Business

Manufacturers deepen local raw materials sourcing, up 11% in 3yrs

Manufacturers deepen local raw materials sourcing, up 11% in 3yrs

By Yinka Kolawole Nigeria’s manufacturing sector recorded a steady increase in the use of locally sourced raw materials between 2021 and 2024, with the share rising from 51.5 per cent in 2021 to 57.1 per cent in 2024, as foreign exchange pressures, naira depreciation and rising import costs pushed manufacturers towards domestic alternatives. Data from […]
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Blocking illicit financial outflow, surest way to financing SDGs

Blocking illicit financial outflow, surest way to financing SDGs

The African Union Commission said that blocking illicit financial outflow from Africa and repatriating the funds were important in financing the Sustainable Development Goals on the continent. The AU Commissioner for Economic Affairs, Dr Anthony Maruping, said this at a news conference at the ninth joint Annual Meeting of the AU Specialised Technical Committee for Ministers of Finance and Economic Planning.

Empowerment: Rotary donates to needy, commissions classroom

Empowerment: Rotary donates to needy, commissions classroom

The Rotary Club of Isolo has empowered about 20 persons with tools and equipment to further enhance local output and encourage entrepreneurship among people living within Isolo community, commissioning a one block of two classrooms at the Isolo Comprehensive Senior High School, Alabe.

‘Those blaming FG for naira depreciation are ill-informed’

‘Those blaming FG for naira depreciation are ill-informed’

Worried by the prevailing hash economic situation in the country, the Managing Director of Kuka Consumer Healthcare Limited, an indigenous pharmaceutical company, Chris Ukah, has appealed to Nigerians to support efforts of the President Muhammadu Buhari – led government so as to put the nation’s economy on the path of sustainable recovery.

Buhari’s business is to make his team buy into his vision – Olugbodi

Buhari’s business is to make his team buy into his vision – Olugbodi

Peeved with the call for another economic conference in Nigeria, Yinka Olugbodi, the chief consultant, Team Building International (TBI), a training and development organisation, in a chat, reiterates the need for President Muhamadu Buhari to engage his presidential team through management retreat in order to achieve the change he envisages