• Dr. Ifeanyi Okoye, NECA President The Nigeria Employers’ Consultative Association (NECA) and the Nigeria Labour Congress (NLC) have dismissed the claims by the Nigerian Bureau of Statistics, NBS, improvement in some macroeconomic indicators. The Nigerian Bureau of Statistics, NBS, has just released its latest Composite Consumer Price Index indicating that inflation declined for the…
The German Federal Ministry for Economic Cooperation and Development (BMZ) is contributing EUR 600,000 (approximately CHF 560,000) to the Standards and Trade Development Facility (STDF) to help developing economies and least-developed countries (LDCs) meet international food safety, animal and plant health standards for trade and improve their access to global and regional markets. The STDF is…
SINOMACH, a Chinese conglomerate, is investing $1 billion in Nigeria’s sugar Industry. The memorandum of understanding for the development of a sugarcane cultivation and processing plant capable of producing one million metric tonnes of sugar has been signed by the investor and the National Sugar Development Council (NSDC). In the agreement, SINOMACH is set to…
The 14 billion CFA Francs industrial park is composed of a shea butter factory which produces 100 tonnes/day; a Refinery of 30,000l/day, an Oil mill of 200 tonnes/day; livestock feed mixer of 120 tonnes/day.
Further analysis of the Unaudited Financial statement for the six months ended June 30th, 2024, showed that the revenue grew by 110 percent, while the profit after tax jumped by 38 percent.
President Bola Tinubu has reiterated his administration’s plans to reduce inflation from its current high of 34.6 percent to 15 percent in 2025. President Tinubu, in his New Year messages, admitted that 2024 posed numerous challenges to Nigerians and households. He said that 2025 will bring brighter days, adding, “By the grace of God, 2025…
A recent mapping of Used Lead-Acid Battery (ULAB) recycling facilities in Nigeria reveals that 64 percent of them are found within Ogun State, with most of them concentrated in the Ogijo area of the state.
ECOWAS is calling on palm oil-producing member states to remove tariffs and taxes on the commodity. This is to facilitate the trading of the commodity and for the sustainable growth of the palm oil sector within the region. The region’s palm oil producing countries are Ivory Coast, Togo, Benin, Nigeria, Ghana, and Liberia. Amb. Yakubu…
The International Finance Corporation (IFC) has called on trade finance institutions the like of Afreximbank, the Development Bank of Nigeria, AfDB, etc, as well as the governments and regulators, to improve women-owned businesses access to finance, especially in Nigeria and the other emerging markets. IFC made the call in its latest country studies results, titled…
