Industry
21 Mar
With the belief that small businesses remain the pillars of not just Nigeria but the global economy, over 40,000 small businesses will be empowered through skills and knowledge through a series of online...
21 Mar
The Managing Director, FAE Ltd, Princess Funlayo Bakare-Okeowo, said no matter the rate of digitalisation, the development could never eliminate the need and use of paper.
13 Mar
Global merchandise trade could start to show some modest gains in the first quarter of 2024 after a weak performance last year, the World Trade Organisation (WTO) Goods Trade Barometer report has revealed.
13 Mar
In a bid to boost local production, ensure food security and turn Nigeria into a major food processing hub in Africa, GB Foods has announced a significant expansion of its investment in the country with an integrated tomato processing plant and expanded farm facilities in Gafara, Ngaski Local Government Area of Kebbi state.
13 Mar
To address the challenges posed by foreign exchange (FX) scarcity, CEO and Co-founder, SeamlessHR, Emmanuel Okeleji, has urged local businesses and industries to consider leveraging local software as a service (SaaS) solutions.
13 Mar
To sustainably solve the problem of inadequacy of sourcing raw materials for local manufacturing, the Minister for Science, Innovation and Technology, Uche Nnaji, said raw materials development and research must receive better funding and priority going forward.
7 Mar
Despite the African Continental Free Trade Area (AfCFTA) being ratified in almost all African countries, intra-trade within the continent is still very poor, a report by the Economic Commission for Africa (ECA) has revealed.
7 Mar
National Institute of Credit Administration (NICA), has again reiterated the essence of a well-functioning consumer credit system, which facilitates the acquisition of goods and services on credit, thereby diminishing the dependency on cash transactions.
7 Mar
Industry stakeholders have expressed deep concern over the recent introduction of the Expatriate Employment Levy (EEL) by the federal government, saying the country may be perceived as hostile.
28 Feb
Lagos State Governor, Babajide Sanwo-Olu, has reiterated his administration’s commitment to creating an attractive environment for investment, particularly multinationals from the United States and the rest of Africa.
28 Feb
Stakeholders have described the lifting of economic and trade sanctions, previously imposed on Mali, Niger and Burkina Faso, as a good step in the right direction and urged that trading activities resume immediately
28 Feb
In sharp contrast with prior optimistic outlooks on US-Nigeria economic relations, Nigeria observed a dramatic 88 per cent fall in its foreign capital intake from the United States during the last quarter of 2023, according to the National Bureau of Statistics (NBS).
12 hours ago
A foreign investor at TLG Capitals, Isaac Marshall, has attributed the naira gain to the decision of the Central Bank of Nigeria (CBN) to clear the FX backlog. Nigeria's foreign exchange (FX) reserves have fallen to a six-year low, Marshall said in a statement on his LinkedIn account on Thursday. He stated that this decline…
18 hours ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
18 hours ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.
18 hours ago
Inflation in Nigeria is reaching its peak now and will decelerate toward the middle of the year, Director-General of the Budget Office of the Federation, Ben Akabueze, has said.
18 hours ago
Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange (FX) losses and part of its local bank debt facility.
18 hours ago
The International Renewable Energy Agency (IRENA) is seeking a new approach to energy security amidst geopolitical concerns and a push from fossil fuels.
18 hours ago
The Chartered Institute of Bankers of Nigeria (CIBN) 2024 yearly lecture, slated to take place on April 23, at the Civic Center, Victoria Island, Lagos, has its theme as "Improving Availability of Credit in the Nigerian Real Economy: The Critical Importance of Liquidity."
18 hours ago
The International Agro Original Equipment Manufacturers (OEM) has called for the exemption of all agriculture equipment from all forms of taxes, import duties, Value Added Tax and other levies for at least two years to enable Nigeria to become self-sufficient in food production.
18 hours ago
The Organised Private Sector (OPSN), comprising top Business Membership Organisations (BMOs), has warned that over 65 per cent of private businesses, especially manufacturing concerns and SMEs, may be forced to close down due to the over 200 per cent hike in electricity tariff. The BMOs, comprising the Manufacturers Association of Nigeria (MAN), National Association of…
18 hours ago
Wema Bank has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.