Business

Imports choke textile industry, rise to N1.1trn in two years

Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated efforts to revive the oncethriving local textile industry.
Visible Articles 5 10 15

Dangote borrows Brazilian model to boost local rice production

Alhaji Aliko Dangote, President/CEO, Dangote Group has hired a Brazilian agricultural expert to replicate in Nigeria the model that Brazil used to transform the country from a net importer of rice in the year 2000 to a net exporter in the year of 2009.

Nigeria ready for ICAO audit, says NCAA boss, Usman

Director General of the Nigerian Civil Aviation Authority of Nigeria, NCAA, Captain Muhtar Usman has said that Nigeria was fully prepared for the International Civil Aviation Organisation, ICAO, Universal Safety Oversight Audit Programme ,USOAP.

Use of electronic payment adds $296bn to GDP – Report

A recent study has shown that increased use of electronic payment products, including credit, debit and prepaid cards, added $296 billion to GDP, while raising household consumption of goods and services by an average of 0.18 percent per year.

Exit mobile version