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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Starcomms slashes international tariff

Starcomms slashes international tariff

IN furtherance of its avowed commitment towards providing qualitative, yet affordable telephone services to Nigerians across the country, the Nation’s leading CDMA operator, Starcomms, has slashed its international tariff from twelve naira (N12.00k) to ten (N10.00k) naira in some destinations, and from eighteen (N18.00k) naira to ten (N10.00k) naira in yet other destinations in a promo that will last for one month.

Local insurers should have control over flow of local content business

Local insurers should have control over flow of local content business

Even with the expected peace in the Niger-Delta resulting from federal government’s amnesty, insurers are still wary of the region. FBN Insurance Brokers CEO, Val Ojumah, an acclaimed international broker, advises local insurers should still stay away from the business in that region. Ostensibly for reasons of the special skills needed for the peculiar risks.

Infrastructure decay undermines tourism development

Infrastructure decay undermines tourism development

An expert in the Nigerian tourism industry, Mr. Ayodeji Olonilua, has called on government at all levels to show commitment towards the development of the country’s economy through the provision of basic infrastructure facilities, that will help encourage investment and reduce the cost of doing business