Industry
1 day ago
Just last week, Nigeria’s local manufacturing sector was dealt a huge blow as one of the biggest brewers in the country, Nigerian Breweries, announced that it is suspending operations in two of its nine breweries.
10 Apr
The West African pharmaceutical industry faces significant challenges, including the prevalence of counterfeit products and stringent import regulations.
10 Apr
Again, stakeholders in Nigeria’s Organised Private Sector (OPS) have expressed grave concerns over the skyrocketing cost of doing business, saying that they fear for their survival.
10 Apr
The Lagos Chamber of Commerce and Industry (LCCI), in partnership with the Ministry of Foreign Affairs, has concluded plans to host this year’s edition of the yearly LCCI International Business Conference and Expo tagged “Invest Nigeria.”
3 Apr
The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, announced that all the technical problems related to the uploading of the National Identification Number (NIN) for participants in the Presidential Conditional Grant Programme also known as the Trade Grant Scheme have been resolved.
3 Apr
Nigeria and other African countries are expected to experience continuous food inflation in the coming months owing to the disruption in global trade as a result of attacks on shipping lines by Houthi Rebels in the Red Sea.
3 Apr
The Manufacturers Association of Nigeria (MAN) has urged regulators to engender an atmosphere that promotes fairness while safeguarding the interest of the consumers and protecting local manufacturers.
27 Mar
President of the Nigerian-American Chamber of Commerce (NACC), Adebola Williams, has regretted that despite Nigerian goods being sought after overseas, the country keeps losing millions of dollars yearly for rejected goods.
27 Mar
The Federal Government has said it is planning to put a total ban on the importation of syringes into the country to promote local production.To this end, the National Agency for Food and Drug Administration and Control
27 Mar
Nigeria's dairy sector is set to undergo a transformative journey with the inauguration of the latest Value4Dairy Consortium project, signaling a significant leap forward for the industry.
27 Mar
The Lagos Chamber of Commerce and Industry (LCCI), has urged the government to cut unnecessary expenses and reduce statutory expenditures, considering current economic hardship in the country..
21 Mar
As part of efforts to foster economic growth and create bilateral trade between the state of Illinois and Nigeria, the Illinois Department of Commerce and Economic Opportunity (DCEO) has held an inbound trade mission in Lagos.
21 Mar
The Manufacturers Association of Nigeria (MAN) has expressed deep sadness that despite contributing the highest to value-added tax (VAT), the sector remains neglected just as its players are being forced out of business...
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Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
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Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.
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Inflation in Nigeria is reaching its peak now and will decelerate toward the middle of the year, Director-General of the Budget Office of the Federation, Ben Akabueze, has said.
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Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange (FX) losses and part of its local bank debt facility.
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The International Renewable Energy Agency (IRENA) is seeking a new approach to energy security amidst geopolitical concerns and a push from fossil fuels.
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The Chartered Institute of Bankers of Nigeria (CIBN) 2024 yearly lecture, slated to take place on April 23, at the Civic Center, Victoria Island, Lagos, has its theme as "Improving Availability of Credit in the Nigerian Real Economy: The Critical Importance of Liquidity."
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The International Agro Original Equipment Manufacturers (OEM) has called for the exemption of all agriculture equipment from all forms of taxes, import duties, Value Added Tax and other levies for at least two years to enable Nigeria to become self-sufficient in food production.
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The Organised Private Sector (OPSN), comprising top Business Membership Organisations (BMOs), has warned that over 65 per cent of private businesses, especially manufacturing concerns and SMEs, may be forced to close down due to the over 200 per cent hike in electricity tariff. The BMOs, comprising the Manufacturers Association of Nigeria (MAN), National Association of…
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Wema Bank has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.
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The Federal Government has called on oil and gas operators to create ingenious ways of raising capital to expand their investment and tackle myriads of problems facing the sector, especially leveraging the nation's capital market.