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 […]
Heritage Oil to fund Nigeria deal
Heritage Oil Plc will sell part of a gas block and borrow money from Genel Energy Plc to raise $450 million, easing concerns about how it will fund oilfield purchases in Nigeria.
14 oil marketers indicted for multiple infractions
FOURTEEN of the 25 oil marketers have been indicted by the Aig-Imoukhude subsidy committee for several infractions in the subsidy payment. The committee had during the submission of its report on July 24, erroneously announced that 21 companies were indicted.
First Bank to list holding company October
First Bank of Nigeria Plc,yesterday, said it plans to list its holding company — FBN Holding, on the Nigerian Stock Exchange, NSE, October 3, 2012.
NCDMB, NNPC to deepen local content in downstream
A renewal of the partnership between the Nigerian Content Development and Monitoring Board (NCDMB), and the Nigerian National Petroleum Corporation (NNPC) will deepen integration of content development in downstream operations in the Oil and Gas industry.
The many choices of MultiChoice/DStv
I think it rather deliberate, though, but not much is contained in the website of MultiChoice/DStv. One would have expected much more on a brand person of a status as big as this somewhat icon in pay television. However, it contains some interesting information.
