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 […]
Oil companies distribute 277m litres of petroleum products
The Nigeria National Petroleum Corporation (NNPC) Retail Limited and independent petroleum products marketing companies distributed about 276.90 million litres of various petroleum products in the 36 States and the Federal Capital Territory (FCT) in September 2014.
Why you are not investing
There is a saying that, it is the man that has eaten full that spends money to take pictures. It is good to enjoy some moment of relaxation, but it should not be at the expense of securing your future financially. You should not be spending money on frivolities when you have not ensured that you have put something aside to secure your tomorrow.
FMC Technologies to provide subsea equipment for Chevron’s Agbami 3
A leading global provider of technology solutions for the energy industry, FMC Technologies has received an order from Star Deep Water Petroleum Limited (a subsidiary of Chevron), operator of the Agbami field, to provide subsea equipment for operations in the field, offshore in the country.
Firm unveils online funding platform for social campaigners
Gboza Gbosa Technology Limited has announced the launch of SpeaksForUs which provides social campaigners with the ability to raise funds for their cause using targeted crowdsourced ecommerce.
Nigeria’s earnings to drop on oil fall — Aganga
“ The new tariff which the ministry is proposing is still at 10 percent but even with that, really, we can survive at 10 percent but for us to be competitive, like Oliver Twist, we are asking for a reduction to five percent.”—Olusegun Aganga
