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 […]
Private Sector Partnership for Oil&Gas Pipelines
The Group Managing Director of the Nigerian National Petroleum Corporation (NNC), Dr. Maikanti Baru, has urged the new Board of one of its downstream subsidiary companies, the Nigerian Pipeline Storage Company (NPSC), to partner with the private sector to build more pipelines parallel to the corporation’s existing ones.
No Panic Buying of Petrol, Please!!!
The Nigerian National Petroleum Corporation (NNPC) has assured motorists and other petroleum products consumers in Abuja and its environs not to engage in panic buying.
NNPC appeals to oil workers to shelve planned strike
The Nigerian National Petroleum Corporation, NNPC, yesterday, appealed to the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to reconsider the 15-day ultimatum it issued the Federal Government over what the union described as lingering labour related issues in the industry.
Nigerian Stock Exchange: Aiico Insurance, Unity Bank lead N327bn gains
Activities in the Nigerian Stock Exchange, NSE, closed upbeat this week following sustained interest in the shares of some mid- cap stocks, particularly the banking stocks. Breakdown of the week’s transaction showed that 49 emerged gainers higher than 30 of the previous week led by Aiico Insurance Plc, Unity Bank Plc, Wema Bank Plc, C&I […]
We’ve invested $220m in Nigeria over 9 years — StarTimes
Pay television company, Startimes, Friday, said it has invested over $220 million in Nigeria, over the last nine years to boost entertainment and enrich the country’s television experience.
