Meta Quitting Nigeria Threatens 20 Million Businesses on Facebook and Instagram
“My shop practically lives on these platforms, especially Instagram,” Lagos-based baker Fatima Tunde said. “If it’s gone, I’m out of business.”
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“Nigeria First Policy” Excite Manufacturers
“President Tinubu has proposed that we will no longer just sit there and allow importation to come into this country where there is the capacity for production of these commodities locally.”
Global Share of Manufacturing Value, by Country
Brazil leads in South America with $300 billion in manufacturing value.
Its industrial economy is anchored by automotive production, food processing, chemicals, and aerospace, particularly through companies like Embraer.
BUA Foods Post N442.1bn in Q1 2025
Despite the increase in operating expenses, BUA Foods achieved a 124% profit after tax to N125.28bn in Q1 2025, compared to N55.82bn in Q1 2024.
Lafarge Africa Shareholders Approve Sales to Huaxin Despite Senate’s Fears
The Group Managing Director/CEO Lolu Alade-Akinyemi highlighted the company’s dedication to innovation, sustainability, and operational excellence.
Coca – Cola Nigeria to pay N190 million misleading Fines Within 60 Days
Upholding the FCCPC’s five-year investigation, findings, and imposed penalties, the tribunal ruled that NBC’s conduct constituted misleading practices in violation of Nigerian law.
The World of Boats Building
How many pieces of wood make a boat?
It depends on the size of the boat. For a big boat with 8-10 passenger capacity, we use about twelve pieces of wood. The small boat takes between 6-7 pieces of wood.
FG Setting up New Cotton and Textile Dev Board
The board, when set up, will be domiciled in the Presidency, private sector-driven, with the representation of the relevant public sector stakeholders, and funded from the Textile Import Levy being collected by the Nigeria Customs Service (NCS)
Inner Galaxy Group’s $400 million Stellar Steel Plant in Ogun State
The groundbreaking ceremony was recently performed by the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, with targets to commission the completed plant by April 2026.
FG Assures Spirits and Wines Sector of Favourable Regulations
The discussion focused on the current regulatory reforms affecting the growth and stability of the sector.