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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5Alive refocuses with new packs

5Alive refocuses with new packs

5Alive from the stable of The Coca_Cola Company, is back in the market with new Tetra prisma packaging. While retaining the brand’s four unique and popular flavour blends (Citrus Burst, Berry Blast, Apple Splash and Tropical Hit), the new 5Alive packs come in two slim and sleek sizes of 1litre and 25cl with screw caps to enhance grip and pour.

NBCC frowns at CBN’s approach to banking reform

NBCC frowns at CBN’s approach to banking reform

The Nigerian-British Chamber of Commerce (NBCC) has lamented over the approach of the Central Bank of Nigeria (CBN) at the ongoing banking reform saying that the mode of delivery have heated the economy and has caused panic and in some cases made banks to stop lending.

Redeploy Lukman, Niger-Delta Christians tell Yar’Adua

Redeploy Lukman, Niger-Delta Christians tell Yar’Adua

SIX weeks after South- South governors threatened to pull out of the amnesty deal over certain unclear official pronouncements, Christians in the region under the aegis of the Niger-Delta Christian Leaders Forum, NDCLF, rose from an emergency meeting with a call on President Umaru Musa Yar’Adua to redeploy the current Petroleum Minister, Alhaji Rilwanu Lukman to any other ministry.

The putrid mess also in CBN!

The putrid mess also in CBN!

Nigeria has become suffocated in the last three weeks or so with news of the foul dealings in the banking sector of our economy. A banking licence is not only an authority to receive deposits and lend out money, it is virtually a mandate to also create money.