• CBN monetary policy committee members The Manufacturers Association of Nigeria (MAN) reacted today to Central Bank of Nigeria (CBN) July interest rate cut. The Association is complaining that the persistent increase in the rate over the years has impacted the sector negatively, especially the disruptions on manufacturing production and investment plans. Segun Ajayi-Kadir, MAN…
The new directive is long overdue, and the government, being the biggest spender, would do well to lead by example.
This will certainly send the right signals and raise consumer confidence in made-in-Nigeria products.
• MTN Nigeria Executives L-R Roger Shutte: General Manager for Infrastructure, Shoyinka: Shodunke Chief Information officer, Karl Toriola: CEO MTN Nigeria today, July 1, 2025, launched what it describes as West Africa’s largest Tier III data centre—and one of the largest in Africa. TechPoint Africa reports that the data centre is named after MTN Nigeria’s…
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1,405 Sell ₦1,415 GREAT BRITISH POUND (GBP) Buy ₦1,900 Sell: ₦1,930 EURO (EUR) Buy ₦1,585 Sell ₦1,610 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS) Buy…
The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday. She said the suspension followed a series of high-level consultations with key industry…
The institution’s SME customer base grew by seven percent and reached a total of more than one million.
By Felipe Maciel, Manager, Environment and Climate Change Steel scrap is a vital part of the whole steel industry and its importance in reducing CO2 emissions, conserving resources, and driving the economics of the industry is only growing, but the difficulties in each of the stages of scrap processing pose challenges to steelmakers. The pressure on…
By Dare Adekanmbi LONG before Nigeria claimed its independence in 1960, agriculture was the heartbeat of its economy. The stories of the First Republic highlight how various regions flourished— from the North’s bustling groundnut pyramids to the fertile cocoa farms in the West, and the East’s thriving rubber and palm oil production. Each region carved…
Development Bank of Nigeria (DBN) 2024 AGM, in Abuja: L-r Mr. Kyari Abba Bukar, DBN INED., Dr. Armstrong Takang (PhD), Managing Director/CEO, MOFI., DBN MD/CEO Dr. Tony Okpanachi. Image Credit: Facebook industrialtimesngr.com
Rubber Industry stakeholders in Nigeria are earnestly expecting the Federal Government and the South-West governors to support the promotion of rubber cultivation in order to further boost the Nigerian economy. The stakeholders under the umbrella of the National Rubber Producers Processors and Marketers Association of Nigeria (NARPPMAN) made the call during the fifth Odua International…
