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 […]
Niger Republic to handle IRS plane crash investigation
Acting Director General of the Nigerian Civil Aviation Authority, NCAA, Engr. Benedict Adeyileka has revealed that the investigations into the IRS plane crash will be handled by the civil aviation authority of Niger Republic.
Capital importation peaks at N3.42 trn in 2013, says NBS
The National Bureau of Statistics (NBS) has said that Nigeria’s capital importation stood at 21.3 billion dollar (N3.42 trillion) in 2013. The figure is higher compared to the 11.2 billion dollar (N1.80 trillion) and 5.7 billion dollar (N917.70 trillion) recorded in 2008 and 2009, respectively.
May & Baker plans N3bn fresh capital injection
May & Baker Plc has disclosed plans to raise at least N3 billion from the capital market to boost its working capital.
NBCC sees £20bn trade between Nigeria, Britain
The Nigerian British Chamber of Commerce, NBCC,has said that it expects trade between Nigeria and Britain to hit £20 billion within the next five years.The Nigerian British Chamber of Commerce, NBCC,has said that it expects trade between Nigeria and Britain to hit £20 billion within the next five years.
Discovery Air takes delivery of second aircraft
Discovery Air has taken delivery of another aircraft, B737-300. The aircraft which landed in Lagos from England at the weekend brings the number of aircrafts in its operations to two.
