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 […]
Insurers conclude “treat renewals ” for 2010 on hard terms
Going by the realization that insurance business is no longer a game play and the swinging wield stick of the National Insurance Commission (NAICOM), underwriters have concluded their reinsurance treaty renewals for the 2010 in spite of hard terms from reinsurers.
Aiico, seven others hook onto N 2.3 bn NNPC Group Life for 2010
Eight insurance companies are hooked on to the 2010 Nigerian National Petroleum Corporation (NNPC) group life account for N 2.3 billion premium with sum insured of N 385.99 billion.
‘Our success wasn’t the result of one man’s effort’ , Fidson MD
Dr. Fidelis Ayebae , the Managing Director/Chief Executive Officer, Fidson Healthcare PLC, tells how he grew the company from an initial capital of N 5 million in 1995 to billions of Naira and to a pharmaceuticals giant, reports Franklin Alli.
‘Life’s tough for small firms’ , MD, Tisco
Tisco Musical Instruments, Lagos, is an indigenous company that manufactures musical instruments from, ‘Omo Wood.’ In this chat with Franklin Alli, Mr. Taiwo Adebayo, Managing Director, shares the experiences of operating a small business in the country.
Operators, stakeholders okay integration of regional capital market
The proposed integration of regional capital markets by the African Securities Exchanges Association (ASEA) has been endorsed by operators and stakeholders in the Nigerian capital market.
