The African Export Import Bank (Afreximbank) has projected that the price of cocoa in the international commodity market would remain high in 2025. This projection is contained in “Afreximbank Research…
The African Export Import Bank (Afreximbank) has projected that the price of cocoa in the international commodity market would remain high in 2025. This projection is contained in “Afreximbank Research…
The NESG-Stanbic IBTC Business Confidence Monitor (BCM) for the month of April 2025 has identified power shortages, high commercial lease and limited access to finance as major challenges to business…
The MTN Nigeria has declared its commitment “to protecting our planet by achieving net zero emissions by 2040,” adding that it attained 11 per cent reduction in fuel consumption in…
The Manufacturers Association of Nigeria (MAN) has commended the Federal Government of Nigeria’s new public procurement policy directive that emphasised patronage of Made-in-Nigeria goods and services. MAN also said that…
Financial experts and stakeholders in the Nigerian agribusiness value chain have called for financial products that would attract long term funding from the capital market for the Nigerian agricultural value…
…Says Naira depreciation, higher energy costs driving inflation The productivity of the Nigerian private sector dropped marginally by -0.1 in April 2025 although business activity maintained its positive momentum into…
The Manufacturers Association of Nigeria (MAN) has decried the reported plans by the Nigeria Customs Service (NCS) to re-introduce the 4.0 per cent Free-on-Board Levy (FOB). It said that such…
Lafarge Africa Plc, a manufacturer of a range of cement brands, held its 66th Annual General Meeting (AGM) in Lagos on Friday. The AGM, attended by shareholders, board members, and…
The National Economic Council (NEC) has approved the establishment of a Cotton, Textile and Garment Development Board (CTGDB) to regulate activities in the sector. The CTGDB would be domiciled in…
…Tasks him to drive Investment and job creations in emerging economies The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private…
The Lagos Chamber of Commerce and Industry (LCCI) has called for drastic actions to reduce Nigeria’s value and cost of public borrowing. The LCCI stated these yesterday in a public…
The IMF has sounded a warning to all countries over the surging public debts. This warning was issued on Wednesday by the Director, IMF Fiscal Affairs Department, Mr. Victor Gaspar.…
The International Monetary Fund (IMF) has expressed fear that the strong policy actions that have been taken by governments in Africa to bring down inflation, stabilize public debt, and reduce…
A Professor of Economics and former Member of the Monetary Policy Committee of the Central Bank of Nigeria, Professor Mike Idi Obadan, has stated that the current tariff war, which…
The Manufacturers Association of Nigeria (MAN) in its “MAN Economic Review Second Half 2024,” has said that real manufacturing investment fell by 35.3 percent year-on-year to N658.81 billion in 2024.…
The Centre for the Promotion of Private Enterprise (CPPE) has kicked against the Raw Materials Research and Development Council (RMRDC) Bill currently before the National Assembly, which proposed that no…
A report by the Nigerian Institute of International Affair (NIIA) has declared that the hike in tariffs by the United States of America would hit Nigerian agricultural and manufacturing SMEs…
The Lagos Chamber of Commerce and Industry (LCCI) has said that the ongoing trade war between the United States of America and the rest of threat to Nigeria’s N323.96 billion…
Nigeria is demonstrating commitment to addressing climate change, promoting sustainable economic growth by encouraging the development of a Just Transition Guidelines for the country in line with Paris Agreement. This…
… Wipe Out N2trn from Nigeria’ Agricultural Exports The Manufacturers Association of Nigeria (MAN) has stated that the 14 per cent tariff imposed on Nigerian exports to the United States…
Nigeria has officially gazetted and transmitted to the African Continental Free Trade Area (AfCFTA) Secretariat the Economic Community of West Africa (ECOWAS) Schedule of Tariff Offers for Trade in Goods…
The Minister of State for Industry, Senator John Enoh, announced on Wednesday that the federal government is partnering with the Bank of Industry (BoI) and other stakeholders to revive the…
The Chief Executive Officer of BIC Consultancy Limited, Dr. Boniface Chizea, has remembered Dr. Paschal Dozie, who passed away yesterday as a Nigerian who was passionate about the role of…
The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, has described the tariffs announced by President Donald Trump of the United States of America as posing significant…
From Isaac Samuel The Federal Government has expressed concern over the newly imposed 14 per cent tariff by US President Donald Trump on Nigerian exports, warning that the move could…
The Centre for the Promotion of Private Enterprise (CPPE) has stated that the ongoing trade war being championed by President Donald Trump of the United States of America, might cause…
By Isaac Samuel On Wednesday, U.S. President Donald Trump announced a 14 per cent tariff on exports from Nigeria to the United States as part of a larger protectionist trade…
The Nigerian Breweries Plc recorded ahistoric N1.1 trillion group revenue in 2024 financial year, which is an outstanding 81 per cent year-on-year growth. The NB also grew its operating profit…
The Nigerian private sector recorded strengthened productivity in March as output, new orders and employment all increased to greater degrees than in February. This was disclosed by the Stanbic IBTC…
The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government for the appointment of a substantive Chairman for the National Health Insurance Authority (NHIA). Speaking in Lagos, the Director…
The Centre for the Promotion of Private Enterprise [CPPE] has advised the federal government to shelve its plan to ban the importation of solar panel into Nigeria. The CPPE gave…
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the recently approved 4500 million World Bank’s loan for Nigeria and told the federal government to focus on…
By Abubakar Y Ojima-Ojo The operating profit of the Nigeria Sovereign Investment Authority (NSIA) increased to N1.86 trillion, according to the organisation’s 2024 financial results. Announcing its fiscal performance in…
By Abubakar Y. Ojima-Ojo The removal of fuel subsidies in Nigeria has unleashed profound economic consequences, both positive and negative, according to energy expert Dr Ayodele Oni. Speaking in an…
The Managing Director/Chief Executive Officer of Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, has revealed that a well-structured circular economy could fetch $2.5 billion annually for Lagos State Government.…
