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 […]
BRIC countries to drive global export in 2010
THE world has been anxiously awaiting signs the Chinese along with other emerging market economies will emerge as the new drivers of global export demand to replace the once spendthrift U.S. consumer.
‘Agriculture remains the key to Nigeria development’
Mr. Mukul Mathur, Country Head, Olam Nigeria in this interview with Jimoh Babatunde, traces the company’s journey into Nigeria’s agricultural sector with a verdict that the country’s potential in agriculture still untapped and that agriculture remains the key to Nigeria development.
Farmers more keen on yield potential of GM crops than risks –– Study
A study conducted by IITA and the Africa College-University of Leeds in Tanzania reveals that local farmers are more interested on the productivity potential of genetically-modified (GM) crops than they are worried about the possible risks associated with their use.
Banks target staff’s upfront with special BAs
The scarcity of funds in the banking industry has assumed another dimension with banks issuing special Bankers Acceptances aimed at staff upfront salary to bouy their liquidity position.
Lagos begins implementation of consumption tax, seeks cooperation of Lagosians
The Lagos state government has started the implementation of the recently introduced consumption tax which is meant to enhance the state revenue generation effort to sustain the ongoing development of infrastructure as well as maintain the social services being provided to Lagosians.
