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 […]
‘Nigeria needs leaders that manage economy as quasi business’ — Saiyen
The economic development of Nigeria requires leadership that manages the affairs of the country as quasi-business going forward.
Nigeria’s retention of Category 1 Status in aviation delights minister
Sen. Hadi Sirika, Minister of State for Aviation, has expressed delight with Nigeria’s retention of its Category One (CAT 1) Status after another audit in the industry.
9Mobile: Smile Telecoms tackles Barclays Africa, seeks bid review
Smile Telecoms, one of the telcos shortlisted in the bid process for 9Mobile sale, has described as “untidy” the manner in which Barclays Africa, financial advisors to the deal, has so far managed the transaction, and has called for a process review to ensure transparency.
Naira stable at N360.1/$ in I&E
The naira Monday started the week on a stable note in the Investors and Exporters (I&E) window and the parallel market.
Tax evasion: FG, States go after property owners in Magodo, Lekki, Ikoyi etc
The Federal Government has started beaming its searchlight on tax evaders with properties located in the highbrow areas across the country.
