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 […]
Banks to establish temporary watchlist for BVNs implicated in suspected fraud
“A BVN may remain on this temporary Watchlist for a maximum period of twenty-four (24) hours, during this period, the BVN owner shall be contacted to provide clarification regarding the identified transaction(s).”
RMB Latitudes Art Fair announces Nigeria focus for 2026
By Babajide Komolafe RMB Nigeria Limited has announced Nigeria as the focus country for the 2026 edition of the RMB Latitudes Art Fair’s International Focus programme, an initiative that spotlights a different African country each year to promote cultural exchange and collaboration across the continent. RMB Nigeria, a member of the FirstRand Group and a leading […]
Nigeria’s economy will withstand shocks from US-Iran war — Cardoso
By Babajide Komolafe Governor of theCentral Bank ofNigeria, Olayemi Cardoso, yesterday said Nigeria’s ongoing macroeconomic reforms have positioned the economy to withstand potential shocks arising from escalating tensions in the Middle East. Cardoso stated this while delivering a Distinguished Alumni Lecture at the Founders Day celebration of St Gregory’s College Lagos in Lagos. He noted […]
CBN-led banks recapitalisation hastens FG’s quest for $1trn economy
By March 31, the ongoing recapitalisation of banks driven by the CBN will be over. Seen as one of the most ambitious exercises
Middle East war: TotalEnergies shuts 15% of gas, oil production
Brent is up around 38 percent from the eve of the conflict, which began on February 28 when the United States and Israel launched airstrikes against Iran.
