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.
FG, Brazil build N144b power plant in Bayelsa
The Federal Government and Benco Energy Limited of Brazil yesterday signed a N144 billion Memorandum of Understanding, MoU, to construct a 700 megawatts power plant in Nigeria.
Communities shut down of Erhoike Flowstation despite negotiated GMoU – NNPC
The Management of the Nigerian National Petroleum Corporation (NNPC) has confirmed the shut-down of the Erhoike flowstation located within the OML 30 operation area in Delta State which belongs to its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), by youth from the host communities.
Unemployment: FG empowers over 500 youths on skill acquisition
In order to reduce the rate of unemployment and forestall non violence, peaceful co-existence among youths in the North-East of Nigeria, the Federal Government has embarked on empowering over 500 youths on skill acquisition.
Nigeria records over $3billion worth of investments in sugar subsection – Aganga
The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, yesterday, disclosed that Nigeria had recorded over $3billion worth of investments in the sugar subsection since the implementation of the Nigeria Industrial Revolution Plan, NIRP.
NPA, Shippers’council on collision course over berth rent
The Nigerian Ports Authority, NPA and Nigerian Shippers Council, NSC, are set for a show down following the recent increase in berth rent by the Port Authority without consultation with the NSC.
