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 […]
Stock market: SEC pledges to deepen retail investors’ participation
In its determination to develop and strengthen the Nigerian capital market, the Securities and Exchange Commission, SEC has pledged to deepen retail investors’ participation in the market.
Jumia, FirstBank partner to drive online shopping
Nigeria’s online retailer, Jumia.com and FirstBank of Nigeria Limited has entered into partnership to enable online shoppers with FirstBank Naira credit cards to shop on the Jumia website and pay later in installments.
Kanayo seeks unified laws in hospitality industry
Chairman, Board of Directors, National Institute for Hospitality and Tourism (NIHOTOUR), Chief Kanayo O. Kanayo, has advised the Federal and state governments to have unified laws guiding operation of hospitality businesses in Nigeria.
Review tax policy on REITs, FSDH Asset tells FG
The Federal Government has been called upon to discontinue the imposition of certain taxes on Real Estate Investment Trust, REIT, as this will ensure the growth and success of the REITs as an asset class.
Unemployment hindering Nigeria’s growth potential — NIM
The Nigerian Institute of Management has lamented the rising unemployment situation in the country, saying it is undermining the country’s growth potential.
