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UK manufacturing output on fastest fall since 2020

UK’s manufacturing output volumes fell at the fastest pace since mid-2020 in the quarter to December amid weak demand, according to the Confederation of British Industry’s (CBI) latest Industrial Trends Survey (ITS).  Manufacturers expect another steep drop in output over the next three months, the survey also suggested. The total and export order books deteriorated sharply […]

Economic disadvantages of private air strips

By Dele Sobowale “History does not repeat itself; man does.” Barbara Tuchman, Harvard University Historian. The Minister of Aviation, Festus Keyamo, is adamant that the licence given to a private organisation/individual will not be revoked. In that statement, the Minister betrays ignorance four ways, historical, social, security and economic – as will be shortly explained. But, […]

MAN condemns sealing of factories in Lagos

•Seeks Gov Sanwo-Olu’s intervention  The Manufacturers Association of Nigeria (MAN) has condemned the sealing of some factories in Lagos by the Lagos State Water Regulatory Commission (LASWARCO) over allegations of non-compliance with water abstraction regulations.  In an open message to Governor Babajide Sanwo-Olu on Friday, the Director General of MAN, Segun Ajayi-Kadir, said the association was […]

$50bn FDI can crash inflation to 5%, says Teriba

A renowned economist, Ayo Teriba, has said that if the federal government is able to attract $50 billion worth of foreign direct investment (FDI) into Nigeria, the country’s inflation rate can be brought down to 5 percent by 2025. Teriba, who is also the Chief Executive Officer of Economic Associates (EA), speaking on a Television programme, […]

VAT reform to reduce manufacturing cost by 3.3% – Oyedele

Stories by Yinka Kolawole  The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has said that the proposed Value Added Tax (VAT) reform will reduce the cost of manufacturing by about 3.3 percent when implemented. Oyedele disclosed this in a post titled, ‘Impact of Proposed VAT Reform on Cost Budget’, adding that the proposed VAT has […]

From souvenirs to sustainability: How Oyinkansola Odiase’s ‘The Gift Sorter’ is redefining gifting in Nigeria”

Gift-giving in Nigeria is more than just a tradition; it’s a heartfelt expression of connection, culture, and care. Oyinkansola Odiase, the visionary behind The Gift Sorter, has taken this cherished practice and turned it into a thriving business that combines personalization, sustainability, and thoughtfulness. What started as a passion for creating meaningful gifts has grown […]

Competition between Dangote, NNPC, reason for petrol price drop — IPMAN

By Udeme Akpan, Obas Esiedesa & Samuel Oyadongha Independent Petroleum Marketers Association of Nigeria, IPMAN, has attributed the fierce competition between Nigeria’s two refineries owned by Dangote and NNPC Limited for the recent drop in the pump price of premium motor spirit, PMS, also known as petrol. Checks by Vanguard yesterday showed that most petrol […]

Why UniAbuja is yet to have a substantive vice chancellor – Prof Kari

By Joseph Erunke The University of Abuja has been enmeshed in succession crisis since March, this year. The development which began six months prior to the expiration of the tenure of outgone vice chancellor, Prof. Abdulrasheed Na’Allah, has left the university without a substantive vice chancellor. The Dean of Students’ Affairs of the university, Prof. […]

Naira’s free fall threatens 2025 fiscal plan

A tough fiscal year 2025 appears to be underway following the tall order in currency valuation which may restrict the capacity of the Federal Government to fund the new budget.

Lagos named most outstanding state in sports devt for 2024

A Nigerian news channel, ARISE TV, has expressed satisfaction with Lagos State’s commitment to sports development, saying Governor Babajide Sanwo-Olu has promoted sporting excellence, innovation and community engagement. The news channel stated this while announcing that Lagos earned the title of Most Outstanding State in Sports Development for 2024 by ARISE TV. The announcement, made […]

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