Experts push renewables to tackle Nigeria’s power crisis
By Udeme Akpan Power sector experts have called for accelerated deployment of renewable energy and microgrids to address Nigeria’s persistent electricity supply challenges and reduce dependence on the national grid. Speaking in separate interviews with Vanguard at the recently concluded Nigeria Energy Summit in Lagos, they said decentralised power solutions would improve electricity access, particularly […]
Manufacturing’s VAT contribution up 39% to N803.5bn
•Remains top contributor in 4yrs By Yinka Kolawole The contribution of Nigeria’s manufacturing sector to Value-added Tax (VAT) increased by 38.93 percent to N803.5 3 billion in 2024 compared compared to the N578.39 billion recorded in 2023. Data obtained from the National Bureau of Statistics (NBS) also shows that despite its declining output, the nation’s manufacturing sector […]
SEC warns against investing with GVEST Global
The Securities and Exchange Commission (SEC) has cautioned Nigerians against doing business with GVEST Global, saying the company is an unregistered investment adviser and fund manager promoting illegal schemes. In a statement yesterday, the regulator said GVEST Global also operates under different names, including GVEST (Alausa) Cooperative Multipurpose Limited, GVEST Investment Limited, and GTEXT Holdings. “The […]
ECONOMY: Declining manufacturing, agric sectors threaten Nigeria’s industrialisation
…As services sector takes driving seat ··Manufacturing loses N1.2trn in 5 years —Report •FDI plummets amid waning investors’ confidence •Rebasing exposes sector’s structural weakness —MAN •Nigeria struggling with de-industrialisation, says NESG •Manufacturing should contribute 40% to GDP —Ekpo By Yinka Kolawole THERE is a growing concern among industry stakeholders as the gap between real and services […]
Sell pressures deflate stock market as investors lose N2.3trn in 5 days
By Peter Egwuatu THE Nigerian stock market deepened its bearish run last week, driven by sell pressures among the blue chip companies in almost all the sectors of the market. As a result, the major performance indicator of the market, Nigerian Exchange Limited, NGX, All Share Index (ASI) fell by 2.51% to close at 141,004.14 points. […]
Chams showcases growth, future prospects at investor roadshow
Chams Holding Company Plc, has hosted a highly engaging investor roadshow in connection with its ongoing Rights Issue, drawing key stakeholders and investors to discuss the company’s strategic direction and growth outlook.
