Industry
15 Jan
Intra-African trade’s value has declined to $190.9 billion, demonstrating persistent challenges the regional economies continue to face in trading with one another under the continental common market, blamed on both tariff and non-tariff barriers.
15 Jan
The Minister of State for Industry, John Uwan-Enoh, has stated that the under-development of Nigeria’s cocoa industry is a direct result of its politicisation, lamenting the underdevelopment of the cocoa industry despite the country’s abundance of cash crops.
8 Jan
The Central Bank of Nigeria (CBN) has reported that the country’s non-oil exports have increased by 19.23 per cent to $0.62 billion in October 2024, from $0.52 billion in September 2024.
8 Jan
The President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has projected moderate growth for the real sector this year on revamped infrastructure and better access to foreign exchange.
8 Jan
Amid firms’ exit, stakeholders have charged manufacturers to put in place new measures and cost optimisation strategies to support their growth. Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf
8 Jan
With approximately 30 per cent of the world’s mineral reserves, including cobalt, lithium and nickel, African countries need to exploit these resources to drive their development, particularly trade and industrialisation, experts have said.
3 Jan
Drop Innovations Limited has said that it’s dedicated to transforming transportation across Nigeria and beyond by offering efficient, safe, and customer-centric services.
1 Jan
Earlier this year, the Presidential Committee on Tax Reform, chaired by Taiwo Oyedele, proposed four separate bills to modernise the country’s tax system and align it with global best practices.
25 Dec
The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has stressed the need for government partnership on legal reforms and policy directions to ensure the longevity and profitability of businesses.
25 Dec
Managing Director of Pernod Ricard Nigeria, Michael Ehindero, has called for better upcycling practices to boost job creation and economic development. Speaking at this year’s edition of the Jameson Christmas tree lighting ceremony
25 Dec
Lagos and Enugu state Governments have emerged as strategic partners of the Commonwealth Enterprise and Investment Council (CWEIC). This was disclosed in Lagos by the Chief Executive Officer (CEO) of CWEIC, Rosie Glazebrook.
25 Dec
Epileptic electricity supply, inadequate transportation networks, and insufficient water and sanitation facilities have been identified as impediments to the development and operational efficiency of industrial parks in Africa.
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.