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 […]
Lift Micro-Finance empowers communities against poverty
A Benin-based Micro-Finance bank, Lift Micro-Finance, a subsidiary of Lift Above Poverty (LAPO) has vowed to tackle poverty and give hope to many especially women who are the bread winners of families, through its credit delivery, recovery strategies and customer relations.
Global cooperation curtailed economic crisis – IMF boss
The Managing Director, International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, said that the economic crisis that engulfed the world would have been worse but for concerted global action directed at combatting the crisis.
FG to spend N.2bn on “Made in Nigeria†campaign
The Federal government will spend N200 million on the campaign to promote patronage for “Made -In-Nigeria†goods.Minister for Commerce and Industry, Chief Achike Udenwa disclosed this in Abuja at a ceremony to flag off the campaign. Udenwa said that President Umaru Yar’Adua would formally launch the campaign on Tuesday, 13th October, 2009 at Eagle Square.
Afreximbank and Ecobank Group sign cooperation agreement
The Ecobank Group and the Africa Export-Import Bank (Afreximbank) has signed a cooperation agreement that will enable deeper cooperation between both institutions in the areas of trade and project finance.
Customers retain Union Bank loyalty
Despite the current challenges in the financial sector, Customers of the Union Bank of Nigeria (UBN) across the country have expressed their continued loyalty and implicit confidence in the Bank.
