NPA upgrades harbour operations to reduce vessel Turn Around Time
IN a bid to become more competitive amongst ports in the West African Sub-region, the Nigerian Ports Authority, NPA, has commenced an aggressive moves towards infrastructure and equipment renewal, with the upgrading of its Control Tower to enhance communications with visiting vessels and reduce vessel turnaround time.
Fuel Subsidy removal: Experts identify pensioners, state workers, others as beneficiaries
Economic experts have identified pensioners and state workers and others as groups that will benefit immediately from the removal of fuel subsidies.
World Bank: Nigeria’s economic growth too slow to reduce poverty
The World Bank, yesterday, warned that Nigeria’s economic growth is too slow to address the challenge of extreme poverty in the country.
MSMEs: Thriving under rising cost of doing business in Nigeria
It is no longer news that cost of doing business in Nigeria today is on steady rise given the inflationary pressures that has been in the economy for several consecutive months now. Added to this pressure now is the over 260 percent jerk-up in energy cost last week and many analysts predict that the spill over effect will happen in the next few weeks or even days as rise in transport cost takes immediate effect.
Nigerian Breweries to acquire 80% stake in Distell Wines
Nigerian Breweries Plc has concluded plans to acquire 80% stake in Distell Wines and Spirits Nigeria Limited as part of efforts to capture significant growth opportunities in the wines and spirits segment of the brewing industry.
Manufacturing sector contributes 9% to GDP in 5yrs
The manufacturing sector recorded an aggregate contribution of N32.346 trillion to the Nigerian economy over the past 5 years spanning 2018 to 2022, available statistics have shown.
