Business

Imports choke textile industry, rise to N1.1trn in two years

Imports choke textile industry, rise to N1.1trn in two years

Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated efforts to revive the oncethriving local textile industry.
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Transport hurdles limit AGOA benefits in Africa

Transport hurdles limit AGOA benefits in Africa

LACK of developed transportation network in Africa is among the hurdles hindering landlocked countries from maximising the benefits from the African Growth and Opportunities Act (AGOA).

Former NACCIMA boss tasks FG on monetary policy reassessment

Former NACCIMA boss tasks FG on monetary policy reassessment

The Immediate Past National President of the Nigerian Association of Chambers of Commerce, industry, Mines and Agriculture (NACCIMA), Dr. Simon Chukwuemeka Okolo has called on the federal government to have a thorough re-assessment of Nigeria’s monetary policy regime with a view to coming up with a fiscal policy that will best address the nation’s current economic woes.

Govt urged to switch to automatic solar-powered runway lights

Govt urged to switch to automatic solar-powered runway lights

Barely two weeks after the Dana airplane crashed in Lagos killing everyone on board and some people on ground, reports say that another tragedy was averted at the Nnamdi Azikiwe International Airport, Abuja when a British Airways aircraft overshot the taxiway of the runway. This was attributed to the failure of the airfield lighting on the runway, which made it impossible for planes to either take off or land.