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 […]
Fuel scarcity bites harder in Abuja
Even as the face-off between the Federal government and major oil marketers continue, transporters in the Federal Capital Territory, Abuja, and its environs continue to face a hard time as for the fifth day running, many filling stations in the city refuse to open for business.
Fidson Healthcare achieves 181% increase in Q2 PAT
Fidson Healthcare Plc has announced a significant increase of 181 per cent in its quarter two profit for the period ended 30th June, 2012.
Bayelsa Govt, Samsung partner on local content
The local content initiative of the Federal government, continues to progress as companies are engaged in capacity building plans in the country.
Stakeholders laud FG’s release of N300bn for capital projects
Stakeholders in the Nigerian financial sector have commended the Federal Government for releasing N300 billion for capital projects in the third quarter of 2012.
Power: FG commissions Delta IV
THE Federal Government, Friday, commissioned GT 18, a unit generating 130 mega watts in Delta IV, in the Ughelli Power PLC, assuring Nigerians of improved power supply before the end of the year.
