Industry
13 Mar
Global merchandise trade could start to show some modest gains in the first quarter of 2024 after a weak performance last year, the World Trade Organisation (WTO) Goods Trade Barometer report has revealed.
13 Mar
In a bid to boost local production, ensure food security and turn Nigeria into a major food processing hub in Africa, GB Foods has announced a significant expansion of its investment in the country with an integrated tomato processing plant and expanded farm facilities in Gafara, Ngaski Local Government Area of Kebbi state.
13 Mar
To address the challenges posed by foreign exchange (FX) scarcity, CEO and Co-founder, SeamlessHR, Emmanuel Okeleji, has urged local businesses and industries to consider leveraging local software as a service (SaaS) solutions.
13 Mar
To sustainably solve the problem of inadequacy of sourcing raw materials for local manufacturing, the Minister for Science, Innovation and Technology, Uche Nnaji, said raw materials development and research must receive better funding and priority going forward.
7 Mar
Despite the African Continental Free Trade Area (AfCFTA) being ratified in almost all African countries, intra-trade within the continent is still very poor, a report by the Economic Commission for Africa (ECA) has revealed.
7 Mar
National Institute of Credit Administration (NICA), has again reiterated the essence of a well-functioning consumer credit system, which facilitates the acquisition of goods and services on credit, thereby diminishing the dependency on cash transactions.
7 Mar
Industry stakeholders have expressed deep concern over the recent introduction of the Expatriate Employment Levy (EEL) by the federal government, saying the country may be perceived as hostile.
28 Feb
Lagos State Governor, Babajide Sanwo-Olu, has reiterated his administration’s commitment to creating an attractive environment for investment, particularly multinationals from the United States and the rest of Africa.
28 Feb
Stakeholders have described the lifting of economic and trade sanctions, previously imposed on Mali, Niger and Burkina Faso, as a good step in the right direction and urged that trading activities resume immediately
28 Feb
In sharp contrast with prior optimistic outlooks on US-Nigeria economic relations, Nigeria observed a dramatic 88 per cent fall in its foreign capital intake from the United States during the last quarter of 2023, according to the National Bureau of Statistics (NBS).
28 Feb
German Machinery and Equipment Manufacturers Association (VDMA) has called on local industrial players to leverage the renewed Nigerian-German trade relation to develop the sector.
21 Feb
Determined to make Nigeria a major food processing hub in Africa, plans are currently underway to establish a 360 agro-products processing complex in Onicha-Ugbo in Delta State.
21 Feb
As part of efforts to drive investments in Nigeria and encourage the quick implementation of the African Continental Free Trade Area (AfCFTA), stakeholders have concluded plans to hold the fourth edition of the Ecofair.