Industry

• Warn operators against under-pricing risks for growth For the nation’s insurance industry to contribute significantly like other sectors of the economy to the Gross Domestic Product (GDP), there is a need for the sector players to address the issue of rate-cutting among underwriting firms in the country. The under-pricing of insurance policies in the…

The Kaduna State Government has commended the management of Arla Foods Nigeria for its investment on the Arla Farm project, which would contribute to the sustainable development and improvement of milk and dairy production in Nigeria.

With the official confirmation of Wale Adeniyi as the Comptroller-General (CG) of Nigeria Customs Service (NCS), the Centre for the Promotion of Private Enterprise (CPPE), has urged him to prioritise trade facilitation and remove all non-tariff barriers to trade in order to boost Nigeria’s Gross Domestic Product (GDP) and revenue generation at the gateways.

Experts drawn from different sectors of the economy have expressed concern over the rapid demise of Micro, Small and Medium-sized Enterprises (MSMEs), adding that major challenges in the country’s business environment have prevented many small businesses from hitting the five-year mark.

With Africa being regarded as the world’s fastest-growing continental economy and its business-to-business market fundamental to this boom, B2B expenditure in the continent’s manufacturing landscape is projected to reach $666.3 billion by 2030

A public affairs advisory firm, Thekla Advisory, has urged restraint on the recent visa policy review announcement by the Minister of Interior, Hon. (Dr.) Olubunmi Ojo, during a press conference held on October 4th, 2023. During the event, the Minister expressed concern about the failure of some countries to reciprocate Nigeria’s visa-on-arrival policy and declared…

President, West Africa Specialty Coffee Association (WASCA), Larry Segun-Lean, has decried Nigeria’s dwindling coffee and tea exports, a situation he described as extremely worrisome. He said despite the nation’s large economy and huge population...

Manufacturing, a major aspect of any nation’s economy, is a key driver of economic transformation and industrialisation, capable of generating employment, fostering intra-African trade, technological advancement and reducing poverty.

As part of efforts to facilitate bilateral trade and investments between Nigeria and the U.S, a delegation of investors from the United States of America have expressed optimism about the various opportunities that abound in the country. The investors, a part of the USAID-sponsored American Institutional Investor Reverse Roadshow, spoke at a meeting hosted by the Consul General…

Chief Executive Officer, Guinness Nigeria Plc, John Musunga, has again reiterated that the company has no plan to leave the country and is rather looking to increase its capital investments and expanding production capacity. He added that they are doing this with a recently acquired land just behind their present manufacturing plant in the Ikeja…

From all indications, Nigeria may likely fail in its bid to commence trading in the African Continental Free Trade Area (AfCFTA), under the Guided Trade Initiative (GTI). This is because not all the requirements have been met yet. Nigeria had missed the former commencement date two months ago and now, is on the verge of…

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN) on its removal of the restrictions on 43 items previously banned and the decision to raise dollar supply to meet the demand pressure. President of the association, Michael Olawale-Cole, said the commitment of CBN to offset the forex backlog…