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 […]
Doing business in Nigeria requires potentials, good ideas and resources —Oscar Odiboh
Dr. Oscar Odiboh, Managing Consultant Newsletters Limited. He bagged his doctorate degree in the new area of Philosophy of Marketing Communication in University of Lagos. He has worked in companies like Lintas, Insight and Solutions before establishing Newsletters Limited years ago. He has written books on marketing communication which are recommended to higher institutions in […]
LCCI prepares for trade mission in Nigeria, Ghana
Representatives from about 20 companies will be participating in London Chamber of Commerce’s trade mission slated to hold next week in Lagos and Accra respectively.
Nigeria is losing money holding reserves in dollars– FMI
Nigeria is losing money holding reserves in dollars following the fact that the dollar has been losing value as reserve currency in the last couple of months says Financial Market Intelligence (FMI), a firm of financial markets analysts. The FMI in its recent report states that the dollar has lost 12 per cent since March against an index comprising the euro, yen and four other major currencies.
Bearish run persists, equities’ value dips by N16bn
The bearish run in the Nigerian capital market continued, Wednesday, as the value of listed equities on the Nigerian Stock Exchange (NSE) dipped by N15.77 billion.
CCNN surpasses turnover, PAT forecast for second quarter — Vetiva
Cement Company of Northern Nigeria (CCNN) Plc has significantly surpassed its turnover and Profit After Tax ( PAT) forecast of N3.12 billion (Actual-N6.59 billion) and N460 million (Actual-N1.17 billion) respectively for the second quarter 2009.
