Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
Avuru outlines roadmap to build competitive Delta economy
…Advocates maritime reforms, industrial parks, commercial agriculture By Babajide Komolafe, Economy Editor & Egufe Yafugborhi ASABA—Founding Chairman, Seplat Energy and Chairman of the Delta State Economic and Investment Summit, Mr. Austin Avuru, has outlined a roadmap for building a competitive Delta economy, urging the state government to prioritise maritime reforms, industrial parks and commercial agriculture […]
Nigeria spared as seven OPEC+ producers raise output by 188,000 bpd
Nigeria was not part of the meeting because it is not participating in the additional voluntary production adjustment arrangement, meaning the latest output increase does not affect its production plans.
MAN seeks tax harmonisation, stable policies to boost manufacturing
The Manufacturers Association of Nigeria (MAN) has called for urgent tax harmonisation, improved infrastructure, reliable energy supply and a predictable regulatory environment to strengthen the country’s manufacturing sector. The appeal was made at the 41st Annual General Meeting (AGM) of the Ogun Branch of MAN in Abeokuta, with the theme: “Building a Resilient Manufacturing Sector: Surmounting […]
Nigerian manufacturers need more than macro reforms to grow —CFG Advisory
Nigeria needs a coordinated industrial growth strategy, beyond macroeconomic reforms, to unlock investment in the manufacturing sector and accelerate economic expansion. Chief Executive Officer of CFG Advisory, Mr. Tilewa Adebajo, stated this in an interview on CNBC Africa. He noted that reforms such as exchange rate liberalisation and broader macroeconomic adjustments should be regarded as the […]
FG rehabilitating Eastern ports, NPA assures stakeholders
By Efe Onodjae The Nigerian Ports Authority (NPA) has dismissed claims that the Eastern Ports have been neglected, saying the Federal Government (FG) is investing in infrastructure upgrades to restore their competitiveness and attract more cargo traffic. Manager of the Rivers Port Complex, Kenechi Okaeze, gave the assurance during an interactive session with members of the […]
