Nigerian Govt on the March again to revive textile industry
They made the call in a motion titled, “Urgent Need to revive the Textile Industries in Nigeria with particular reference to the Kaduna-Kano axis.”
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‘Fixing the Structural Barriers Holding Nigerian Manufacturing Back’, by Ruth Owojaiye
Nigeria requires an estimated 100,000 megawatts of electricity to effectively power its economy but currently generates only about 4,000 to 5,000 megawatts.
Lagos developing 21st century LIFC new business district, says Sanwo-Olu
Sanwo-Olu emphasised that Lagos remains one of the continent’s most strategic economic hubs, with a population exceeding 25 million and a gross domestic product steadily approaching the $300 billion mark.
Nigerian labour leader dies in Geneva
Adeleke was in Switzerland as part of Nigeria’s delegation to the conference when he reportedly became ill and was later taken for medical attention. He subsequently passed away.
Exchange Rates Today, Tuesday June 9 (Official/Black Market)
Dollar (USD) ₦1, 362.84
Great British Pound (GBP) ₦1,821. 30
EURO (EUR) ₦1,574. 53
SWISS FRANC (CHF) ₦1,714. 05
RMRDC To Site Aromatic Plants clusters in Oyo State
Among the aromatic plants identified for development were lemongrass, basil, mint, citronella, clove and cinnamon, all of which have significant commercial value and wide-ranging applications in the food, pharmaceutical, cosmetics, perfumery and herbal medicine industries.
Africhip and RMRDC to unlock opportunities in Nigeria’s Semiconductor Industry
Nigeria possesses significant deposits of critical minerals required for semiconductor manufacturing, including silicon, quartz, columbite, lithium, and rare earth elements, which provide the country with a strong foundation for developing a local semiconductor industry.
Exchange Rates June 5 2026 Across Official/ Black Market
US Dollar (USD) ₦1, 358.75
Great British Pound (GBP) ₦1,828. 06
EURO (EUR) ₦1,581. 58
SWISS FRANC (CHF) ₦1,724. 74
Dangote Refinery attains 700,000 bpd processing capacity
Speaking on the development, Vice President of oil and gas at Dangote Industries Limited, Devakumar Edwin, said the refinery plans to expand its processing capacity to 1.4 million bpd within the next 30 months
Key points from National Plastic Summit 2026 Conversation
A major highlight of the summit’s was the inauguration of the Finance Taskforce for Plastic Action in Nigeria, established to mobilise investment and accelerate financing for plastics circularity, recycling infrastructure and sustainable waste management across the country.