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 […]
Bonds: Investors hold positions as average yield closed flat at 16.97%
By Peter Egwuatu The Federal Government of Nigeria (FGN) bonds traded soft in the secondary market in the absence of a bargain-fuelling catalyst to lift investors’ subdued sentiment, with average yield closed flat at 16.97%. The Credit rating services, has said that bond investors held positions tight amidst uncertainties in the economy, fluctuating returns and intermittent […]
Nigeria’s packaging industry hits $2.5bn
By Providence Ayanfeoluwa Nigeria manufacturing sector has been described as a crucial industry, as recent data has shown the nation’s packaging market stood at N2.5billion George Pearson, Regional Director, Montgomery Group, who stated this at the ongoing 12th edition of Propak West Africa (the premier trade event for packaging, plastics, printing, and processing in the region) […]
Sterling HoldCo projects strong year-end performance
Sterling Financial Holdings Company Plc (Sterling HoldCo) says it is on track to sustain its growth momentum into the final quarter of 2025, projecting gross earnings of ₦149.27 billion for the period ending December 31.
No immediate plan to implement 5% fuel tax —Edun
•Oyedele defends 5% fuel surcharge, says not to burden Nigerians •FG gazettes tax reform laws, implementation to begin January 2026 By Emma Ujah, Abuja Bureau Chief The Federal Government has no immediate plan to implement the 5 percent Petroleum Products Tax as contained in the Tax Administration Act, 2025. The Minister of Finance and Coordinating Minister […]
CSCS, regulators, operators rally to execute T+2 settlements in November
By Peter Egwuatu The Central Securities Clearing System (CSCS) Plc, Nigeria’s premier clearing and settlement house, has received strong backing from capital market regulators and operators for its transition to a T+2 settlement cycle, scheduled to commence on 28th November 2025. This move marks a significant milestone in advancing efficiency, risk mitigation, and global competitiveness […]
