Industry
23 Oct
Organisers of the upcoming sixth edition of the Made in Nigeria Shoe Expo (MINSE 6.0), have revealed that it would bring together critical stakeholders in the leather and textile industry to have meaningful conversations on strengthening Nigeria’s leather ecosystem.
23 Oct
President, Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has urged the Federal Government to make credit available to businesses to support their operations and production lines.
16 Oct
The President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has expressed fear over the continued survival of businesses, saying that rising about 450 per cent hike in prices of fuel since President Bola Tinubu assumed office is a major threat.
16 Oct
In its drive towards total renewable energy transition for two of its breweries, Lagos and Ama, Nigerian Breweries Plc, has signed a power purchase agreement with UK-based energy developer and investor, Konexa.
16 Oct
Insecurity, high interest rates and multiple taxes were the major factors that weakened business activities significantly in September, the Business Expectations Survey (BES) of the Central Bank of Nigeria (CBN) revealed.
16 Oct
The President of the Nigerian-American Chamber of Commerce (NACC), Sheriff Balogun, said the banking sector is a pivotal player in driving sustainable economic and industrial development as well as financial inclusion.
15 Oct
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled plans to streamline operations regulations in the industry into a single document. The proposed 2024 Midstream and Downstream Petroleum Operations Regulations will enable the Authority to reduce the complexities of navigating and implementing numerous regulations in the petroleum industry. The Managing Director of…
9 Oct
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has urged the Federal Government to provide multiple fiscal stimulus and non-cash interventions to cushion the economic burden on businesses and households.
9 Oct
African Export-Import Bank (Afreximbank) has approved a $20.8 million financing facility for Starlink Global and Ideal Limited to enable the company to construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.
9 Oct
With a bold objective to catalyse and streamline industrial transformation in Nigeria and across Africa, the Fund for Export Development in Africa (FEDA), Africa Finance Corporation (AFC) and ARISE IIP have announced a capital raising of $443 million.
9 Oct
The Chief Executive Officer (CEO), Silky Touch Ltd, Victor Okoli, has called on the government to pay more attention and support the survival of small and medium-sized businesses in the country.
9 Oct
Vice President Kashim Shettima has reaffirmed the federal government’s commitment to fostering a strong partnership with the private sector to drive Nigeria’s economic growth and industrialisation.
2 hours ago
Uncertainty in global stock markets sent ripples through the Nigerian Exchange Limited (NGX), last week, prompting a wave of selloffs and causing market capitalisation to fall by N570 billion.
2 hours ago
Rising foreign direct investment (FDI) inflow and fast-growing gross domestic product (GDP) are indicators that the Nigerian economy is regaining its lost grounds faster than anticipated by analysts. With the international finance community
3 hours ago
VFD Group, a leading African financial services conglomerate, has announced a strategic partnership with Arcadia Africa Day, a subsidiary of Utopia Media Group, to support 5,000 women-led small and medium-sized enterprises (SMEs) across Africa.
4 hours ago
Transnational Corporation Plc (Transcorp) has grown profit before tax (PBT) by 132 per cent to N136.7 billion last year, up from N58.8 billion in the previous year.
SPIE empowers local communities with top tier technical training in the oil, gas and energy industry
4 hours ago
In a bid to support community initiatives and develop local workforce in Nigeria, SPIE GLOBAL SERVICES ENERGY LIMITED has put into place a Specialized Process and Maintenance Training Program. This program was launched in 2024
5 hours ago
Canary Point Holding Limited and its subsidiaries have outlined a five-year strategic plan aimed at restructuring its financial operations to enhance productivity, profitability and evolve into a full-fledged commercial bank.
2 days 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…
2 days 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…
2 days 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).
2 days 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.