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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FG plans 24-hr registration for businesses

FG plans 24-hr registration for businesses

The Federal Government will as part of its plans to open up the Nigerian business space for more investments ensure that serious investors who intend to register their businesses in the country do so within 24 hours, says the Minister of Trade and Investment, Dr. Olusegun Aganga.