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 […]
NNPC Trading boss Maryamu Idris named Nigeria’s OPEC national representative
The NNPC said Idris will be instrumental in ensuring that “Nigeria’s energy interests are effectively represented and harmonised with OPEC’s overall objectives.”
VFD Group delivers on its N20b CP with N4.24b series 4 redemption
VFD Group Plc, a Lagos based investment company, has announced the full redemption of its ₦4.24 billion Series 4 Commercial Paper (CP) issued December 2024.
CIS to spotlight innovation, global market leadership
Digital innovation and global competitiveness in Nigeria’s capital market will take centre stage as the Chartered Institute of Stockbrokers (CIS) hosts its flagship event, the 2025 annual stockbrokers’ conference in Abuja.
Expert charges insurance, pension operators to cover informal sector
By Rosemary Iwunze The Managing Director/ Chief Executive Officer, Arthur Stevens Asset Management, Mr. Olatunde Amolegbe, have challenged operators in the insurance and pension sectors to come up with strategies that will bring the full informal sector under insurance and pension coverage. Amolegbe who gave the challenge at the 10th Annual Conference of the Nigerian […]
New tax laws: Incentive schemes must spur industrialisation — LCCI
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has voiced the desire of the organised private sector (OPS) in Nigeria on how the incentives schemes in the newly enacted tax laws could be used to spur industrialisation in the country. President of LCCI, Gabriel Idahosa, made the declaration yesterday in Lagos, in his […]
