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 […]
Bank failures: NDIC vows to enforce corporate governance
Nigeria Deposit Insurance Corporation (NDIC) has reiterated its zero tolerance stance against all forms of malpractices, vowing to enforce good corporate governance and transparency to minimise risk of bank failures.
Naira depreciates to N360.40/$ in I&E
The naira Thursday depreciated to N360.4 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market.
Lennox Mall opens in Lekki
Leading indigenous retail giant, Hubmart Stores Limited, has continued in its tradition of bringing satisfaction close to the homes of its teeming customers by opening in Lekki, Lagos, a new outlet called Lennox Mall located beside ”The Place”, Lekki Phase1.
Boosting africa’s business landscape through PITCH@PALACE
Inspired to creatively improve on Africa’s business landscape; as well as to accelerate entrepreneurship, the Duke of York has announced Pitch@Palace Commonwealth 1.0. Application for this unique business opportunity which is open to the 52 Commonwealth Countries closes on February 14, 2018.
Sterling Bank drives turnover volume on NSE
Sterling Bank lifted volume of shares traded on the Nigerian Stock Exchange (NSE) on Thursday with 1.75 billion shares worth N3.84 billion achieved in bearish trading.
