Nigeria’s manufacturing upgrade tops China’s economic pact —Consul General
By Nkiruka Nnorom & Marvellous Chukwunenye The planned upgrade of Nigeria’s manufacturing sector is at the heart of a new economic partnership between Nigeria and China, the outgoing Consul General of China in Lagos, Ms Yan Yuqing, has said. Yuqing disclosed this at a reception marking the 77th anniversary of the founding of the People’s […]
Nigeria’s manufacturing jobs growth outpaces productivity in 2 decades
*Most employment in MSMEs sector By Yinka Kolawole The manufacturing sector in Nigeria is grappling with a troubling paradox: rising employment without commensurate productivity growth, underscoring deep structural weaknesses in the country’s industrial base. Over the past two decades, the number of Nigerians employed in manufacturing has recorded a marginal increase but this has not translated […]
BoI secures CBN approval to operate non-interest banking
The Bank of Industry (BoI) said it has received regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, marking a significant milestone in the bank’s growth and long-term development agenda. A statement from the bank said the approval authorises BoI to commence Non-Interest Banking operations, positioning the bank to […]
FG targets stronger gas-to-power linkage to boost electricity supply
By Obas Esiedesa The Federal Government (FG) has reaffirmed its commitment to strengthening Nigeria’s gas-to-power value chain as part of efforts to expand electricity supply, drive industrial growth and reduce energy poverty. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated this while delivering his address at the National Gas Day session of the 9th […]
NGX sustains positive trend as investors gain N4trn in 5 days
By Peter Egwuatu The stock market sustained a positive trend Week on Week, W/W, as investors gained over N4.08 trillion in 5 trading days last week. Specifically, the Nigerian Exchange Limited, NGX, market capitalisation, which represents the total value of listed equities, rose to N110.234 trillion from N106.153 trillion in the penultimate week. Similarly, another stock […]
Downstream deregulation delivers N6trn gain in 9 months — NMDPRA
By Udeme Akpan Nigeria may have recorded an estimated N6 trillion gain from reforms in the downstream petroleum sector within the first nine months of 2025. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed this at the ongoing Nigerian International Energy Summit (NIES) in Abuja, noting that decades of heavy petroleum product importation had […]
