Members of the Organised Private Sector (OPS) have urged the National Assembly and the Federal Ministry of Finance to suspend plans to impose excise duty on any segment of the Nigerian manufacturing sector. Specifically, they raised concerns about the proposed the re-introduction of excise duty on the production of soft drinks in the country Economist…
A vast majority of Nigerian manufacturers have expressed concerns about the prevailing operating environment, noting that multiple taxation and over-regulation are hurting the productivity of their enterprises.
Despite dominating in unprocessed agricultural exports, the latest report of the Africa Agriculture Trade Monitor (AATM) has shown that Africa’s trade competitiveness continues to be limited by both domestic factors—such as low agricultural...
Global dairy cooperative, FrieslandCampina, has flagged off a series of activities to celebrate its 150th anniversary with a commitment to sustain investment in the Nigerian dairy value-chain.
Though Nigeria’s latest Gross Domestic Product (GDP) growth appears to have been driven by the non-oil sector, especially trade and transport sector, there are concerns by local manufacturers on the lingering infrastructure....
BUA Group is set to commence the construction of a 2,000tonnes/day Plaster of Paris (Gypsum Powder) production plant. This was made known during the signing of an agreement between BUA...
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has urged the government to provide adequate infrastructure nationwide for speedy growth of Small and Medium Enterprises (SMEs).
Professionals in the supply chain industry have expressed concerns about the poor state of Nigeria's infrastructure, noting that many manufacturing concerns are relocating, while some have remained idle due to delays from port congestion.
The Onitsha Chamber of Commerce, Industry, Mines and Agriculture (ONICCIMA) has urged the Federal Government to be wary of its tolling policy, especially as it relates to the re-introduction of toll gates...
The Guardian's special focus on 10 most innovative, value-driven credit and loan, fintech firms in Nigeria
Nigeria is a highly business-oriented economy with an estimated 37 million micro, small and medium-sized companies (MSMEs). The entrepreneurial economy contributes roughly 48% of the country’s gross domestic product and employs over 60 million people, making Nigeria the largest economy in sub-Saharan Africa. Meanwhile, financial risk is one of the major risks facing owners of…
Notwithstanding the need to ensure that markets remain open and predictable, the World Trade Organisation (WTO) has warned that failure to ensure wider access to COVID-19 vaccines could undermine the global economic and trade recovery.
The Manufacturers Association of Nigeria (MAN) has decried the 10 per cent contribution of the manufacturing sector to the Gross Domestic Product (GDP), attributing the trend to low industrialization of the country.