Business

Manufacturers deepen local raw materials sourcing, up 11% in 3yrs

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 […]
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Deutsche Bank subpoenaed for Trump-related documents

Deutsche Bank subpoenaed for Trump-related documents

Germany’s Deutsche Bank has subpoenaed for documents related to its business dealings with Donald Trump, as part of the probe into possible collusion between the US president’s campaign and Russia, a source close to the matter confirmed to AFP Tuesday.