“Your 2026-2027 planting needs to be more aggressive. The plan is not impressive at all and is not commensurate with your potential and opportunities. Why is your plan this modest? You say you are being realistic but what is the challenge? Being realistic has to be about a challenge. You have 10,000 TCD plant and…
▪︎Export N20.48trn ▪︎ Import N14.67trn The National Bureau of Statistics (NBS) said Nigeria recorded N5.81 trillion trade surplus in the third quarter of 2024 (Q3’24).This represents a 298 per cent year-on-year (YoY) increase in trade surplus from N1.3 trillion recorded in Q3’23. NBS disclosed this today in its foreign trade in goods statistics for Q3…
• IVM Chairman, Dr Innocent Chukwuma (right) in a hearty mood with some delegates shortly after the launch of the Innoson Pan -African Prestige Club . The Chairman of Innoson Vehicle Manufacturing (IVM), Chief Dr. Innocent Chukwuma, announced the launch of the Innoson Pan-African Prestige Club, during the Opening Ceremony of the 2026 First Ordinary…
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, warmly urges foreign cold storage infrastructure companies to come and invest in Nigeria’s cold chain sector and potentially reap the profits. Kyari made the call during the 7th West African Cold Chain Summit and Exhibition (WACCSE 2025) and the 10th Agrofood and Plastprintpack Nigeria exhibition…
(Visual Capitalist) China and manufacturing dominance together are words easily believed, but this wasn’t always the case. The world’s manufacturer didn’t always make—quite literally—everything. This visualization projects the change in manufacturing value added (MVA) by country from 2000 to 2030. Data is sourced from the UN Industrial Development Organization, as of November 2024. Economic Reforms and…
THE Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has directed the extension of tax office operations to weekends for the month of June. In a statement on Monday, Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, explained that the directive is part of Adedeji’s commitment to matching the agency’s customer-centric…
There’s a chip they are using to defraud customers, either from inside the bank or it’s planted with the POS machine.
Ultimum Limited, the manufacturers of Razzl brand of carbonated soft drinks has commissioned its state-of-the-art beverage manufacturing plant in Aba, Abia State. Razzle beverages include Razzl Pamplemousse (a unique and special grapefruit flavour), Razzl Cola, Razzl Orange, and Razzl Lemon. Otti described the investment as a clear signal of economic revival and growing investor confidence…
• Dr Muda Yusuf, MD/CPPE The Centre for the Promotion of Private Enterprise (CPPE) has called for ongoing support for high-performing sectors of the economy and targeted intervention for sectors currently in recession. This appeal follows the recently rebased Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS), now based on…
(Industrial Times, Nigeria) President Bola Tinubu’s discussions with the President Teodoro Mbasogo of Equatorial Guinean, resulted in a signed agreement on a gas pipeline for the Gulf of Guinea. This is disclosed in a statement on Thursday, by Ajuri Ngelale, the president’s spokesman. “The Gulf of Guinea gas pipeline project was signed on Wednesday, to…
