Industry
15 Jun
The wide trade deficit in Nigeria has a huge consequence especially for the foreign exchange (FX) market and employment creation. The country, with enormous unemployment and FX challenges...
8 Jun
The impact of inflation on supply chain and logistics operations has remained evident for several months going back to the middle of 2021 and recently this year, escalated by the war in Ukraine. In a state of reduced supply, companies had to raise their prices, creating the inflationary predicament we are in now.
8 Jun
With local sourcing of raw materials still very low, Nigerian manufacturers have urged the Federal Government to incentivize investment and production through backward integration initiatives.
25 May
International Breweries Plc has said it recorded N1.9bn profit before tax in the first quarter of 2022. The firm said this in a statement on its 2022 first-quarter results.
25 May
Mrs. Rosie Glazebrook is the Chief Executive of the Commonwealth Enterprise and Investment Council (CWEIC). In this interview, she talks about efforts
25 May
Local manufacturers in the country have cited high-level insecurity, rising operating costs and the general manufacturing unfriendly environment as responsible for the low production
15 May
For over a decade, some International Oil Companies (IOCs) that are operating in Nigeria have been divesting their portfolio. Among other things, those affected are eager to leave the shallow water, but still, maintain their businesses in the deep water...
11 May
Local manufacturers under the aegis of the Manufacturers Association of Nigeria (MAN) have expressed apathy about the operating business environment, citing concerns about rising insecurity and production challenges that continue to dim outlook for the second quarter of the year.
11 May
BUA Foods has taken delivery of the first of two shipping vessels to augment its sugar export operations to the West African market, which kicked off earlier this year.
11 May
The Chairman, Phillips Consulting Limited, (PCL), Foluso Phillips, has charged the Nigerian American Chamber of Commerce (NACC) to inspire Nigerians to take advantage of the market in the United States of America (USA), especially in areas where Nigeria have competitive advantage and global competence.
4 May
Cadbury Nigeria Plc, a subsidiary of Mondelēz International, has reported profit of N1.54 billion for the first quarter of the year ended March 31, 2022, representing a growth of over 500 percent, when compared to N242 million realised in the same period in 2021.
4 May
The United Nations Economic Commission for Africa (UNECA) has emphasized the need for trade data to incorporate informal trade in the measurement of intra-African trade in order to get significant value and idea of the true state of affairs among entities.
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