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Effective coordination, implementation key to NATEP success – NECA

Effective coordination, implementation key to NATEP success – NECA

Says programme must align with ILO Conventions By Victor Ahiuma-Young The Nigeria Employers’ Consultative Association, NECA, has stated that only effective coordination and implementation can ensure the success of the Federal Government’s relaunched National Talent Export Programme (NATEP). As the umbrella body of employers in the country, NECA emphasized the need for NATEP to align with […]

FG’s plan for fresh $5bn oil-backed loan  hampered by low price — report

FG’s plan for fresh $5bn oil-backed loan  hampered by low price — report

By Obas Esiedesa, Abuja The Federal Government’s plan to obtain a $5 billion oil-backed loan from Saudi Arabian oil company, Aramco has been hampered by low oil prices in the international market.   A report by Reuters citing four sources said the recent drop in crude oil price has raised concerns among banks that were expected to […]

Why we are driving port automation –Shippers’ Council

Why we are driving port automation –Shippers’ Council

By Providence Ayanfeoluwa The Nigerian Shippers’ Council (NSC), has reaffirmed the Federal Government’s commitment to automating the port sector for optimal efficiency. NSC’s Executive Secretary/CEO, Dr. Akutah Pius, made this disclosure during a courtesy visit to the Lekki Deep Sea Port. Akutah stated that NSC is championing automation as a key standard to enhance efficiency and […]

FG, Nestlé partner to enhance milk production in Nigeria

FG, Nestlé partner to enhance milk production in Nigeria

Nestlé Nigeria Plc has announced an ongoing collaboration with the Federal Ministry of Livestock Development to launch a dairy technical skills development program aimed at enhancing the quality and volume of milk production in Nigeria.  A statement by Victoria Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead, Nestlé Nigeria, said the initiative has been formalized through […]

Afreximbank, BoI sign $75m funding support for local healthcare manufacturers

Afreximbank, BoI sign $75m funding support for local healthcare manufacturers

The African Export-import Bank (Afreximbank) and Bank of Industry (BoI) have signed a $75 million financing term sheet to support local manufacturers under the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) in Nigeria. The PVAC is a federal government strategy aimed at achieving a measurable increase in the domestic manufacturing of generic pharmaceuticals, […]

Nigeria ranks 3rd among Africa’s top 10 manufacturing countries

Nigeria ranks 3rd among Africa’s top 10 manufacturing countries

By Yinka Kolawole Nigeria has been ranked third among the top ten manufacturing countries in Africa, according to a report by The African Exponent, an analytical business information source for entrepreneurs and potential investors in Africa. According to the report, within the last decade, a few countries have stood out for hosting the largest manufacturing companies […]

Why borrowing $24.14bn is inevitable

Why borrowing $24.14bn is inevitable

By Dele Sobowale “Mice are mice; that is why mouse traps work.” President Bola Tinubu’s fresh request to the National Assembly to approve external loans totalling $24.14 billion is tiresome.  Once again, it raises concerns that Nigeria is hurtling towards a fiscal precipice, with public debt increasing at an alarming rate even as government revenues show signs […]

NGX Index records new high amid mixed sentiments

NGX Index records new high amid mixed sentiments

…As investors rake N1.8trn in 4 days By Peter Egwuatu The Nigerian equities market extended its positive momentum amid mixed sentiments, as the Nigerian Exchange Limited, NGX All Share Index, ASI recorded new high of 114,595.72 points last week Thursday. The ASI closed higher in all four trading sessions and kicking off the month of June […]

Nigeria, U.S trade hits $13bn,  2nd largest in Africa — Mills, Envoy 

Nigeria, U.S trade hits $13bn,  2nd largest in Africa — Mills, Envoy 

By Tunde Oso United States Ambassador to Nigeria, Richard Mills, has declared American interest in expanded trade and private sector investments in Nigeria and African countries  to drive economic growth, revealing that Nigeria was United States’ second largest trade partner in the continent with a two-way trade in goods and services that totalled roughly $13 billion […]

Economic activities expand 6th consecutive month – CBN

Economic activities expand 6th consecutive month – CBN

By Elizabeth Adegbesan  The Central Bank of Nigeria,  CBN,  report has indicated that economic activities expanded for the sixth consecutive month at 52.1 index points in May 2025.   Disclosing this in its Purchasing Managers Index (PMI) Report for May 2025, CBN also noted that the industry (51.6 index points),  service (51.7 index points) and Agriculture (53.4 […]

AXA Mansard Investments empowers 200 working-class mothers

AXA Mansard Investments empowers 200 working-class mothers

By Rosemary Iwunze AXA Mansard Investments, a leading asset management firm and member of the global AXA Group, has reaffirmed its commitment to women’s empowerment by sponsoring ‘The Mum Fund’ event, an initiative that provides training, support, and financial education to 200 working-class mothers in Lagos. The event featured workshops, mentoring sessions, and financial literacy classes […]