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 […]
NARTO, PTD to partner NNPC to end fuel crisis
The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that the National Association of Road Transport Owners (NARTO) and Petroleum Tanker Drivers (PTD) have thrown their weights behind its efforts to address the hiccups being experienced in the supply and distribution of Premium Motor Spirit (PMS), otherwise called petrol, in parts of the country.
NNPC increases fuel supply to 80m litres daily
The Nigerian National Petroleum Corporation, NNPC, Thursday, disclosed that it has more than doubled the supply of Premium Motor Spirit, PMS, also known as petrol, across the country from about 30 million litres to 80 million litres per day.
Getting business loans from the banks (3)
We are now on the third portion of this series on MSMEs’ getting business loans from banks in which we have focused on the offers from Stanbic IBTC Bank. We have discussed just one offer which is what they call SME Overdraft.
Price of cooking gas jumps by 21% in November
The average price of Liquefied Petroleum Gas (Cooking Gas) rose by 21.16 percent, year-on-year in November.
NNPC to build 4,600mw power plants in Abuja, Kaduna, Kano
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it is partnering with private investors to build power generating plants with combined capacity of 4,600 megawatts, MW, power plants in Abuja, Kaduna and Kano states.
