By Nkiruka Nnorom The Federal Government has commenced moves to address fiscal and policy bottlenecks undermining Nigeria’s paper manufacturing industry, as part of efforts to boost local production, create jobs and reduce the country’s dependence on imported educational materials. Minister of State for Industry, Senator John Enoh, disclosed this during a factory tour and stakeholders’ […]

“Our findings showed that some of the suspects were in contact with the abductors through telephone conversations”

By Yinka Kolawole The African Development Bank Group has approved a $200 million financing facility for the Bank of Industry (BoI), aimed at boosting industrial growth and strengthening private sector productivity across key sectors of the Nigerian economy. AfDB disclosed this in a statement, noting that the facility would provide medium- and long-term financing support […]

The Nigerian naira recorded a slight depreciation against the United States dollar across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market on Tuesday, May 19, 2026, amid continued demand pressures in the foreign exchange market.

…As Nigeria’s cotton output crashes by 95% By Yinka Kolawole The Federal Government has intensified efforts to revive Nigeria’s Cotton, Textile and Garment, CTG, industry, following a 95 percent decline in the country’s cotton production from about 200,000 metric tonnes in 2001 to roughly 10,000 metric tonnes in 2025. Minister of State for Industry, Senator […]