day ago
In commemoration of International Women’s Day, Nestlé Professional, an arm of Nestlé Nigeria, has successfully hosted the 10th edition of its Business of Food workshop in Benin.
1 day ago
A top research and marketing intelligence firm, Stonehill Intelligence & Marketing Limited is reinforcing its commitment to delivering high-quality, data-driven insights to businesses across Nigeria.
1 day ago
Industry leaders, policymakers, and financial experts have called for a more robust fiscal policy framework to enhance the development of gas and other infrastructure in the country.
2 days ago
The Federal Government has launched a national electronic register to give real-time access to information about the assets owned by the government to attract more investments to the country.