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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Margin loans: Stockbrokers seek debt restructuring

Margin loans: Stockbrokers seek debt restructuring

Following their heavy indebtedness to banks in the country through margin facilities, stockbrokers have called on the Central Bank of Nigeria (CBN) to prevail on the banks to abide by the debt restructuring agreement entered with them in the wake of the meltdown in the capital market.

Chamber urges FG to dredge Port Harcourt Port

Chamber urges FG to dredge Port Harcourt Port

The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) on Wednesday urged the Federal Government to dredge the Port Harcourt Port. The President of PHCCIMA, Mr Billy Gillis-Harry, made the call in Port Harcourt when he led officials of the chamber on a facility tour of the port. He said the measure would be in fulfilment of government’s promise to dredge the port before concessioning it.

Airport management tasks stakeholders on safety

Airport management tasks stakeholders on safety

The management of the Nnamdi Azikiwe International Airport, Abuja has advised passengers and other stakeholders to be safety conscious when they are around the ‘RAMP’ area of the facility, to avoid accidents. RAMP is the operational area of the airport where aircraft drop and pick passengers, refuel and carry out other checks in preparation for take-offflight. Mr Chris Bature, the airport Manager, gave the advice on Wednesday at a road show to flag off the maiden edition of its “RAMP Safety Week”. We have operational vehicles of all the airlines; we have bouncers or people who bring in fuel to the RAMP, doing their work within the area.

Union Bank’s South-East customers re-affirm their loyalty

Union Bank’s South-East customers re-affirm their loyalty

Customers of Union Bank PLC in the South Eastern states of Nigeria have re-affirmed their confidence and loyalty to the bank, stating that the recent intervention by the Central Bank of Nigeria would make it more capable of meeting their desires and aspirations.