Business

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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West African insurers should collaborate for regional projects — Coker

Williams Coker is the Secretary-General and CEO of sub-regional insurers organisation, West African Insurance Companies Association (WAICA). He is a student of West African Insurance Institute in The Gambia and also a citizen of the country. He was in Nigeria where he held high level talks with officials of ECOWAS on the future of WAICA. An apostle of regional integration, Coker spoke exclusively to Vanguard weekend on his current brief for the transformation of the body to a commercially viable organisation.

Nigerian stock exchange undervalued in world ranking––Okereke-Onyiuke

THE Director-General of the Nigerian Stock Exchange, Professor Ndi Okereke-Onyiuke, has alleged that the tools applied by international rating agencies to rank exchanges were to the disadvantage of the local stock exchange. Okereke-Onyiuke who was speaking recently during the Capital Market day at this year’s convention of the Association of Nigerian Physicians in the Americas (ANPA), in Abuja , said the Nigerian stock market has been recovering at a very fast rate compared to other markets globally.

Power: FG spends N1.8 Bn Monthly on LPFO

THE Federal government has announced that expenses on Low Pour Fuel Oil (LPFO) to run the Egbin thermal station due to a shortage in gas supply has gotten as high as N1.8 billion naira per month, even as it has commenced plans to develop coal power plants near large coal deposits in the country.

Gas: Banner Energy moves to launch 1000 LPG plants

BANNER Energy, a wholly owned indigenous company with operations in the gas sector has commenced moves to roll out about 1000 Liquefied Petroleum Gas (LPG) retail plants throughout the country.

Kidnapping: A crime against humanity

By John Owubokiri THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%. Ladies and gentlemen, is it not an incongruity to the property belonging to people and […]

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