Business

Manufacturers deepen local raw materials sourcing, up 11% in 3yrs

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 […]
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Experts urge insurers to prioritize training

Experts urge insurers to prioritize training

There is need for the board and management of insurance companies to set aside yearly budget for training and re-training of all staff in order to boost human capacity and enhance productivity

Aviation stakeholders worry over Nigeria’s Category-1 status

Aviation stakeholders worry over Nigeria’s Category-1 status

Aviation experts and stakeholders have expressed fears that the removal of the Director-General of Nigerian Civil Aviation Authority, NCAA few days to the visit of Federal Aviation Administration, FAA, of the United States inspectors to Nigeria to re-certify the country’s Category-1 status, may send wrong signals to the inspectors and consequently affect the country’s chances.

Tax relief for pioneer companies

Tax relief for pioneer companies

The Nigerian Government has over the years put in place many different and overlapping incentive schemes to attract both local and foreign investment