Business

Imports choke textile industry, rise to N1.1trn in two years

Imports choke textile industry, rise to N1.1trn in two years

Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated efforts to revive the oncethriving local textile industry.
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Transportation in Lagos State 2015 – 2019

Transportation in Lagos State 2015 – 2019

This is the fourth part of a series stating what Lagos State residents expect from their next governor. The Lagos Metropolitan Area Transport Authority, LAMATA, has produced a master plan covering land and water transport for the period up to 2020. We shall first consider projects that are not included in this master plan.

NSE, CBI launch corporate governance rating system

NSE, CBI launch corporate governance rating system

The Nigerian Stock Exchange (NSE) with the Convention on Business Integrity (CBI) have launched the foremost Corporate Governance Rating System (CGRS) in Nigeria The Corporate Governance Rating System (CGRS) is designed to rate companies listed on the NSE based on their corporate governance and anti-corruption culture, thereby improving the overall perception of and trust in Nigeria’s capital markets and business practices.

NSE market indices drop by 1.6%

NSE market indices drop by 1.6%

The market indices of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 1.6 per cent due to profit-taking embarked upon by investors.