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 […]
Hardware dealers to quit Idumota over unfriendly business environment
OVER 2,550 traders under the umbrella of Tools and Hardware Dealers Association of Nigeria (TAHDAN) have concluded plans to move their businesses from Idumota area of Lagos Island to the Lagos International Trade Fair Complex, Badagry Express Way, due to unfriendly business environment.
IPMAN acquires 1,000 hectares for $3bn refineries in Kogi, Bayelsa
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday announced its commitment to provide leadership in establishing private refineries.
FG to privatise airports soon
The Director-General, Bureau of Public Enterprise, Mr Benjamin Dikki, said in Abuja that the privatization of federal airports in the country would commence soon.
Youth restiveness and unemployment in Nigeria: the way out part 2
Minister for Agriculture, Dr. Akinwumi Adesina noted that Nigeria’s unemployment rate is spiralling upwards, growing at 11 per cent yearly, According to him “Youth unemployment rate is over 50 per cent. Our unemployment rate is spiralling, driven by the wave of four million young people entering the workforce every year with only a small fraction able to find formal employment.
Union Bank boss calls for proactive strategies against e-fraud
Group Managing Director of Union Bank Plc, Mr. Emeka Emuwa, has called for proactive strategies to tackle the rising problem of electronic fraud (e-fraud).
